Arianespace is back in the black with a net income in 2014 of €3 million.

The French-controlled operation has seen a record year with 11 satellite launches (six by Ariane 5, four by Soyuz, one by Vega), compared with seven launches from the Guiana Space Center in 2013 (4 by Ariane 5, 2 by Soyuz, 1 by Vega), and one launch from the Baikonur Cosmodrome in Kazakhstan.

Arianespace Chairman and CEO Stéphane Israël said: “The record number of launches logged by our family of Ariane 5, Soyuz and Vega launchers, in 2014 enabled us to significantly increase our revenues and came back to positive results. With 2014 revenue of €1.399 billion, Arianespace achieved the second best revenue in its history. These results are the fruit of the engagement and professionalism of the employees of Arianespace and of all its partners.”

Israël is working in conjunction with Ariane’s partners on a cost reduction programme. He says it will improve competiveness ahead of the launch of Ariane 6.

14 new launch contracts were signed in 2014, including nine for geostationary satellites using Ariane 5.