History
Matra Marconi Space was established in 1990 as a joint venture between the space and telecommunication divisions of the Lagardère Group (Matra Espace) and the GEC group (Marconi Space Systems). The merged company was announced in December 1989 and was owned 51% by Matra and 49% by GEC-Marconi. It would have annual sales of £300 million, with £8.7 million in assets from Marconi Space Systems and £10.7 million in assets from Matra Espace.
Claude Goumy, the Managing Director of Matra Espace was the first Managing Director. The first deputy Managing Director was Richard Wignall, the former Managing Director of Marconi Space Systems. The space industry was important to France - almost half the budget of the European Space Agency (ESA) came from the French government.
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