Coface is a French credit insurance company that plays a role in the space industry by providing export credit guarantees and insurance services, particularly for satellite projects. They support companies involved in space-related manufacturing and services, helping them to manage financial risks associated with international projects. Coface works with major European exporters such as Airbus Defence and Space, Arianespace, and Thales Alenia Space, and cooperates with export credit agencies in other countries. Key words: credit insurance, export finance, satellite projects, risk management, European space industry.
All verified mentions of this organization in source documents.
Iridium Communications selected Thales Alenia Space over Lockheed Martin for a $3,000,000,000 constellation in part because of a Coface-backed financing package.
Iridium applied the $35,000,000 it received from Aireon directly to the $1,800,000,000 Iridium borrowed from the French export-credit agency Coface (now BPI France Assurance Export) to help finance Iridium Next.