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Arianespace is a multinational company founded in 1980 as the world’s first commercial launch service provider. The ArianeSpace CEO is Stephane Israel. ArianeSpace undertakes the operation and marketing of the Ariane programme.The company offers a number of different launch vehicles whose heavy-lift Ariane 5 for dual launches to geostationary transfer orbit. As of May 2017, Arianespace had launched more than 550 satellites.