Astrium to acquire SSTL
Posted: Mon, Apr 7, 2008, 8:46 AM ET (1246 GMT)
Europe's largest satellite manufacturer has announced an agreement to purchase a majority stake in the continent's leading developer of smallsats. EADS Astrium will acquire 80 percent of Surrey Satellite Technology Ltd. (SSTL) for an estimated £40-50 million (US$80-100 million), the companies reported Monday. Astrium is best known as a manufacturer of large government and commercial satellites, including GEO communications satellites. SSTL, by contrast, builds small satellites weighing no more than a few hundred kilograms. SSTL was spun out of the University of Surrey in the UK, and it is university that is cashing out its stake in the company. SSTL will remain a separate operating entity with with access to the greater resources of Astrium. The deal is subject to regulatory approvals.
Europe's largest satellite manufacturer has announced an agreement to purchase a majority stake in the continent's leading developer of smallsats. EADS Astrium will acquire 80 percent of Surrey Satellite Technology Ltd. (SSTL) for an estimated £40-50 million (US$80-100 million), the companies reported Monday. Astrium is best known as a manufacturer of large government and commercial satellites, including GEO communications satellites. SSTL, by contrast, builds small satellites weighing no more than a few hundred kilograms. SSTL was spun out of the University of Surrey in the UK, and it is university that is cashing out its stake in the company. SSTL will remain a separate operating entity with with access to the greater resources of Astrium. The deal is subject to regulatory approvals.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Senate seeks to add $10 billion to NASA human spaceflight programs
Posted: Sat, Jun 7 10:46 AM ET (1446 GMT) |
|
news links
|
|
Tuesday, June 17
Rocket Lab Adds Two New Missions to 2025 Electron Launch Manifest, Schedules First Launch in Four Days’ Time
Business Wire — 1:11 am ET (0511 GMT) ULA delays Atlas V rocket launch of Amazon Project Kuiper satellites from Florida
WOFL-TV Orlando — 1:10 am ET (0510 GMT) ULA delays second round of Amazon’s Project Kuiper satellites
WFTV Orlando — 1:10 am ET (0510 GMT) ULA postpones launch of Alabama rocket that will double Amazon’s satellites in orbit
Huntsville Times — 1:10 am ET (0510 GMT) Amazon Kuiper second satellite launch postponed by ULA due to rocket booster issue
CNBC — 1:09 am ET (0509 GMT) |
