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
|
|
SpaceX sets Nov. 18 launch date for sixth Starship test flight
Posted: Sat, Nov 9 9:57 AM ET (1457 GMT) |
|
news links
|
|
Friday, November 22
Space Force eyes SpaceX’s Starship for future rocket cargo delivery missions
Defensescoop — 1:37 am ET (0637 GMT) Anduril receives nearly $100M deal to modernize Space Surveillance Network
Defensescoop — 1:36 am ET (0636 GMT) Anduril Awarded Program of Record Contract to Modernize Space Surveillance Network
Anduril — 1:36 am ET (0636 GMT) One contractor is on the Space Force’s naughty list
Defense One — 1:35 am ET (0635 GMT) Private Space Companies Thriving as NASA Picks SpaceX and Blue Origin for Moon Cargo Missions
Inc. — 1:34 am ET (0634 GMT) |
