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
|
|
Space Force adds Rocket Lab and Stoke Space to NSSL contract
Posted: Sun, Mar 30 9:19 AM ET (1319 GMT) |
|
news links
|
|
Friday, April 4
‘Mind-boggling’: Space Force chief fires off dire warning about Chinese capability to knock out US satellites
Fox News — 5:52 am ET (0952 GMT) How China is expanding its anti-satellite arsenal
Defense One — 5:52 am ET (0952 GMT) Rocket Lab And Stoke Space Join U.S. NSSL Lane 1 Vendor Pool
Aviation Week — 5:52 am ET (0952 GMT) Olivia Munn criticizes all-female Blue Origin space crew: ‘What’s the point?’
The Independent — 5:50 am ET (0950 GMT) Olivia Munn slams ‘gluttonous’ female Blue Origin crew going to space: ‘People can’t afford eggs’
New York Post — 5:49 am ET (0949 GMT) |
