Surrey Satellite to be bought by EADS Astrium

[Rick]

Britain's flagship space company, Surrey Satellite Technology Limited (SSTL), has announced that it will be acquired by a foreign buyer.

The University of Surrey spinout sat maker announced today that it will henceforth be part of EADS Astrium, the space arm of European arms'n'aerospace titan European Aeronautics Defence and Space.

More: http://www.theregister.co.uk/2008/04/08/sstl_sold_to_eads/

[Rick]

Europe's largest space company, EADS Astrium, looks set to acquire the British satellite manufacturer SSTL.

Surrey Satellite Technology Limited started as a spin-out from the University of Surrey in 1985.

It has become the world's leading manufacturer of small satellites, producing low-cost platforms for Earth observation missions.

More: http://news.bbc.co.uk/2/hi/science/nature/7334231.stm

[Rick]

The purchase of UK satellite maker SSTL by Europe's biggest space company, EADS Astrium, has gone through.

Surrey Satellite Technology Limited started out as a spin-out from the University of Surrey in 1985.

It has become the world's leading manufacturer of small satellites, producing low-cost platforms for Earth observation missions.

More: http://news.bbc.co.uk/2/hi/science/nature/7826301.stm

[Rocket Pooch]

I think thats a positive move, the guys obviously did a good job there.