EADS Astrium buys UK university satellite maker
Physics Today: Surrey Satellite Technology Limited (SSTL), has announced that it will be acquired by EADS Astrium, the space arm of European Aeronautics Defence and Space (EADS).
"On completion, this will represent one of the largest cash spin-outs from any UK university," said Surrey University vice chancellor Christopher Snowden said. "It will also allow the company to realise its full potential as a rapidly growing and leading supplier of small and micro satellites, whilst the university retains the benefit of close interaction with SSTL and its new partner EADS Astrium. By retaining a small stake in SSTL the university shows its commitment to both the future of the company and space research itself."
