European satellites giant Eutelsat Communications has signed a deal worth in excess of €200m to build two new satellites in the UK.
The deal, announced today by business secretary Greg Clark, will see components and major parts for two new communications satellites assembled in the Stevenage and Portsmouth.
Eutelsat is replacing its three existing satellites and is set to launch two new ones in 2021.
Leading European satellite businesses @Eutelsat_SA and @AirbusDefence have committed to a multi-million-pound deal that will see satellite components and major parts assembled in the UK.https://t.co/NflEiY773x pic.twitter.com/fyF9RmFKDz
— Rapid TV News (@RapidTVNews) 19 November 2018
The announcement marks yet another significant investment in Britain’s space and infrastructure sector, after it was announced earlier this year that Britain would build its first spaceport for launching satellites at Sutherland in Scotland.
Mr Clark said that:
“This investment is a significant vote of confidence for the UK’s world-leading space industry.
“This new deal builds on the recent announcement, as part of our industrial strategy, that the UK is investing in, and building, its first proposed spaceport in Sutherland. The spaceport will further develop our expertise and capabilities in the space sector enabling us to launch small satellites.”
“A vote of confidence in the UK economy” says @GregClarkMP in today’s Telegraph, as satellite operator @Eutelsat_SA and aerospace giant @Airbus sign a deal worth hundreds of millions of pounds to build more satellite components here in the UK. (paywall) https://t.co/kkLZa5DomO
— Dept for BEIS (@beisgovuk) 19 November 2018
This sentiment was echoed by Eutelsat chief executive Rodolphe Belmer, who said that: “We are impressed with the ongoing expansion of the UK space sector, particularly its growing industrial capabilities and development of cutting-edge technology, and we will continue to rely on the UK’s ability to build and deliver world-leading spacecraft.”