BAE Systems has acquired In-Space Missions, a UK company that designs, builds and operates satellites and satellite systems.
BAE say that this acquisition is part of their strategy to develop breakthrough technologies, “pursuing bolt-on acquisitions where they complement existing capabilities and provide an opportunity to accelerate technology development in key areas, as evidenced with recent acquisitions such as Prismatic, Techmodal and PPM Ltd”.
Amanda Solloway, Minister for Science, Research and Innovation, said:
“This acquisition is a great vote of confidence in our thriving space sector. By bringing on board the expertise of In-Space Missions, BAE Systems will help to expand the UK’s capabilities in low earth orbit satellites, creating valuable export opportunities, while keeping this country at the forefront of a new commercial space age.”
Ben Hudson, Chief Technology Officer at BAE Systems, said:
“The UK has an opportunity to be a global player in the growing low earth orbit space market, as well as servicing its own sovereign defence and commercial needs. This acquisition will allow us to combine a range of space capabilities that help deliver information advantage, multi-domain operations and networking for our customers. We look forward to welcoming the In-Space Missions team to BAE Systems.”
Doug Liddle, CEO of In-Space Missions, added:
“This agreement means In-Space Missions will maintain its small company culture while leveraging the tremendous scale and new opportunities offered by BAE Systems. We’re already collaborating on new highly secure satellite applications and beyond that, we’re really excited about how this agreement will underpin our growth as an ambitious, UK-owned, prime and service provider.”