Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2021 09 14T100650Z 1 LYNXMPEH8D0DE RTROPTP 4 BAE AGM PAY - Business Express
FILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville

BAE Systems sees big opportunity in space after UK satellite bolt-on

LONDON (Reuters) – British defence company BAE Systems said space was a big area of opportunity, after it acquired UK-based satellite specialist In-Space Missions on Tuesday.

“It (space) will be a big opportunity for us,” Chief Executive Charles Woodburn told Reuters.

In-Space Missions, a southern England-based company with 30 employees, gives BAE exposure to the design, building and operation of satellites and satellite systems, which it sees as being key to defence missions of the future.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

The price of the acquisition was not disclosed but it was said to be non-material at the group level.

(Reporting by Sarah Young, Editing by Paul Sandle)

Recent Post: