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EU Galileo contract won by consortium ....
07 January 2010, 5:51pm
EU Galileo contract won by consortium involving British satellite manufacturers SSTL
Commenting on the EU Galileo contract announced today, Lord Drayson, Science & Innovation Minister, said:
"This is great news for Surrey-based satellite manufacturer SSTL and the British space industry. The contract for 14 satellites will provide approximately €236m (£212m) of work for SSTL and cement their position as key player in this booming industry."
"The UK is fast becoming a world-wide destination for high-tech, high-skilled advanced manufacturing – and the UK space and satellite industry, with their strong order books for the next five years is a sterling example of this.
"It is these high-tech sectors which are bucking the trend during the recession, creating jobs and stimulating economic growth. Looking ahead, our space industry is forecast to grow on average by about 5% a year until 2020. This new contract will strengthen its position further."
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EU, Galileo, contract, won, by, consortium, involving, British, satellite, manufacturers, SSTL,
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Commenting, on, the, EU, Galileo, contract, announced, today,, Lord, Drayson,, Science, and, Innovation, Minister,, said:,
\"This, is, great, news, for, Surrey-based, satellite, manufacturer, SSTL, and, the, BritishMore…
Mike Small
Member of the London Chapter of ISACA, the Information Systems Audit & Control Association (www.isaca.org)