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."
Notes for Editors
1. The European Union contract for Galileo – the European Global
Navigation Satellite System set to compliment GPS - will go to a
consortium involving the British manufacturer, SSTL.
2. The total value of this contract is €566m (£510m). This will
provide €236m (£212m) of work for satellite manufacturer SSTL
which is based in Surrey.
3. For media enquiries, contact Rachel Clarke, BIS press officer,
Tel: 18002 020 7215 5945 or email: rachel.clarke@bis.gsi.gov.uk
Department for Business, Innovation & Skills
The Department for Business, Innovation and Skills (BIS) is
building a dynamic and competitive UK economy by: creating the
conditions for business success; promoting innovation, enterprise
and science; and giving everyone the skills and opportunities to
succeed. To achieve this it will foster world-class universities
and promote an open global economy. BIS - Investing in our future.
Contacts:
BIS Press Office
NDS.BIS@coi.gsi.gov.uk
Rachel Clarke
Phone: 18220 020 7215 5945 - text direct
phone
Mobile: This is a text direct phone- please dial in fill
Rachel.Clarke@bis.gsi.gov.uk