EADS Astrium Buys Surrey Satellite
EADS Astrium has signed an agreement to acquire Guildford, United Kingdom–based Surrey Satellite Technology Limited (SSTL) from the University of Surrey.
SSTL designed and built the first Galileo In-Orbit Validation Element (GIOVE-A), the only European GNSS satellite currently on orbit. The company also is building a second GIOVE-A spacecraft under contract to the European Space Agency (ESA).
By Glen Gibbons