• Friday, March 29, 2024

Business

Eutelsat Communications And Airbus Sign Deal To Invest In UK

The new investment means Airbus sites in Portsmouth and Stevenage will manufacture key components of the two new satellites for Eutelsat, which will feature a brand-new electric platform to bring down size and cost, while boosting performance (Photo: GLYN KIRK/AFP/Getty Images).

By: Radhakrishna N S

A new multi-million-pound deal by European businesses Eutelsat Communications and Airbus Defence and Space for two new communication satellites will see components and major parts assembled in the UK before final assembly is completed in Toulouse, France. Components and major parts of the assembly will be built in the UK under the contract signed on Monday (19) between satellite operator Eutelsat and aerospace manufacturer Airbus, UK’s Business Secretary Greg Clark announced. The deal, worth hundreds of millions of pounds, between Eutelsat, one of the world’s top three providers of TV broadcast signals and Airbus is a huge vote of confidence in…

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