EADS Swallows Dutch Space

SPACEMART

Paris (AFP) Dec 01, 2005
European aerospace and defence group EADS said on Thursday that its space division EADS Space had acquired Netherlands-based space company Dutch Space.

European Aeronautic Defence and Space Company (EADS) did not reveal how much it had paid to acquire Dutch Space, which has annual turnover of about 65 million euros (76 million dollars) and employs nearly 300 people.

Dutch Space, a subsidiary of Dutch aircraft manufacturer Fokker until 1995, is specialised in robotics, space equipment and satellite launchers and supplied equipment for the European satellite-launching rocket Ariane 5, which took off earlier this month, EADS said.

In a statement issued by EADS, the chief executive of EADS Space, Francois Auque, said: "Dutch Space has a long and successful history in the space business and will be an excellent asset to our portfolio."

The agreement was signed by Auque and the chief executive of Dutch Space, Ben Spee, in the presence of Dutch Minister of Economic Affairs Laurens Jan Brinkhorst.

EADS said the acquisition of Dutch Space meant it would be active in five European countries.

EADS added that it was looking at ways to deepen ties with Dutch partners such as Stork Aerospace, which is already a major supplier to European aircraft maker Airbus, an 80-percent-owned subsidiary of EADS.

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SPACEMART

New Optus Birds To Reap Rewards Of Growing Broadcasting Market In Asia Pacific

Sydney, Australia (SPX) Dec 01, 2005
As the market size for satellite services in Australia and New Zealand experiences strong growth- especially for direct-to-home broadcasting- Optus is preparing to launch their next generation of satellites, intent on securing, and providing for, this expanding number of users.

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