According to a press release issued on September 14, BAE Systems will buy In-Space Missions. This firm recently secured a contract to create a military satellite for the United Kingdom. BAE Systems has announced that it will purchase In-Space Missions to improve its ability to make small satellites for private and government customers. Either of the parties involved did not disclose the deal’s value.
Ben Hudson, who serves as the chief technology officer of the BAE Systems, stated in a statement that the United Kingdom has the potential to be a worldwide player in the developing low-Earth orbit space industry while also serving its own sovereign commercial and defense interests. In addition, they will be able to bring together a variety of space capabilities that will aid us in providing multi-domain operations, information advantage, and networking for their customers.
On SpaceX Transporter-2 rideshare mission, In-Space Missions launched its first small satellite, Faraday Phoenix, into orbit, marking the company’s debut in space. In July 2020, the company’s maiden Faraday satellite was destroyed during a failed launch attempt by Rocket Lab Electron.
The partnership implies that In-Space Missions will keep its small firm culture while benefiting from the great scale and new opportunities afforded by BAE Systems, according to Doug Liddle, who is the chief executive officer of In-Space Missions. In an interview with SpaceNews, he stated that the company, which has more than 30 workers, will function as a separate business division within the BAE Applied Intelligence, a division of BAE Systems that encompasses other space-related activities, like ground systems and manufacturing, among others. MORE