The American company Raytheon has bought the British startup Northern Space and Security. It is engaged in the collection of information in the space sphere, its analysis and related activities.
Raytheon bought Northern Space and Security
The American company Raytheon Intelligence & Space announced on July 18 its intention to acquire Northern Space and Security or NORSS. It is a British startup specializing in information about outer space, satellite data analysis, space surveillance and tracking.
NORSS was founded in 2017 by Royal Air Force veteran Ralph Dinsley. It provides technical satellite data analysis services to the UK Space Agency and recently won a contract with the UK Ministry of Defence to develop a new simulation system for the development and testing of British military satellites and their constellations.
The cost and terms of the deal were not disclosed. Raytheon Corporation is known for providing many services in the field of satellite data processing. In particular, it is one of the suppliers of weather data for the US military.
Mutual Benefit Agreement
Working with information in the space field is of particular interest to the Raytheon UK Strategic Research Group, which is part of the company’s British space business. For NORSS, this agreement is also beneficial, because they get access to the US market.
“When the merger of the companies is finally completed, it will contribute to the expansion of NORSS through access to new markets,” said Dinsley, executive director of NORSS. “As part of Raytheon Intelligence & Space, we will have expanded access to international markets, continued investment in research and development, and opportunities to collaborate on the next generation of space technology.”
Also, according to Jeff Lewis, executive director of Raytheon UK, this agreement will improve the capabilities of the United Kingdom in the field of obtaining and analyzing satellite data on the situation on Earth and in space.
According to spacenews.com
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