General Atomics Eyes Satellite Portfolio Expansion Via Surrey-US Asset Purchase Deal

General Atomics has purchased the majority of Surrey Satellite Technology US’ assets for an undisclosed sum in a strategy to advance the development of small satellites and other payloads.

General Atomics said Monday it will incorporate Surrey-US’ employees and assets into its electromagnetic systems business in support of growth objectives.

“We look forward to the Surrey-US team joining us as we continue to expand our portfolio of small satellite and mission-support capabilities,” said Scott Forney, president of General Atomics Electromagnetic Systems.

Forney added the acquisition would provide GA-EMS an opportunity to offer ground-to-space platforms through the use of micro- and nanosatellites as well as gain access to Surrey-US’ experience in small satellite design and deployment.

Founded in 2008, Surrey-US is headquartered in Englewood, Colorado, and is a wholly owned subsidiary of UK-based Surrey Satellite Technology.

Surrey-US designs, produces, deploys and operates small satellites designed to support defense, technology demonstrations, telecommunications and Earth observation missions.

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