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.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles