European Union Approves Astrium's Acquisition Of Sstl

摘要

The European Union has approved the sale of British small satellite manufacturer Surrey Satellite Technology Ltd. (SSTL) to Europe's biggest aerospace conglomerate, EADS, the European Commission announced Dec. 18. The commission judged that EADS's Astrium Satellites division, which in the past has competed with SSTL to build small Earth observation satellites for nations inside and outside Europe, would not be able to use the purchase to become a dominant competitor in a market the commission said is "dynamic and rapidly growing."