'Skyrora And Spirit To Enhance Future UK Launch Capability'
Portfolio Pulse from Benzinga Newsdesk
Skyrora and Spirit AeroSystems have announced a collaboration to enhance the UK's orbital launch capabilities. Skyrora aims to be the first UK company to launch satellites from UK soil, with up to 16 launches per year planned. The partnership will leverage Spirit's manufacturing and testing facilities in the UK to transition Skyrora's vehicles from development to full-scale production. The collaboration aligns with the UK Government's National Space Strategy to become Europe's leading provider of small satellite launch by 2030. The partnership also includes research in space technologies, such as additive manufacturing, with Skyrora providing access to its Skyprint 2 3D printer.
November 21, 2023 | 2:08 pm
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Spirit AeroSystems has partnered with Skyrora to enhance the UK's orbital launch capabilities, which includes leveraging Spirit's manufacturing and testing facilities to support Skyrora's vehicle production.
Spirit AeroSystems' collaboration with Skyrora is likely to have a positive short-term impact on its stock price due to the potential for increased business opportunities and alignment with the UK's strategic space ambitions. The partnership could lead to new contracts and revenue streams for Spirit, as it will provide industrial capacity for Skyrora's launch proposition. The news reflects positively on Spirit's role in the growing space sector and its ability to secure significant partnerships.
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