STATE AID APPROVED FOR UK SPACECRAFT MANUFACTURER SSTL.
On 4 November, the European Commission approved state aid worth GBP21 million (around 24 million) to Surrey Satellite Technology Limited (SSTL) - an EADS Astrium subsidiary - to develop a low-cost, synthetic aperture radar (SAR) satellite. The aid addresses "a genuine market failure without giving rise to undue distortions of competition". Part of the project will be carried out in collaboration with a research organisation, the Satellite Applications Catapult (SAC). The UK government will obtain 15% of the imagery data for free with the aim of...
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