Daily Mail

BAE’s satellites deal

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BAE Systems has snapped up the space company that designed the world’s first ‘rideshare’ system for satellites for £13m.

In-Space Missions, which was founded in 2015, builds and operates satellites for customers. It can launch kit owned by several companies up in one satellite – which cuts down on the amount of ‘space junk’ left orbiting Earth. BAE will pay more for the Hampshireb­ased firm if it hits various performanc­e targets.

The takeover came as BAE won contracts worth £220m to train pilots to fly the Typhoon fighter jet.

The deals will support about 120 jobs to set up the simulators and training facilities at sites in Lincolnshi­re and Moray in Scotland.

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