Airbus Secures Sole Ownership of Satellite Venture, Boosts Florida's Space Coast Presence

By Ivan PetrenkoJan 30, 2024 22:26 PMNews
Share:
Space satellite in near-Earth orbit
Space satellite in near-Earth orbit. Source: pixabay

Airbus U.S. Space & Defense, Inc., a significant player in the aerospace industry, recently announced its acquisition of Eutelsat OneWeb's 50% stake in the Airbus OneWeb Satellites (AOS) joint venture. This move positions Airbus as the sole proprietor of AOS and its Merritt Island satellite manufacturing facility in Florida.

The transaction is a strategic move by Airbus to enhance its capabilities in the small satellite constellation market. The newly streamlined ownership structure is anticipated to deliver increased efficiency and competitive advantage for a diverse range of space customers, including commercial entities, institutional clients, and national security interests.

This agreement furthers our position as a market leader in the small satellite constellation business, building on our successful partnership with OneWeb, we will continue mass producing small satellites for our customers and are excited for what the future holds for us on Florida’s Space Coast as we move forward
Robert Geckle, Chairman and CEO of Airbus U.S. Space & Defense

Underpinning this commitment is the recent retooling of the Merritt Island factory to accommodate the Arrow450 production line, coupled with an ongoing expansion project. This initiative aims to meet the growing demand for small satellites from both commercial and government customers, thereby deepening Airbus' footprint in the region.

The Airbus OneWeb Satellites joint venture, established in 2016, has achieved notable success, having constructed over 600 satellites for the OneWeb first-generation constellation at an impressive rate of two satellites per day. These satellites are currently operational in orbit, marking a significant milestone in the venture's history.

This acquisition by Airbus not only reinforces its leadership in the aerospace sector but also signifies a major boost for Florida's Space Coast. As the demand for small satellites continues to rise, Airbus' expanded presence and capabilities in Florida are poised to play a pivotal role in shaping the future of space exploration and satellite technology.

Top Articles
Best American ranches: 11 places to experience freedom and adrenaline at its best

Best American ranches: 11 places to experience freedom and adrenaline at its best

Feb 28, 2024 21:40 PM
Where to stay in Barcelona so you don't miss out on the most important things. A guide to neighborhoods and places of interest

Where to stay in Barcelona so you don't miss out on the most important things. A guide to neighborhoods and places of interest

Feb 28, 2024 15:50 PM

Mysterious Gjirokastra: where to go, where to stay and delicious food in the "city of a thousand steps"

Feb 28, 2024 08:50 AM

Top 8 hotels in Belfast: a cozy vacation in the United Kingdom

Feb 27, 2024 21:50 PM
More News
An aerial view of the ancient city

An ancient Mayan city found in Mexico that had been untouched for 1000 years. Photo

Feb 29, 2024 13:10 PM
Passenger traffic will double in 10 years

The number of air passengers in the world will double by 2042 - forecast

Feb 29, 2024 12:50 PM

Beyond the Beach: Carpinteria's Rich Tapestry

Feb 29, 2024 12:39 PM

Three zodiac signs aspire to personal growth: March horoscope

Feb 29, 2024 12:30 PM
These zodiac signs will be able to build relationships this week

These zodiac signs will be able to build relationships this week

Feb 29, 2024 12:03 PM
Silhouette of an airplane flying against a backdrop of stormy clouds

IATA Enhances Turbulence Reporting with The Weather Company for Safer Flights

Feb 29, 2024 11:37 AM
Green grass field with several giraffes under cloudy sky during daytime

Revolutionizing Safari Experience in Botswana: A Visionary Journey

Feb 29, 2024 10:38 AM
These zodiac signs will feel attractive this week

These zodiac signs will feel attractive this week

Feb 29, 2024 10:30 AM
Hilton Hotel

Hilton to improve platform for instant online communication with customers

Feb 29, 2024 09:50 AM

Jin House at Four Seasons Tianjin Receives Black Pearl One-diamond in 2024 Dining Guide

Feb 29, 2024 09:34 AM

Top 10 picturesque lakeside cities in Asia that will take your breath away

Feb 29, 2024 09:10 AM
Can you smile in a passport photo?

Can you smile in a passport photo: a few nuances

Feb 29, 2024 08:50 AM
A person with a bottle on their foot on a bed

Navigating Cultural Greetings: A Guide for Touch-Averse Travelers

Feb 29, 2024 08:37 AM
Representatives of three zodiac signs should listen to their intuition: Horoscope for February 29

Representatives of three zodiac signs should listen to their intuition: Horoscope for February 29

Feb 29, 2024 08:30 AM
Milan

Not only capitals: the best #2 cities in the world

Feb 29, 2024 08:00 AM

Qatar Airways Unveils Sama 2.0: The Future of AI in Aviation at ITB Berlin 2024

Feb 29, 2024 07:30 AM

Cheap travel: the best tourist destinations in America on a budget

Feb 29, 2024 07:00 AM
American football arena beside building and roadway during daytime

Tennessee Local Secrets: Beyond the Tourist Trail

Feb 29, 2024 06:36 AM
Spanish authorities are fighting the boar invasion in parks

Spanish authorities are fighting the boar invasion in parks

Feb 29, 2024 06:02 AM
Girl looking at paintings by great artists

Exploring the Remarkable Women of Palazzo della Gherardesca: A Journey through History with Sara Innocenti

Feb 29, 2024 05:31 AM
Three zodiac signs will embark on journeys: 2024 horoscope

Three zodiac signs will embark on journeys: 2024 horoscope

Feb 29, 2024 05:30 AM
Geographical names are becoming increasingly popular in the world

Geographical names for children are becoming increasingly popular worldwide: which ones are the trendiest

Feb 29, 2024 05:07 AM

China Southern Airlines Expands with Guangzhou-Doha Route

Feb 29, 2024 04:35 AM

Qatar Airways Enhances Connectivity with Move to North Goa's Manohar International Airport

Feb 29, 2024 03:33 AM
These zodiac signs may face relationship problems this week

These zodiac signs may face relationship problems this week

Feb 29, 2024 03:30 AM
Blue and red airplane on sky

2023: A Milestone Year for Aviation Safety

Feb 29, 2024 02:34 AM