Ann: Investor Presentation - September 2019, page-398

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Dentbumbo

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04/10/19

08:50

Post #: 40719401
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Originally posted by Harcee: ↑

Filter the noise part 4. There you go. It's happening! News coming directly from UK Prime Minister. UK’s first spaceport by the early 2020s! All the benefits for SAS. Now let's launch the first batch already.

Reach for the stars
https://www.harwichandmanningtreestandard.co.uk/jobs/jobs_news/17944062.reach-stars/

The UK aerospace sector directly employs 110,000 and many more in the supply chain, with an advanced manufacturing base providing employment for around 3000 companies. The government predicts the industry could be worth £40 billion a year to the UK economy by 2030.

An estimated 44% of the world’s small satellites are already made in the UK with industry leaders claiming Britain could soon overtake European space programmes. This follows the commitment of £92 million to creating a rival to the EU’s Galileo satellite navigation project.

Funding announcements by UK Space Agency (UKSA) and Highlands and Islands Enterprise (HIE) have also confirmed Sutherland will be home to the UK’s first spaceport by the early 2020s. Vertical rocket and satellite launches are planned from the A’Mhoine peninsula, with a total funding package of £17.3 million to be invested, including £2.5 million from UKSA and £9.8 million from HIE. The project will create 40 local jobs and 400 in the wider supply chain.

With all of this vibrant activity, the UK space industry is expanding much like the universe itself . . . and so too are job opportunities.

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Thanks for your posts Harcee. They are a breath of fresh air on this forum which had become very negative - toxic even.

SAS Price at posting: 2.8¢ Sentiment: None Disclosure: Held
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Ann: Investor Presentation - September 2019, page-398

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