UK space fears loss of Galileo work following Brexit vote
Date: Thursday, August 18 @ 05:16:06 UTC
Topic:
It's feared that the Brexit vote may lead to the UK's space sector being excluded from the EU's Galileo satellite navigation project.
With Galileo business amounting to an estimated £6 billion the loss would seriously affect the UK's ambition to grow its share of the world space market. Thales, a Franco/Italian company has already raised questions about UK companies involvement in Galileo and there is rising concern that the Brexit vote will lead to a weakened position when bidding for space contracts.
Paul Verhoef, ESA’s director of satellite navigation has stated that there would be no discrimination against UK companies but that political pressure would be unavoidable once Article 50 comes into effect and the exit process begins.
Source: European Space Agency/Galileo
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