QinetiQ
has grabbed a 90% share of Verhaert Design and Development (VDD) and has an option to purchase the remaining 10% at a later date.
VDD, a subsidiary of the Verhaert Group of companies based outside
"With this deal QinetiQ and Verhaert have created a company that is well placed to bridge the gap that currently exists in the European space industry between the two biggest players and a multitude of smaller suppliers,” said Andrew Rogoyski, Managing Director of QinetiQ's Space Division.
The Belgian space systems integrator will be renamed Verhaert Space and will continue to operate autonomously under its existing management team out of its premises in
Engineering industry reacts to Reeves' budget
I´d have to say - ´help´ - in the longer term. It is well recognised that productivity in the UK lags well behind our major industrial competitors and...