Spanish defense contractor buys small satellite mission specialist Deimos
Top Stories Tamfitronics Deimos is leading a consortium that recently secured one of ESAs two parallel contracts to define the Spanish Component of the Atlantic Constellation, a network of Earth-monitoring small satellites. Credit: Elecnor DeimosTAMPA, Fla. Indra, one of Spains largest defense contractors, announced plans Aug. 7 to beef up its newly created space business by acquiring European small satellite mission specialist Deimos.Currently owned by Spanish energy giant Elecnor, Deimos provides satellite integration, subsystem and ground segment technologies with a team of more than 500 people across Spain, Portugal, Italy, Romania and the United Kingdom.Financial details were not disclosed for the deal, which is subject to regulatory approvals the companies expect to get before the end of the year.Indra described the proposed acquisition as the first step toward becoming a major player in domestic,...
