Tag: Satellite Applications
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From “Southern Rockets, Northern Satellites” to Four-District Coordination: Why Has Beijing Become a Hub for Commercial Space?
On September 3, the Beijing Municipal Bureau of Commerce released the Work Plan for the Development of China (Beijing) Pilot Free Trade Zone Linkage Development Areas. The commercial space section presents a more detailed industrial coordination map than the previous “Southern Rockets, Northern Satellites” concept: Haidian focuses on constellation R&D, Fengtai on satellite application services,…
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TransDigm to Acquire Stellant Systems for $960 Million in Cash
U.S. aerospace components maker TransDigm Group said it has agreed to acquire Stellant Systems, a manufacturer of radio frequency and microwave amplification products, in an all-cash transaction valued at $960 million, expanding its exposure to space and defence electronics. TransDigm announced the definitive agreement on Dec. 31, saying the acquisition remains subject to customary regulatory…
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China Unveils Action Plan to Boost Commercial Space Firms and Overseas Expansion
China’s space agency has released a two-year action plan aimed at accelerating the growth of its commercial space sector and encouraging private companies to expand overseas and participate in international cooperation, according to a policy document issued this week. The plan, released by the China National Space Administration (CNSA) on Tuesday, calls on Chinese commercial…