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The UK Government and Space Florida signed an Memorandum of Understanding at Farnborough International Airshow, aimed at helping space companies and researchers turn innovative ideas into commercial reality and unlocking US market opportunities for British interests.
A new £20 million investment will help UK small-and-medium sized enterprises (SMEs) develop a hypersonic ‘clay pigeon’ target, whilst a new SME Action Plan aims to remove barriers for British SMEs and open up defence supply chains.
The aerospace engineering company, which converts passenger airliners to freighters, has signed a 50-year agreement with the airport to develop a purpose-built facility.
