Raytheon has agreed to buy a Northumberland-based space specialist founded five years ago by a retired RAF officer.

The US defence giant’s takeover of Northern Space and Security (NORSS), whose clients include the UK Space Agency and the Ministry of Defence, was described as a ‘significant statement of confidence in the health of the British space industry’.

Based in Alnwick, NORSS offers analysis and surveillance to protect satellites operated by the Government and the commercial sector. 

Raytheon's takeover of Northern Space and Security was described as a 'significant statement of confidence in the health of the British space industry'

Raytheon’s takeover of Northern Space and Security was described as a ‘significant statement of confidence in the health of the British space industry’

It was founded in 2017 by Ralph Dinsley, who had more than 32 years’ military service, half of it at RAF Fylingdales, North Yorkshire, an early warning station to detect ballistic missile attacks.

Fylingdales also monitored satellite launches and orbits – skills transferred when setting up NORSS, which has operations in Sedgefield, County Durham, and Didcot in Oxfordshire. 

The value of the deal was not disclosed. Dinsley, a squadron leader when he left the RAF, said the deal would give NORSS ‘expanded access to international markets’ and create ‘opportunities to collaborate on the next generation of space technologies’.

This post first appeared on Dailymail.co.uk

You May Also Like

Seven things that WON’T determine what your home is worth

Whichever way you think house prices are heading this year, those buying…

Into the Void: the four-storey Barbican shell set to become a £3.5m home

Having bought the space in 2006 for £200,000, a former solicitor aims…

Shoppers rush to buy ‘brilliant’ bargain air fryer that’s £100 cheaper than a Ninja

SAVVY shoppers have been rushing to a little-known supermarket to buy a…

Beware perils of the UK takeover boom: Merger mania can hit investors

At first sight, BT, ContourGlobal, Countryside Properties, FirstGroup, Homeserve, Shaftesbury and Ted…