UK to Lose Airbus Space Contract Due to Brexit

A potential 200 million euro ($2.39 million) contract between the European Space Agency (ESA) and Airbus in Portsmouth will be moved to the European continent because of Brexit, the managing director of Airbus said. Airbus will move all the work for the ground control for the new European Union (EU) satellite navigation system, Galileo, from the United Kingdom to France or Germany should it win the bid. The decision is a response to the ESA’s rule that it will only allow EU member states to be lead contractors on the Galileo work after March 29, 2019 when the U.K. is scheduled to leave the bloc.

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