Space is a great business, as well as fun for the kids. Last week, I was invited to Astrium in Portsmouth to give a talk about the opportunities for non-space companies to sell into the space sector. Readers of Qi3 Accelerator Insight will know that I’m passionate about promoting the space sector to wider communities. Of course, I like to think that I’m a reasonably interesting person, but it was clear that on that day my talk wasn’t the most interesting as far as useful facts were concerned.
Chris Ward, Head of UK R&D at Astrium, provided a noteworthy presentation with insightful statistics. I’ll focus here on some key figures:
- Astrium has €1B sales annually of which 53% accounted for manufacturing and 47% accounted for services (an increase from almost nothing over the past decade).
- In manufacturing, 70% (approx. €385m) of business was subcontracted of which €100m was spent with 400 UK companies.
- In services, 35% (approx. €176m) of business was subcontracted of which €100m was spent with other UK companies.
In such a gloomy business environment, this undoubtedly represents €200m of golden opportunities for companies who wish to sell into the space supply chain.
My talk emphasised what’s available for companies in this sector, with specific focus on technological and service opportunities for suppliers. Mail me to request a copy.