UK and US have signed a Technology Safeguards Agreement. Now it will be much easier for US firms to promote and sell their rocket hardware in UK.
Undoubtedly, the space launch plan in UK is a major boost for a number of US companies.
Normally, high-level restrictions are applied to the export due to the nature of the equipment.
This agreement will provide an opportunity for reputed companies to start promoting and launching their satellites in Britain too. People in UK might be waiting to see Virgin Orbit and Lockheed Martin.
All the component supply chains might open, as this is not all about rockets.
On Tuesday, an official agreement has been agreed and signed between Christopher Ford, US Assistant Secretary of State for International Security and Non-proliferation, and Dame Karen Pierce, UK’s Washington ambassador.
“This agreement marks an exciting new area for UK-US space collaboration and represents a significant step towards US companies launching from UK spaceports.” UK’s Washington ambassador Dame Karen said in a statement.
Some other steps are also required for the completion of this agreement so that the rockets can be sent to UK.
There are still some regulations that need to be approved for the safe operations, so a consultation will comment on it this summer most probably.
Also, local planning is also required. Next week, the spaceport is likely to be considered in Sutherland, North of Scotland.