DED welcomes Futron report into Island's space sector

The Department of Economic Development has welcomed the findings of a report from the Futron Corporation, a US-based aerospace consultancy into the Island’s Space sector.

The latest report provides an update to their original findings from February 2011 and highlights the fact that the Isle of Man was the only jurisdiction reviewed for which ‘no negative changes in competitiveness’ were noted and that it maintains its status as a ‘niche innovator’ in the global Space sector.

Tim Craine, Director of Business Development, Department of Economic Development, says the latest findings from the Futron study highlight the continued growth and success of the Isle of Man’s space sector over the last 18 months. He says the success is testament to the unique approach we take in focusing on the public/private partnership between Government and industry.

Since the last Futron study carried out in February 2011, there has been a number of exciting developments including the use of laser optics components manufactured by a Manx company on the Curiosity Rover which landed on Mars earlier this year.