Satellite developer and operator York Space Systems said on Thursday that it has agreed to buy Australia's Outlook Industries, a developer of uncrewed ground vehicles, which takes York into a new market. It plans to move production of at least one of Outlook's vehicles, the Shadow, to the US.

The terms were not disclosed. York said the costs of the deal were too small to require a Form 8-K filing with the Securities and Exchange Commission.

Source: Defense Daily

Background

York Space Systems

Satellite company

US satellite developer and operator that agreed to buy Outlook Industries.

Outlook Industries

Ground robot maker

Australian company that develops uncrewed ground vehicles.