Northrop to acquire Scaled Composites
Posted: Sat, Jul 21, 2007, 9:40 AM ET (1340 GMT)
Northrop Grumman confirmed Friday that it has acquired Scaled Composites, the developer of the SpaceShipOne and SpaceShipTwo suborbital spacecraft. Northrop, which previously acquired 40 percent of the Mojave, California-based company, increased its stake to 100 percent in a transaction earlier this month. A formal announcement about the deal is expected to be made on Monday. The acquisition will not affect the ongoing development of SpaceShipTwo, a suborbital commercial passenger spacecraft, for space tourism company Virgin Galactic.
Northrop Grumman confirmed Friday that it has acquired Scaled Composites, the developer of the SpaceShipOne and SpaceShipTwo suborbital spacecraft. Northrop, which previously acquired 40 percent of the Mojave, California-based company, increased its stake to 100 percent in a transaction earlier this month. A formal announcement about the deal is expected to be made on Monday. The acquisition will not affect the ongoing development of SpaceShipTwo, a suborbital commercial passenger spacecraft, for space tourism company Virgin Galactic.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Tuesday, February 9
Calling ET: Your chance to send a message to alien life
The Daily Telegraph — 7:42 am ET (1242 GMT) CU-equipped craft to launch on Wednesday
Denver Post — 7:41 am ET (1241 GMT) Crew inspects shuttle after launch, heads for space station
CNN — 7:40 am ET (1240 GMT) Endeavour Inspection Shows No Launch Damage
Central Florida News 13 — 7:40 am ET (1240 GMT) What's next? No rush. 'We've got plenty of time'
Huntsville Times — 7:40 am ET (1240 GMT) |