Northrop to acquire Scaled Composites
Posted: Sat, Jul 21, 2007, 10:40 AM ET (1440 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
|
|
Sunday, February 8
ST Engineering Charts Next Phase of its Space Programme at Space Summit@Singapore Airshow 2026
ST Engineering — 1:03 pm ET (1803 GMT) WISeKey, WISeSat and Latitude Join Forces to Prepare a Future Secure IoT Satellite Constellation
WISeKey — 12:53 pm ET (1753 GMT) DSTA and Digantara partner to advance in space situational awareness
Digantara — 12:51 pm ET (1751 GMT) OHB Hellas and Parsimoni to Build Secure Sovereign In-Orbit Software Platform
Parsimoni — 12:50 pm ET (1750 GMT) AAC Clyde Space issues remuneration shares
AAC Clyde Space — 12:49 pm ET (1749 GMT) |
