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
|
|
Tuesday, September 22
Galileo achieves first civil authenticated position fix under spoofing conditions
GPS World — 6:37 am ET (1037 GMT) Will Russia have its own Starlink?
Deutsche Welle — 6:37 am ET (1037 GMT) There’s a Space Weapon Circling the Planet. Here's What We Know.
National Geographic — 6:35 am ET (1035 GMT) Gov. Mike DeWine assembles team to make Ohio’s case for U.S. Space Academy
Cleveland Plain Dealer — 6:33 am ET (1033 GMT) Moreno Leads Ohio’s Push to Bring Space Force Academy to Ohio
US Senate — 6:33 am ET (1033 GMT) |
