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, August 11
Russia rolling out Starlink-style network faster than expected, Kyiv says
Reuters — 5:00 am ET (0900 GMT) Musk: Starlink To Grow Beyond 100,000 Satellites With Higher Throughput
Aviation Week — 5:00 am ET (0900 GMT) U.S. space and missile defense at center stage in Huntsville, Alabama
Washington Times — 4:57 am ET (0857 GMT) Voyager Wins Space Force Tactical Data Link Comms Work
Aviation Week — 4:55 am ET (0855 GMT) Kepler Selects Rocket Lab's Neutron for First Dedicated Launch as Network Expansion Accelerates
GlobeNewswire — 4:54 am ET (0854 GMT) |
