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
|
|
Monday, June 8
SpaceX: Falcon 9 rocket set to launch Starlink satellites from Florida
WOFL-TV Orlando — 6:35 am ET (1035 GMT) SpaceX launches 29 Starlink satellites from Cape Canaveral
WESH-TV Orlando — 6:34 am ET (1034 GMT) What the ‘Dean of Valuation’ Thinks Elon Musk’s SpaceX Is Really Worth [$1.3T]
Wall Street Journal — 6:32 am ET (1032 GMT) Is Elon Musk’s SpaceX Really Worth $1.75 Trillion?
The New Yorker — 6:28 am ET (1028 GMT) SpaceX's retail-investor push is raising some red flags
Business Insider — 6:28 am ET (1028 GMT) |
