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, May 25
A milestone for HKSAR on Shenzhou XXIII
China Daily — 3:29 am ET (0729 GMT) Hong Kong’s first astronaut Lai Ka-ying among Shenzhou-23 crew entering Tiangong space station
South China Morning Post — 3:27 am ET (0727 GMT) Orbital data centres, extraterrestrial energy: Detailing Musk’s ambitions with $1.75 bn SpaceX IPO
Indian Express — 3:26 am ET (0726 GMT) SpaceX’s IPO Is a Bet Gravity Doesn’t Apply to Elon Musk
Wall Street Journal — 3:22 am ET (0722 GMT) SpaceX's galaxy math
Axios — 3:22 am ET (0722 GMT) |
