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
|
|
Saturday, November 8
Globalstar Announces Third Quarter 2025 Financial Results
Business Wire — 8:41 am ET (1341 GMT) All eyes on Blue Origin as New Glenn prepares for high-stakes launch
WESH-TV Orlando — 8:38 am ET (1338 GMT) NASA's Escapade Mission May Finally Reveal How the Martian Atmosphere Works
CNET News.com — 8:37 am ET (1337 GMT) SpaceX Buys $2.6B More EchoStar Spectrum
Aviation Week — 8:33 am ET (1333 GMT) Globalstar stays mum on rumored sale of company
FierceWireless — 8:32 am ET (1332 GMT) |
