XCOR announces South Korean deal
Posted: Fri, Dec 18, 2009, 6:54 AM ET (1154 GMT)
Suborbital vehicle developer XCOR Aerospace announced Thursday that it has won a contract to provide suborbital flight services for a South Korean organization. XCOR Aerospace said that Yecheon Astro Space Center had agreed to a "wet lease" of a Lynx Mark 2 vehicle, with XCOR providing and operating the vehicle for space tourism and other missions. The deal is valued at $30 million, with Yecheon forming a "broad coalition" of regional and national organizations to fund the project. The deal would require XCOR to get export control approvals from the US government, and South Korea to establish an appropriate regulatory framework for commercial suborbital flights.
Suborbital vehicle developer XCOR Aerospace announced Thursday that it has won a contract to provide suborbital flight services for a South Korean organization. XCOR Aerospace said that Yecheon Astro Space Center had agreed to a "wet lease" of a Lynx Mark 2 vehicle, with XCOR providing and operating the vehicle for space tourism and other missions. The deal is valued at $30 million, with Yecheon forming a "broad coalition" of regional and national organizations to fund the project. The deal would require XCOR to get export control approvals from the US government, and South Korea to establish an appropriate regulatory framework for commercial suborbital flights.| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, September 25
New tests for rendezvous and docking interoperability
ESA — 5:24 am ET (0924 GMT) Poland says Starlink fire was sabotage
POLITICO — 5:23 am ET (0923 GMT) Inside NZ’s little-known role in an international military space operation
Stuff.co.nz — 5:20 am ET (0920 GMT) Iridium Stockholders Approve Acquisition by Rocket Lab
PR Newswire — 5:19 am ET (0919 GMT) SpaceApps Hitches Blue Origin MK1 Lander Ride For Lunar Rover Mission
Aviation Week — 5:17 am ET (0917 GMT) |
