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
|
|
Thursday, January 30
Sierra Space’s Dream Chaser Spaceplane Successfully Passes NASA Testing Milestone in Preparation for Launch
Sierra Space — 5:24 am ET (1024 GMT) Dream Chaser Clears Key Pre-Space Mission Test Hurdle
Aviation Week — 5:24 am ET (1024 GMT) Texas Space Commission approves $21.5 million in grants
San Antonio Express-News — 5:23 am ET (1023 GMT) Britain takes stake in SpaceX rival Orbex to boost space ambitions
CNBC — 5:20 am ET (1020 GMT) Scandinavian Airlines partners with SpaceX for free in-flight Starlink services
Teslarati — 5:20 am ET (1020 GMT) |
