XCOR May Be Headed For Midland, TX | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.11.17

Airborne 01.12.17

Airborne 01.13.17

Airborne Hi-Def On YouTube

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.11.17

Airborne 01.12.17

Airborne 01.13.17

Mon, Jul 09, 2012

XCOR May Be Headed For Midland, TX

City Council, Economic Development Entity To Vote Monday On Incentive Package

XCOR, which is developing the Lynx suborbital spacecraft, is considering a move out of Mojave, CA for Midland, TX, according to several media reports. The Midland City Council and the Midland Development Corporation (MDC) will reportedly vote Monday on whether to approve an incentive package for the commercial space company.

The incentive package is reportedly worth about $10 million, and would establish XCOR's corporate headquarters in Midland, according to a report in the Midland Reporter-Telegram. MDC board secretary Robert Rendall told the paper that he was not aware that "this industry is as mature as it is. I'm excited we've got the opportunity to get in on the ground floor."

XCOR said that Midland has been on its short list for a while, citing a business-friendly climate as well as open space around Midland International Airport. XCOR COO Andrew Nelson also said the weather was an enticement.

The incentive package breaks down like this; $2 million for establishing the headquarters in Midland, $3 million toward lease payments and capital improvements on the existing hangar, and $5 million in performance incentives tied to payroll requirements which would increase each year. The target number for XCOR would be a $12 million payroll within five years.

The XCOR incentive package is on the agenda for a special meeting of the MDC to be held Monday.

One source at XCOR said that the company would be "expanding" into Midland, and not decamping from Mojave entirely. And, the Space News Journal notes that Midland International Airport does not hold a launch site operators license, meaning it is not one of the U.S.'s designated spaceports, and it is not known if they plan to seek such a license.

A news conference is scheduled for Monday afternoon in Midland.

FMI: www.xcor.com, www.ci.midland.tx.us, www.midlandtxedc.com

Advertisement

More News

Airborne 01.13.17: G650ER Record Streak, False Drone Hit, Piper Archer Sale

Also: Parrot Layoffs, CES/AMA Expo/KSMO, 737 SAIB, Piper PA-31T, John Pope, Washington State, JetBlue Disturbance Pending sanctioning from the recognizing organizations, it looks l>[...]

Aero-News: Quote of the Day (01.16.17)

"But, all is not right in NIMBYville... the internal infighting among the foes of the airport has become quite public and quite vicious. Anti-airport NIMBYs are accusing the city g>[...]

Disorganized/Combative Santa Monica Anti-Airport Foes Threaten Av-Businesses

February 4th 'Protest' Promises Disruptions Of Law-Abiding Aero-Businesses The foes of aviation surrounding Santa Monica are making threats to further disrupt aviation business at >[...]

Klyde Morris (01.16.17)

Klyde Jumps On The Medical Reform Bandwagon... and Misses FMI: www.klydemorris.com>[...]

Duncan Aviation Publishes Updated ADS-B Straight Talk Book

Updates Information Originally Published In 2015 Duncan Aviation wants to ensure that our customers, who share our passion for flying, are well-informed when it comes to the FAA&rs>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC