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 09.29.14 ** HD iPad-Friendly -- Airborne 09.29.14**
** Airborne 09.26.14 ** HD iPad-Friendly -- Airborne 09.26.14 **
** Airborne 09.24.14 ** HD iPad-Friendly -- Airborne 09.24.14 **

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

AeroSports Update: 38th World Military Parachuting Championship

Countries From Around The World Participated In The 38th World Military Parachuting Championship Competition In Indonesia The competition is part of a program administered through >[...]

ANN's Daily Aero-Linx (10.01.14)

NBAA/CAN Soiree One of the much-anticipated events of the NBAA conference, being held this year in Orlando.>[...]

ANN's Daily Aero-Term (10.01.14): Fixed Slot

A fixed, nozzle shaped opening near the leading edge of a wing that ducts air onto the top surface of the wing.>[...]

Aero-News: Quote Of The Day (10.01.14)

“SNC is offering access to crewed or uncrewed space missions." Source: John Roth, vice president of business development for SNC’s Space Systems.>[...]

ANN FAQ: Feel The Propwash!

Get Aero-News Delivered To Your E-Mail We know you, like many of our readers, make it a point to check out the latest news and information daily on Aero-News... but did you know th>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC