Northrop Grumman Completes Scaled Composites Purchase | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

 Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at www.airborne-live.net

Sun, Aug 26, 2007

Northrop Grumman Completes Scaled Composites Purchase

Increases Stake In Aerospace Company To 100 Percent Ownership

Northrop Grumman Corporation reported last week it has completed a transaction that increases its ownership in Scaled Composites, LLC from approximately 40 percent to 100 percent.

As ANN reported, Northrop Grumman announced in July it intended to increase its stake in Burt Rutan's maverick private aerospace company, best known for the Ansari X-Prize award-winning SpaceShipOne, the world's first private manned spacecraft.

The company is currently working on a vehicle currently dubbed SpaceShipTwo with Sir Richard Branson's Virgin Galactic.

Six days after Northrop made its July 21 announcement, Scaled was hit with its first fatal accident -- the loss of three workers during a "cold fire" test of the propellant system to be used on SpaceShipTwo.

Scaled is reportedly looking at the flow of nitrous oxide (more commonly known as laughing gas) through an opening in the system during the test, as a possible cause of the blast.

FMI: www.scaled.com, www.northropgrumman.com

Advertisement

More News

SpaceX to Launch Inversion RAY Reentry Vehicle in Fall

Inversion to Launch Reentry Vehicle Demonstrator Aboard SpaceX Falcon 9 This fall, the aerospace startup Inversion is set to launch its Ray reentry demonstrator capsule aboard Spac>[...]

Aero-News: Quote of the Day (04.23.24)

"We are excited to accelerate the adoption of electric aviation technology and further our journey towards a sustainable future. The agreement with magniX underscores our commitmen>[...]

Aero-News: Quote of the Day (04.20.24)

"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]

ANN's Daily Aero-Linx (04.20.24)

Aero Linx: OX5 Aviation Pioneers Each year a national reunion of OX5 Aviation Pioneers is hosted by one of the Wings in the organization. The reunions attract much attention as man>[...]

Aero-News: Quote of the Day (04.21.24)

"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 04.22.24: Rotor X Worsens, Airport Fees 4 FNB?, USMC Drone Pilot

Airborne 04.19.24: Boom Supersonic, Aviation Alliance, BRM Electric

Airborne Affordable Flyers 04.18.24: Carbon Cub UL, Fisher, Affordable Flyer Expo

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC