Swedish Space Corporation Invests In Orbital Recovery | 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 03.02.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Airborne Hi-Def On YouTube

Airborne 03.02.15

Airborne 02.24.15

Airborne 02.25.15

Airborne 02.26.15

Airborne 02.27.15

Wed, Sep 08, 2004

Swedish Space Corporation Invests In Orbital Recovery

Will Help Finance ConeXpress OLEV

The Swedish Space Corporation is in advanced negotiations on a significant strategic investment in Orbital Recovery.

When completed, the Swedish company will join Dutch Space of The Netherlands as part of the team that is financing the design and development of Orbital Recovery’s ConeXpress Orbital Life Extension Vehicle (CX OLEV) space tug.

"Swedish Space Corporation is strategically very important for us, and this further demonstrates our commitment to European industry and know-how," said Orbital Recovery Ltd. Chief Executive Officer Phil Braden. "The company will bring to our team its significant and unique experience, most recently as prime contractor for Europe’s SMART-1 lunar exploration spacecraft. Launched in September 2003, SMART-1 currently is en-route to the moon using the same electric propulsion and data handling systems proposed for the CX OLEV."

Orbital Recovery recently successfully completed its mid-term review of the B1 Phase of its program, which is funded by the company and the European Space Agency under its ARTES 4 Public-Private Partnership initiative.

The CX OLEV will serve as an orbital "tugboat" - providing the propulsion, navigation and guidance required to maintain telecommunications satellites in their proper orbits for years beyond the normal fuel depletion. Primary mission of the CX OLEV will be to prolong the in-service lifetimes of expensive geostationary orbit telecommunications satellites, which currently are junked when their on-board fuel supply runs out. The space tug will also be equipped for other essential services to operators, such as to provide the graveyard burn or effect plane changes for inclined satellites.

The marketing campaign the CX OLEV is also underway, and advanced discussions are being held with several operators for early missions of the space tug. As a result, allocation of flight opportunities has begun, and the initial launch slots are in the process of being assigned.

FMI: www.orbitalrecovery.com

Advertisement

More News

Airborne 03.02.15: HeliExpo, UAL Pilot Warning, WWII Flyover, RAF Aids In WV

Also: Blue Angels, Fuel Taxes, Twirly Birds, Bell 429WG, Delta Selects GoGo It’s common for airlines to issue numerous safety notice to flight crews, but United Airlines issu>[...]

EASA Certifies Continental MotorsÂ’ CD-155 Engine For DA42 TDI

Now Approved For European Installation, FAA Certification Pending EASA has certified Continental Motors Group CD-155 hp Jet-A diesel engine option for installation in the Diamond t>[...]

Counting Down! ANN's Infamous April 1st Edition's Just Around The Corner!

Get Your Wacky Ideas In NOW! ANN E-I-C Note: Folks... we gotta warn you... based on all the nonsense we've had to endure in 2014-2015 (which we are duty-bound to lampoon), this may>[...]

ANN's Daily Aero-Linx (03.03.15)

How Planes Work Need a great illustration of an airplane, clearly labeled, so you can explain -- again -- why planes stay up in the air? This is a good illustration; maybe they'll >[...]

ANN's Daily Aero-Term (03.03.15): Have Numbers

Used by pilots to inform ATC that they have received runway, wind, and altimeter information only.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC