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-09.16.24

Airborne-NextGen-09.17.24

 Airborne-Unlimited-09.18.24

Airborne-FlightTraining-09.19.24

Airborne-Unlimited-09.20.24

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

ANN's Daily Aero-Term (09.17.24): Instrument Approach Procedure (IAP) Charts

Instrument Approach Procedure (IAP) Charts Portray the aeronautical data which is required to execute an instrument approach to an airport. These charts depict the procedures, incl>[...]

Aero-News: Quote of the Day (09.17.24)

“Our industry is approaching a 30-year innovation cycle, and we have less than 25 years to decarbonize aviation. We need to develop new methods to get net zero aerospace tech>[...]

Airborne 09.16.24: Bristell Shooting, EAA v FAA, Boeing Strike!

Also: Girls in Aviation Day, B-29 Doc Heads 4 Chino, C-17 Tail Cone Detaches, Bulgaria Airshow Accident One of two private aircraft that launched from Apatity Airport near Murmansk>[...]

Classic Aero-TV: CubCrafters NX Cub-A Stunning Effort To Build The ‘Perfect Cub'

From 2021 (YouTube Version): We Were Blown Away At How Well The Nosewheel Was Adapted To The X Cub Airframe It should not be a secret to any one of you, that with thousands of hour>[...]

Airborne 09.18.24: Boom XB-1 3rd Test, DJI Ban, SubSonex To EAA Museum

Also: Volato Nixed by Honda, New B-21 Bases, A-10 Unit Inactivated, Gogo/Airshare Boom Supersonic announced its demonstrator aircraft XB-1 successfully completed its third test fli>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 09.20.24: Musk May Sue FAA, Van's Parts Issues, USMC Honors Hero

Airborne-Flight Training 09.19.24: ATP Sued, USAF TPS Update, SWA Training

Airborne 09.18.24: Boom XB-1 3rd Test, DJI Ban, SubSonex To EAA Museum

See All

Advertisement

Podcasts

Advertisement

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