posted on Jul, 24 2007 @ 01:11 AM
It's actually sort of old news but I haven't seen anything posted on it so here goes...
Northrop Grumman has come to an agreement with famed aircraft designer Burt Rutan to purchase Scaled Composites, the company that won the 1st Space X
Prize with Spaceship One in 2004. The sale will become final in August if it meets all regulatory standards.
It is said that this move will not pollute the vision of Scaled, just give them more capital to play with. It not only puts Northrop in the Spaceplane
business but it deepens the toybox that Scaled Composites can dig in for their military UAV projects.
"Northrop Grumman to add to space
": Newsday.Com, July 23, 2007