Friday, December 26, 2008SpaceX Gets $3.1B NASA ContractHawthorne-based SpaceX, the commercial spaceflight startup headed by former PayPal founder Elon Musk, has scored a contract with NASA that is worth up to $3.1 billion, the firm said earlier this week. According to SpaceX, NASA selected its Falcon 9 launch vehicle and Dragon spacecraft for the International Space Station (ISS) Cargo Resupply Services (CRS) contract award. The contract covers delivery of cargo to the International Space Station, part of a COTS program to fill in deliveries to the (More info...)
posted on Friday, December 26, 2008(Full story)
NextWave Wireless Sells Subsidiary To Management TeamSan Diego-based Nextwave Wireless said Friday that it has sold 75 percent of its IPWireless, Inc. subsidiary to a new entity formed by the the IPWireless senior management team. NextWave Wireless said it sold the stake to IPW Holdings, for $1M plus reimbursement of transaction expenses of up to $500,000. The sale is part of the firm's earlier announcement that it will be discontinuing the network infrastructure business and intent to divest the IPWireless subsidiary. In addition to the sale, Nex (More info...)
posted on Friday, December 26, 2008(Full story)
Teledyne Buys Demo SystemsThousand Oaks-based Teledyne Technologies announced Friday that it has acquired Demo Systems, LLC, based in Moorpark. Demo Systems is a designer and manufacturer of aircraft data loading equipment and software used by commercial airlines, the U.S. military and aircraft manufacturers. Financial terms of the acquisition were not disclosed, however, Teledyne said that Demo Systems had sales of $7.3M for its fiscal year ended December 31, 2007. Teledyne Technologies said the new firm will be combine (More info...)
posted on Friday, December 26, 2008(Full story)