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ATK And Ad Astra Rocket Company Sign Technology Development Alliance
Houston TX (SPX) Mar 27, 2008 On March 17, Alliant Techsystems and the Ad Astra Rocket Company of Houston, Texas signed and executed a Technology Development Alliance designed to strengthen the market presence of the two companies and explore future in-space propulsion systems for lunar and planetary missions. The new alliance will explore how the respective skill sets and capabilities of each company can work together to deliver customer solutions that neither could accomplish on their own. ATK is an industry leader in the production and integration of advanced launch systems and solid rocket motors while Ad Astra specializes in advanced plasma propulsion technologies for operation in the vacuum of outer space. The agreement recognizes that a synergistic coupling of the companies' existing and emerging expertise would result in a stronger, more competitive end-to-end solution to customer needs and requirements in the rapidly evolving commercial and civil space markets. The agreement will facilitate the sharing of sufficient cost, technical and programmatic information in order to assess the teaming advantages that may present themselves on future launch vehicle and rocket propulsion projects. "This relationship opens many exciting opportunities that could be addressed through our combined skill sets. We look forward to developing them to their full potential," said Franklin R. Chang Diaz, Ad Astra's Chairman and CEO. "We see this as a natural extension of ATK's efforts, and a critical link to bridge the gap between existing high-thrust, low-specific impulse propulsion systems and low-thrust, high-specific impulse systems to meet a variety of applications," said Charles J. Precourt, Vice President for Strategy and Business Development for ATK Launch Systems. Related Links The latest information about the Commercial Satellite Industry
Canada Delays Sale Of Space Robotics Firm MDA To ATK
Ottawa (AFP) March 20, 2008Canada on Thursday delayed approval of the sale of its leading space firm MacDonald Dettwiler and Associates to a US defense contractor as opponents of the deal feared a major setback in Canada's space capabilities. |
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