SpaceX Gets NASA Contract

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By
Muhammed El-Hasan
on February 20, 2008 10:04 AM | | Comments (0) |

AP - NASA has picked two aerospace companies to develop a new commercial spaceship capable of flying cargo to the international space station.

The announcement Tuesday comes four months after the space agency reopened bidding after an original winner failed to secure enough private financing for its project.

NASA is giving $170 million to Virginia-based Orbital Sciences Corp. (nyse: ORB - news - people ), which makes small rockets and small systems. The other company receiving part of nearly $500 million NASA set aside in 2006 to promote development of private spacecraft is SpaceX, a startup based in El Segundo.

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This page contains a single entry by Muhammed El-Hasan published on February 20, 2008 10:04 AM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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