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Northrop Grumman to own SpaceShipOne builder (Burt Rutan sells to Northrup Grumman)
International Herald Tribune/AP ^ | July 20, 2007 | staff

Posted on 07/20/2007 6:57:21 PM PDT by saganite

LOS ANGELES: Northrop Grumman Corp. has agreed to buy the company that built the first private manned rocket to reach space, it was announced Friday.

Northrop earlier this month agreed to increase its stake in Mojave, California-based Scaled Composites LLC from 40 percent to 100 percent, said company spokesman Dan McClain.

Northrop, a major defense contractor, would not disclose the value of the deal, which still needs regulatory approval.

"We went from a partial owner to the owner of the company," McClain said.

Northrop and Scaled said the new ownership would not affect Scaled's operations. Maverick aerospace designer Burt Rutan will remain at the helm of Scaled and the management team will remain intact, McClain said.

(Excerpt) Read more at iht.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: northrupgrumman; rutan
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Looks like Burt decided he needed the big boys clout and money to help get his project up and running That surprises me. He's always been independent but I guess he needed their resources.
1 posted on 07/20/2007 6:57:22 PM PDT by saganite
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To: saganite

That or they made an offer he couldn’t refuse.


2 posted on 07/20/2007 7:00:13 PM PDT by DB
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To: saganite
Northrop Grumman Corp. has agreed to buy the company that built the first private manned rocket to reach space, it was announced Friday.

What!!!!

What about that Virgin Atlantic guy? What's he gonna do now? What of all those prospective space tourists? How are they going to reach the fringes of space with Burt having sold out for the money?

Hey, perhaps they can now invest their 20+ thousand dollars in the stock market now and end up even richer? Then they can all purchase a $20 million trip to the space station via Russia?
3 posted on 07/20/2007 7:06:21 PM PDT by adorno
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To: saganite
Reminds me of Microsoft always buying out the companies with good ideas, but unable to turn down the cash.

Hope this is a win win deal.

4 posted on 07/20/2007 7:12:30 PM PDT by BallyBill (Serial Hit-N-Run poster)
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To: adorno

Rutan is only providing the hardware to Branson. Scaled composites is seperate from Branson’s operation. It’s like Boeing vs Delta. Rutan must have realized he neede more resources at his disposal to achieve his follow on goal, an orbital capability as opposed to the suborbital ship hes building. I hope he doesn’t get shuffled aside in the process.


5 posted on 07/20/2007 7:15:35 PM PDT by saganite (Billions and billions and billions----and that's just the NASA budget!)
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To: adorno

I’m less than 20 miles from where the company is based and know a lot of people that work there.

They are still building the “space ships” for Virgin Galactic. Northrop is buying the company that provides these ships to Virgin Galactic. Just like how Boeing sales aircraft to many airlines.

Actually the Spaceship One program is only a small amount of the work this company does. They do a lot of other government work that is mostly classified. I have heard rumors of what some of it is, but I would never put it in writing, especially on the Internet. We don’t want the “bad guys” to know what they might be up against in the future.


6 posted on 07/20/2007 7:15:51 PM PDT by CCGuy (USAF (Ret.))
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To: adorno
It really helps if you read the article.

Both companies said the ownership will also have no effect on Scaled's partnership with Virgin Galactic, a space travel company founded by British entrepreneur Richard Branson that is selling suborbital space rides for $200,000 (€144,900) a piece. Branson has ordered a fleet of commercial suborbital spaceships under development by Scaled.

7 posted on 07/20/2007 7:15:56 PM PDT by SunTzuWu
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To: DB; Millee; carlr; Maximus of Texas; EX52D; StephenTX; wallcrawlr; Auntbee; Shimmer128; blackie; ...
Re: That or they made an offer he couldn’t refuse.

It was... the least I could do.

But I need... to wet my beak...

Speaking of beaks, I offered Burt... six franchises in Terre Haute.

But Colonel, that's... obscene!

Not... if you like chicken!

8 posted on 07/20/2007 7:17:21 PM PDT by Bender2 (A 'Good Yankee' comes down to Texas, then goes back north. A 'Damn Yankee' stays... Damn it!)
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To: saganite

You’re likely talking about going to Mars; Ma and Pa can’t do that on their own...


9 posted on 07/20/2007 7:18:00 PM PDT by rickdylan
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To: rickdylan

I don’t think Burt aspires to going to Mars. He’s working on the requirement for Branson’s suborbital program and his (Rutan’s) desire to build a truly orbital spaceship which would help fulfill the requirement for low cost access to near space. With Bigelow’s success at building space habitats that would provide access to near space. Rutan has definite opinions about NASA and it’s space program but to my knowledge he’s never proposed that he could build a Mars type vehicle. That’s for next year. ;^)


10 posted on 07/20/2007 7:24:45 PM PDT by saganite (Billions and billions and billions----and that's just the NASA budget!)
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To: saganite

Yeah, well Burt sold out once before to the big guys and that marriage did not last. The Beech/Starship deal was a disaster when the big corp. designers got their hands on it.
Burt will get fed up with this deal too as he is not a corporate guy.


11 posted on 07/20/2007 7:25:28 PM PDT by biff
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To: biff

The FAA screwed up the Starship, not Burt ot Beech.


12 posted on 07/20/2007 7:26:40 PM PDT by saganite (Billions and billions and billions----and that's just the NASA budget!)
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To: SunTzuWu
It really helps if you read the article.

My bad.

But, does anyone really believe that Northrup/Grumman is going to spend any time or effort in honoring that part of the deal? In a few months time, everyone will forget that part.
13 posted on 07/20/2007 7:47:07 PM PDT by adorno
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To: saganite

How so?


14 posted on 07/20/2007 7:57:15 PM PDT by biff
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To: biff

The FAA mandated additional structural requiremants that added to the weight of the aircraft that reduced performance and required a 2 man crew as opposed to 1.


15 posted on 07/20/2007 8:09:55 PM PDT by saganite (Billions and billions and billions----and that's just the NASA budget!)
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To: KevinDavis
Ping!
16 posted on 07/20/2007 9:05:05 PM PDT by SunkenCiv (Profile updated Wednesday, July 18, 2007. https://secure.freerepublic.com/donate/)
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To: swatbuznik; Potts Mtn. Pappy; Kevmo; wastedyears; dragonblustar; ssaftler; LucyT; Old Student; ...

17 posted on 07/21/2007 5:53:43 AM PDT by KevinDavis (Mitt Romney 08)
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To: saganite

Rutan probably will get shunted aside. That’s the way big corporations work. Buy a startup company with a good idea & the entrepreneur gets it in the neck. Either that or Rutan will wake-up one day and realize that he doesn’t like working for a major corporation.


18 posted on 07/21/2007 8:06:19 AM PDT by Tallguy (Climate is what you plan for, weather is what you get.)
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To: Tallguy

I know Rutan doesn’t like working for anyone else. I’m guessing he sold the company because he plans to move on. He never really works well with others and he must have something else in mind that he wants to do.


19 posted on 07/21/2007 9:10:06 AM PDT by saganite (Billions and billions and billions----and that's just the NASA budget!)
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To: Tallguy
Rutan probably will get shunted aside. That’s the way big corporations work. Buy a startup company with a good idea & the entrepreneur gets it in the neck. Either that or Rutan will wake-up one day and realize that he doesn’t like working for a major corporation.

Gee I don't know about that, not in this case. If it were some startup by who knows who; then yea, I could see that.

But Burt is a proven designer who has repeatedly shown he can think outside the box, and build some astonishing aerospace craft.

There used to be a guy by the name of Northrop, that thought that way.

20 posted on 07/21/2007 11:46:18 AM PDT by AFreeBird (Will NOT vote for Rudy. <--- notice the period)
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