Boeing wins rocket bid in NASA's lunar program |
| MarketWatch - Aug 29, 2007 |
Boeing Co. edged a key rival to win a contract to work on the rockets NASA will use to return astronauts to the moon, the U.S. space agency said late Tuesday.
The National Aeronautics and Space Administration said it chose Boeing as the contractor to design and build the upper stage of the Ares 1 rocket, which will help carry a crew of astronauts into space - over and over, if NASA's plans come through.
Ares and the Orion crew vehicle, the conical capsule that will sit atop the rocket, are set to become NASA's next vehicle for space transport when it retires its last space shuttle in 2010.
In winning the $514.7 million contract, the Boeing-led team beat out Alliant Techsystems, the Edina, Minn. firm that nabbed an $1.8 billion contract to work on the lower, or first stage, of the Ares 1 rocket earlier this month.
Read Full Article from MarketWatch
- Posted: 2007-08-29 08:01:23
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
