Sunday, November 25, 2012

Applied Aerospace Structures lands cargo spacecraft deal - San Francisco Business Times:

xysecurakihir.blogspot.com
Stockton-based Applied will do the workfor (NYSE: ORB) of Va., which got the original contract from NASA earliet this year. Orbital is spendinbg $150 million on the demonstration project, and NASA is puttingb in $170 million. Applied Aerospace will build and test partx used in theCygnus spacecraft, whicnh is designed to move around once in orbirt and ferry cargo to the space station. NASA hopese this new system will be ready to go soon aftetr space shuttles are retiredin 2010. Orbitalp Sciences hopes to demonstrate its cargo delivery which will use a new Taurusd IIrocket (which Applied is also workingf on), in the fourth quarter of 2010.
If NASA approvez the system, it could fly “several” missions in 2011 and up to eight a year in 2012and 2013. Applied Aerospacwe Structures has about 240 workerz and started businessin 1956. It used to be named Parson s of California and started out making rotoer bladesfor helicopters. Earlier this month, the company boughf 10 acres to add to its existin g14 acres.

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