News

The space age for mankind is just ahead. Along with all the achievements we have made, we need an important step to finally say that we are on the verge of that era. This is a step to provide cheap, safe, and stress-free people and goods to Low Earth Orbit (LEO). The current way does not meet any of these conditions. There are several ambitious ideas that would make that dream come true, and one is just about to get started with it. The Canadian Space Agency (CAA) is organizing a two-day event – Dream Chaser for Canada, to be held on 6-7 December, 2017 in their HQ in St. Hubert, Quebec.

The purpose of the event is to provide details about the Sierra Nevada Corporation (SNC) Dream Chaser project and establish a forum for discussions between SNC and Canadian companies and academia involved in space-related research and development activities. The objective is to create synergies and partnership opportunities with SNC, allowing Canadian firms and researchers to contribute their unique expertise to space exploration.

 

Morgan Stanley estimates the space industry, worth about $350 billion today, will grow into an economy worth more than $1.1 trillion by 2040, a team of analysts wrote in a note Thursday.

Private companies from the likes of Elon Musk and Jeff Bezos are driving much of the recent innovation in the industry, and Morgan Stanley admits investment opportunities are limited. Look to companies providing and benefiting from internet bandwidth, the firm says, where most of the upcoming value in the space industry will come.

You can find more information on the report via this link.

The second edition of the Space Tech Expo Europe will be returning to Bremen – a centre of space excellence, from 24 to 26 October 2017. The exhibition is Europe’s premier B2B Space engineering event for spacecraft, satellite, launch vehicle and space related technologies and draws attendance from thousands of industry leaders, decision makers, engineers, specifiers and buyers to meet manufacturers and the supply chain for civil, military and commercial space.

This free-to-attend exhibition will showcase the very latest technology for the designing, manufacturing and testing of spacecraft, satellite, launch vehicle and space-related technologies, bringing together engineers, systems integrators, contractors and suppliers in commercial, government and military space.

In cooperation with Enterprise Europe Network Bremen the exhibition offers attendees the opportunity to participate in a complimentary B2B Matchmaking Service to connect with other businesses on a one-to-one basis.

You can find more information, as well as participation details, via this link.

Northrop Grumman Corporation, a leading global security company, and Orbital ATK, Inc., a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman will acquire Orbital ATK for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. Orbital ATK shareholders will receive all-cash consideration of $134.50 per share. The agreement has been approved unanimously by the Boards of Directors of both companies. The transaction is expected to close in the first half of 2018 and is subject to customary closing conditions, including regulatory and Orbital ATK shareholder approval.

You can find out more about this acquisitoin via this link.