Red Bull Stratos Project Back On

Felix Baumgartner tests the mobility of his pressure suit shell during high altitude skydive training over the Mojave desert in preparation for the Red Bull Stratos mission where he hopes to freefall back to Earth from 120,000 feet in 2010. Photo credit: Luke Aikins for Red Bull Media HouseFelix Baumgartner’s stalled plan to set a new skydiving record by free falling from 120,000 feet is back on track now that a lawsuit over the Red Bull Stratos project has been settled.

“I am struggling to find the right words to express my happiness, how relieved and motivated I am that it has finally come to an end,” the Austrian daredevil wrote on his blog on Friday. “At this point I´d really like to THANK ALL OF YOU, Fans, friends, family and project-trackers for your great and persistant [sic] support throughout the last couple of months.”

The effort stalled after a lawsuit was filed by Danial Hogan, who claimed that sponsor Red Bull had stolen the idea after he pitched it to them. In a statement on the Red Bull Stratos website on Friday, the company said the lawsuit has been settled.

“The legal action filed by Daniel Hogan and PerDan, LLC in the Superior Court for the State of California for the Country of Los Angeles entitled Per Dan, LLC, et al. v. Red Bull GmbH, et al., Case No. BC 436456 has been mutually resolved by the parties out of court and the lawsuit has been dismissed.”

The current diving record of 102,800 feet was set by U.S. Air Force pilot United States Air Force Colonel Joseph Kittinger in 1960. Baumgartner expects to become the first person to exceed the speed of sound during the dive.

“As you know we stopped to work completely on this project for seven months,” Baumgartner wrote in an update on Monday. “The next steps will require careful evaluation of the project across all areas.”

Baumgartner’s dive is seen as a precursor to space diving, which some enthusiasts would like to turn into a sport. Those dives would take place from a much higher altitude.