PLD Space Receives $2.4 Million for Smallsat Launcher

ARION 1 & 2 technology demonstration. (Credit: PLD Space)

PLD Space of Spain has received nearly 2 million euros ($2.4 million) from the European Commission to continue development of its reusable ARION 1 and ARION 2 launch vehicles.

ARION 1 is a suborbital booster that PLD Space plans to begin launching later this year.  The company said the rocket will validate 70% of the technologies required for ARION 2, which will place payloads weighing as much as 150 kg (331 lbs) into low Earth orbit.