Space News reports that Saturn Satellite Networks has reached a deal to acquire NovaWurks, a California company that builds modular satellites.
Saturn and Novawurks did not disclose the terms of the transaction. Tom Choi, Saturn co-founder and executive chairman, told SpaceNews by email that the deal is “well into seven figures in U.S. dollars.”
Saturn, a firm founded by former executives of fleet operator ABS of Bermuda to build Nationsat, a digital platform for small geostationary satellites, signed a definitive agreement to acquire NovaWurks, a company that has conducted demonstrations of its Hyper Integrated Satlets (HISats) including a 2018 spaceflight demonstration for the U.S. Defense Advanced Research Projects Agency.
Saturn plans to acquire NovaWurks over three years for cash and stocks. Once the deal is completed, NovaWurks will become a wholly owned Saturn subsidiary and its shareholders will become minority shareholders of Saturn.
Through the acquisition, Saturn seeks to accelerate its Nationsat program.
Sometime in 2020, if all goes according to plan, British billionaire Richard Branson will board Virgin Galactic’s SpaceShipTwo VSS Unity at Spaceport America in New Mexico and take the first commercial suborbital space flight in history.
The landmark flight, which Virgin has been trying to conduct for 15 years, will also be the culmination of a 30-year effort by New Mexico to become a commercial space power.
ARLINGTON, Va. (BAE Systems PR) — BAE Systems has been awarded a Phase 2 contract to develop machine learning capabilities aimed to help the military gain better awareness of space scenarios for the U.S. Defense Advanced Research Projects Agency (DARPA).
The goal of DARPA’s Hallmark Tools, Capabilities, and Evaluation Methodology (Hallmark-TCEM) program is to not only develop and evaluate tools and capabilities that increase an operator’s understanding of space events, but also enhance the ability to select effective courses of action for any given situation.
Former NASA Administrator Mike Griffin has had a tumultuous time since taking over as undersecretary of defense for research and engineering in February.
In his role as the Defense Department’s chief technology officer, Griffin has been criticized for his efforts to overhaul the Pentagon’s costly and time-consuming development and procurement of new systems through the newly established Space Development Agency (SDA).
Key personnel have departed as critics have attacked Griffin for what they view as his erratic management and decision making. In addition to SDA, he is in charge of the Defense Advanced Research Projects Agency (DARPA), the Missile Defense Agency (MDA) and the Defense Innovation Unit (DIU).