Orbital ATK awarded contract by NASA to research aerospace propulsion technologies.
M2 EQUITYBITES-September 22, 2015-Orbital ATK awarded contract by NASA to research aerospace propulsion technologies
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Orbital ATK Inc (NYSE: OA), a provider of aerospace and defence technologies, announced on Monday that it has been awarded a Research and Technologies for Aerospace Propulsion Systems 2 (RTAPS2) contract by NASA to provide advanced space propulsion system technologies.
Financial details of this contract were not available. This award was made to Alliant Techsystems Operations LLC, a wholly-owned subsidiary of Orbital ATK.
NASA developed the RTAPS2 contract as part of aerospace research activities at the agency's Glenn Research Centre in Cleveland, Ohio.
Reportedly, RTAPS2 makes it possible for qualified industry partners to develop, demonstrate and verify advanced propulsion system technologies as part of NASA's aerospace research programmes.
Research and development efforts in these technologies will address a wide variety of propulsion issues for subsonic, supersonic, hypersonic and rotorcraft transportation vehicles, as well as addressing issues pertaining to aviation safety and space exploration missions.
According to Orbital ATK, its team consists of over a dozen established technology partners and small businesses. Under Orbital ATK's direction they will research and develop space propulsion technologies that enable higher mission performance, reduced cost, improved operability and reliability and greater safety.
Elements of the space propulsion award include liquid engine systems, propellant systems, electric propulsion and rocket-based combined cycle, the company added.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 22, 2015|
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