Spectrum Astro's Factory of the Future Fully Financed

SPACEMART

The manufacturing facility is dedicated to the manufacture, integration, and final assembly of high performance space systems, providing 124,200 square feet of manufacturing and test space.

Gilbert - Jan 14, 2003
Spectrum Astro announced today that financing for its all-new aerospace manufacturing facility, the "Factory of the Future," is complete and construction will accelerate beginning January 13, 2003.

The final financing for the project was a $10 million completion loan provided by Bank of America and Comerica Bank to cover final construction of the building and a $2 million lease provided by CG Commercial Funding for mechanical systems.

The new facility, located two miles from the privately held company's headquarters in Gilbert, Arizona, is dedicated to the manufacture, integration, and final assembly of high performance space and missile defense systems and will include state-of-the-art equipment that brings the total cost of the facility to over $30 million. The building is scheduled for completion by February 2004.

Joe E. Woods is the general contractor and Deutsch Associates is the architect for the facility that will provide 115,200 square feet of manufacturing and test space allowing the production of more than 20 space vehicles simultaneously.

The loans are in addition to the nearly $10 million already invested by Spectrum Astro in the immediate construction, adjacent lands, and utility infrastructure.

State-of-the-art equipment includes a thermal vacuum chamber, an acoustics chamber, shock and vibration test systems, and an Electromagnetic Interference/ Electromagnetic Compatibility (EMI/EMC) facility, all utilizing the latest data acquisition and control systems. The facility also includes modal and static load test capability and all integration and test areas are located in class 100K clean rooms.

Spectrum Astro is a privately held, rapidly growing high technology company, specializing in the design, development, integration, test, and production of high performance satellites and space-based satellite systems and subsystems for sophisticated defense, science, and commercial opportunities.

SPACEMART

Construction Underway On Spectrum Astro's 'Factory Of The Future'

Gilbert - Jan 14, 2002
Construction of Spectrum Astro's all new satellite manufacturing facility called the "Factory of the Future" moved into full operation on December 27, 2001 the company said last week.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.