 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
ATK To Acquire Space Systems Company
ATK has agreed in principle to acquire the PSI Group, which includes Pressure Systems, Programmed Composites, and Able Engineering Company. PSI Group is a leading manufacturer of satellite components and propellant tanks. PSI provides mission-critical components for the emerging needs of the US military, including next-generation global positioning, navigation and communication satellites. The acquisition will strengthen ATK's core space- based capabilities by increasing the company's content on missions, thereby expanding market opportunities. Pending federal regulatory review and approval, the acquisition, which will be accretive to earnings, is expected to close in mid-August. Headquartered in Commerce, Calif., PSI has annual revenues of approximately $100 million and employs approximately 350 people. With its focus on state-of-the art technologies, PSI will join ATK's Advanced Propulsion and Space Systems (APSS) group. Don Shaffer, group vice president, APSS, said PSI's capabilities strengthen the company's portfolio as a system level integrator for satellite structures and other spacecraft. "The acquisition enhances our ability to provide the most advanced space systems in the world," said Shaffer. "Combined with ATK's existing composite and propulsion technologies, we are well positioned to capture emerging opportunities in spacecraft integration and satellite technology." PSI is the world's largest provider of pressure tanks for satellites and launch vehicles. It is also a leader in the development of deployable, telescoping booms for launch and recovery of space hardware. Its solar array substrate capability, unmatched in the industry, is critical to power generation throughout a spacecraft's life. In addition, PSI is an industry leader in manufacturing composite satellite bus structures, panels, and reflectors for space-based applications. New York-based Windward Capital Partners is the majority owner of the PSI Group. Related Links ATK SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express 
IST Debuts Its Stationary Plasma Thrusters On Loral-Built MBSAT Satellite
Palo Alto CA (SPX) Jun 29, 2004International Space Technologies, Inc. (ISTI), a developer of stationary plasma thrusters (SPT) used to keep satellites on station, announced Monday that its SPTs have been successfully deployed, tested and are now being used in routine on-station operations on the recently launched MBSAT satellite, built by Space Systems/Loral (SS/L), Palo Alto, Calif. for Mobile Broadcasting Corporation (MBCO) of Japan and SK Telecom of Korea.
|
|
| |||||||||
| 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. |
