This is of some interest. They have developed an impressive rocket that looks to handle suborbital launches on a commercial basis. I have been following them while they have developed working prototypes of the new Lynx engine. This partnership will continue the development at a quicker pace.
This will perhaps remain a solution looking for a business problem to solve, but it is progressing technically rather well.
Go to the XCOR site to see videos of flight and engine tests.
Hopefully this agreement accelerates the XCOR program as promised and we continue to hear a lot about it.
FOR SUBORBITAL OPERATIONS
December 17th - 18th, 2009, Mojave, CA,
USA and Yecheon-gun, ROK: The announced today that it has selected XCOR Aerospace as its preferred supplier of suborbital space launch services. Operating under a wet lease model, XCOR intends to supply services to the Center using the Lynx Mark II suborbital vehicle, pending Yecheon Astro Space Center United States government approvals to station the vehicle in the . Republic of Korea
XCOR is committed to working with the US Department of State, Department of Defense, Department of Commerce and other agencies of the US government to comply with relevant laws, regulations, policies and procedures. XCOR has engaged specialized export control consultants from the Commonwealth Consulting Group of Arlington, Virginia, and legal counsel from the Washington, D.C. office of the international firm Bingham McCutchen, to assist in this first of a kind effort.
"This is a ground breaking opportunity for our company, our industry and a very good opportunity for the
Yecheon Astro Space Center is a non-profit entity that operates multiple space related activities including: aerospace training center; astronomy research center; planetarium; a commercial space camp with centrifuge; and commercial helicopter tourism operation in the South Korean State of Gyeongsangbuk-do, approximately 240 kilometers (150 miles) southeast of Seoul.
Working closely with its partners, Yecheon Astro Space Center has formed a broad coalition of regional and national entities to fund the approximately $30 Million project to bring the Lynx to Yecheon forspace tourism, educational, scientific and environmental monitoring missions, making it the early leader in commercial manned space flight in Asia. Under the envisioned arrangement, Yecheon will be the exclusive Lynx operational site in
"As part of our long term strategic plan, we have performed an extensive review of the suborbital vehicle suppliers over the past 18 months, and found XCOR's Lynx to be the best mix of safe design, reliable clean propulsion, skilled team members, full reusability, ease of operation, turn around time, upfront cost and long term cost to operate," said Mr Jo Jae-Seong, Founder and Chief Executive Director of Yecheon Astro Space Center. "We look forward to a long term relationship with XCOR and Lynx!"
"This is an incredibly important development for the New Space industry charting a course for other innovative
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XCOR Aerospace is a California corporation located in Mojave,