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SpaceDev Devices Successfully Land on Mars SpaceDev Provided More Than 30 Mechanisms for the NASA-JPL Mars Phoenix Program May 27, 2008 1:19:00 PM (MARKET WIRE) -- 05/27/08 -- SpaceDev, Inc. (OTCBB: SPDV) announced today that it provided a wide array of hardware and instruments for the Phoenix Lander that successfully landed on Mars' north arctic plane Sunday, May 25th at 4:53 pm PDT. SpaceDev mechanical systems on the spacecraft included 16 devices supporting the Microscopy, Electrochemistry and Conductivity Analyzer (MECA) instrument, eight actuators on the Thermal Evolved Gas Analyzer (TEGA) instrument, two actuators deploying the solar arrays, two actuators pointing the Stereo Surface Imager (SSI) camera, and three actuators on the robotic arm. All in all, more than 30 SpaceDev devices are now on the surface of Mars supporting the Phoenix spacecraft.
"We congratulate the Phoenix team for a challenging job well done. It is an extraordinary thing to land a spacecraft on another planet," said Mark N. Sirangelo, SpaceDev's Chairman and CEO. "We are honored to play an integral part of this important program. This is the 11th trip to the Red Planet where our products played an important role in the mission and we look forward to a successful effort to search for water and other organic materials on Mars."
Posts: 2794 | From: nyc | Registered: Aug 2005
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primary work comes from government contracts... that has to be good LOL
"During the first quarter of 2008, approximately 66% of our revenues were generated from direct government contracts, and from government-related work through subcontracts with others, ..................During the same period in 2007, approximately 84% of our net sales were generated from direct government contracts, and from government-related work through subcontracts with others.... "
Posts: 2794 | From: nyc | Registered: Aug 2005
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Hey juice... I've owned this one for about a year, it is one of my long term holds. Best I can tell based on my DD is that this is good company with a lot of things going for it.
Lots of government contracts as you pointed out, just take a look at some of their clients.
National Aeronautics and Space Administration (NASA) Missile Defense Agency (MDA) DARPA Andrews Space & Technology Air Force Research Laboratory (AFRL) The Boeing Company Jet Propulsion Laboratory (JPL) Lockheed Martin Scaled Composites University of California, Berkeley (UCB) California Space Authority (CSA) Ball Aerospace and Technology Corporation Raytheon Northrop Grumman Lockheed Martin ITT Harris Corporation ATK Loral Space and Communication General Dynamics MacDonald Dettwiler Honeywell Orbital Science Corporation Hamilton Sundstrand Goddard Space Flight Center
If you like Spacedev you might check out Orbital Sciences (ORB:NYSE) http://www.orbital.com/ and keep your eye on SpaceX http://www.spacex.com/ a private company that is rumored to be going public.
NR.
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
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