SPARKS, Nev. (MyNews4.com & KRNV) -- Sierra Nevada Corporation has announced the acquisition of Orbital Technologies Corporation (ORBITEC), headquartered in Madison, Wisconsin. The company will continue its operations in Madison, while supporting SNC’s Space Systems in Louisville, Colorado.
According to a press release, the acquisition comes as the result of the previous successful working relationship between the two firms. The combined capabilities and products of SNC’s Space Systems and ORBITEC provide SNC’s customers with a comprehensive set of green space propulsion technology options, with both hybrid solid/liquid and bipropellant liquid rocket motors. SNC Space Systems provides world class components and subsystems to space contractors, including gimbal mechanisms, power subsystems, solar array drives, release mechanisms, integrated solar panel assemblies and flight control actuators.
"We're pleased to formally welcome ORBITEC to the SNC family," said President Eren Ozmen. "It was a natural progression for our two companies to come together after years of teaming on SNC's Dream Chaser spacecraft program. Our complementary technologies, depth in space systems leadership and steadfast commitment to developing safe, human spaceflight, are consistent with both our business plans for significantly growing our aerospace and commercial markets."
ORBITEC started in Wisconsin as a three-person company. The company recently added over 30 high-tech jobs to the state. "ORBITEC will continue to expand its capabilities to deliver the next generation of products with improved viability and efficiency, meeting and ensuring customer satisfaction in challenging and cost-sensitive markets," said ORBITEC CEO Tom Crabb. "We know that the State of Wisconsin has a significant heritage in aerospace. ORBITEC is committed to expanding Wisconsin’s valuable high tech economy that could potentially include becoming a launch or landing state for the Dream Chaser."
Crabb will continue to lead and manage ORBITEC, as an SNC subsidiary.