Thiokol Propulsion Receives $1.7 Billion NASA Contract
BRIGHAM CITY, Utah, Aug. 24 /PRNewswire/ -- Thiokol Propulsion, a division of Cordant Technologies Inc. (NYSE: CDD - news), has signed a follow-on contract from the National Aeronautics and Space Administration (NASA) to continue producing reusable solid rocket motors (RSRM) for the Space Shuttle Program. The contract, valued in excess of $1.7 billion, extends Thiokol Propulsion's RSRM activities until May 2005.
This is the sixth in a series of contracts awarded to Thiokol Propulsion for the design, development, production and refurbishment of solid rocket motors for the Space Shuttle Program. Under its provisions, administered by NASA's Marshall Space Flight Center, Huntsville, Alabama, Thiokol Propulsion will deliver 70 flight motors, enough for 35 Space Shuttle flights, and three test motors. This will be accomplished using both new and refurbished hardware. Delivery of the first flight motor is scheduled for September 1999. The three test motors will be static fired at Thiokol's northern Utah facility to evaluate new materials and processes. The static tests are currently planned for May 2001, November 2002 and May 2004. |
