Commercial Spaceflight And The Dawning Age of NewSpace

Aerojet Pays Orbital $50 Million To End Engine Dispute | SpaceNews.com

WASHINGTON — Aerojet Rocketdyne will pay Orbital ATK $50 million to end a dispute about the role Aerojet’s AJ-26 engine played in last year’s Antares launch failure, the propulsion provider announced Sept. 24.

In a filing with the U.S. Securities and Exchange Commission, Aerojet said it reached an agreement to terminate its contract to supply Orbital with AJ-26 engines that had been used to power the first stage of Orbital’s Antares launch vehicle. Under that agreement, Aerojet will make a one-time payment of $50 million by the end of September, and take possession of the 10 engines remaining under that original deal. Aerojet said it plans to recoup at least part of that payment from insurers.

Sourced through Scoop.it from: spacenews.com

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