Commercial Spaceflight And The Dawning Age of NewSpace

Europe to invest in Sierra Nevada’s Dream Chaser cargo vehicle | SpaceNews.com

PARIS — Sierra Nevada Corp.’s win of a NASA contract to ferry cargo to the International Space Station will trigger a $36 million investment by the 22-nation European Space Agency following a cooperation agreement to be signed in the coming weeks, ESA said.

Once the agreement is signed, ESA will begin work building the first flight model of the International Berthing and Docking Mechanism (IBDM), which Sierra Nevada’s Dream Chaser Cargo System will use to attach itself to the space station.

ESA said it would spend 33 million euros ($36 million) to complete the design of the IBDM and build a flight model for Dream Chaser’s first cargo run. Future IBDMs will be financed by Sierra Nevada, ESA said.

Sourced through Scoop.it from: spacenews.com

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