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Darpa Propels SpaceDev Work

The Defense Advanced Research Projects Agency has awarded Poway-based SpaceDev Inc. a $3.75 million contract, covering preliminary work on solar thermal propulsion and bus design for the High Delta-V satellite program.

SpaceDev announced the win Oct. 2.

The company is acting as a prime contractor, while General Atomics and BAE Systems are acting as subcontractors.

By midday Oct. 3, SpaceDev shares were trading at 80 cents. The company stock symbol is SPDV. The stock trades over the counter.

, Brad Graves

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