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Grumman buys Scaled Composites.

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  • #1

    Grumman buys Scaled Composites.

    I don't know if it is good or bad but I see Northrop/Grumman upped their ownership of Scaled to 100%. Does that sound like a good environment for innovation?
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  • #2
    Re: Grumman buys Scaled Composites.

    Originally posted by tvrphoto
    I'm going off the top of my head regarding this, but it's the second time Burt has sold Scaled, having bought it back from I believe Lockheed. (Will have to double check that!) Burt has Scaled's best interest in mind and will remain with Scaled despite the increased share ownership. Grumman already owned 49%.
    I know they already had a part and that Burt was staying on but when you have to answer to General Public shareholders I think some of the freedom is relinquished. Besides isn't it just like the big guys to move in after an idea has worked and a market emerges? I bet Burt could have used that money when this project was on paper.

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