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Rotary
Rocket Assets to be Auctioned
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Rotary Rocket Co.
plans to auction all of its facilities and hardware in Mojave,
California, on February 23. Auctions will begin on February 3. The
sale will be conducted by Tri-State Auction Systems. Only its
19.5-m-tall Roton Atmospheric Test Vehicle (ATV) will be preserved
and moved to another location.
Rotary Rocket has
raised and spent about US$30 million during the past 4 years. Most
of the company's efforts to date were focused on developing and
demonstrating the feasibility of a rotor-powered vertical landing
design. Rotary conducted three test flights of the Roton ATV
demonstrator in July, September and October of 1999.
The
company had planned to develop and operate a fleet of manned,
reusable, single-stage-to-orbit vehicles, dubbed Roton 9C, for a
mere US$150 million.
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