form8-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of
Report (Date of Earliest Event Reported): August 15, 2008
SPACEDEV,
INC.
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
000-28947
|
84-1374613
|
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
|
13855
Stowe Drive, Poway, California
|
92064
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
Telephone Number, Including Area Code: (858) 375-2000
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01. Entry
into a Material Definitive Agreement
On August
15, 2008, we were awarded a multi-year cost plus fixed fee contract with Scaled
Composites, LLC of Mojave, CA to provide certain services and goods in order to
develop, test and supply technology and hardware relating to hybrid rocket motor
systems and component parts and integrate them into the SpaceShipTwo vehicle
system design. The spacecraft is being designed by Scaled for Virgin Galactic
and is part of a complete space system that also includes the WhiteKnightTwo
carrier aircraft. The contract runs through 2012 and has an initial
value of approximately $15 million, with a majority of the work anticipated to
be completed over the next two years.
This
contract is a follow-on arrangement to the successful SpaceShipOne
program. The goal of the program is to design, build and flight test
a SpaceShipTwo suborbital tourism vehicle with a hybrid rocket motor
system. The design of this vehicle is expected to be passed to The
SpaceShip Company, a separate joint venture company between Scaled and Virgin,
which will be responsible for building the first commercial vehicles for public
use. As part of this contract, we will be re-creating the team that
was successful during the SpaceShipOne program and will be providing services to
support and enhance the existing hardware, according to a detailed statement of
work provided by Scaled.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
SPACEDEV, INC.
Date: August
18,
2008 By: /s/ Richard B. Slansky
Richard B.
Slansky
President &
Chief Financial Officer