Monday, October 8, 2007

Kistler Staggering

Rocketplane Kistler, or RpK, on the verge of losing its contract with NASA, has switched presidents. Randy Brinkley, who led Kistler through its acquisition of Rocketplane, as well as through the process that secured the NASA contract, is out. William Byrd, an RpK board member, is in.

As reported earlier in this blog, RpK has struggled to meet benchmarks in the NASA contract, largely due to an inability to attract private investment. Last week, Brinkley wrote a letter to NASA, blaming the space agency for his company's problems.

The letter did not go over well.

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