XCOR Aeropspace will establish a new Commercial Space Research and Development Center Headquarters in Midland, Texas within the next 18 months. Midland Development Corporation is offering $10 million in financial incentives to assist with the move, which was announced today in Midland.

Texas Governor Rick Perry appeared at the press conference. Perry said, “This is a great day for Midland and a huge step forward for the State of Texas. Visionary companies, like XCOR, continue to choose Texas because they know that innovation is fueled by freedom. Whether on the cutting edge of biotech, communications, commerce or privatized efforts to serve the needs of the next generation of space explorers, you can find Texas at the forefront of the movement.”

XCOR will establish a new R&D center, including office space and a test facility, in a newly renovated 60,000-square-foot hangar at Midland International Airport. Renovation will begin in early 2013 and be completed by late autumn.

XCOR chief operating officer Andrew Nelson said, “We are pleased to be establishing our R&D Center in Midland, Texas, where the weather, surrounding landscape, the airport, and the local and state government environment are ideally situated for the future growth and the ultimate realization of a fully reusable orbital system. With future suborbital operational sites on the East and West Coasts of the United States and around the world, plus a manufacturing and test facility geographically separate from our R&D facility, Midland will truly be at the heart of XCOR’s innovation engine.”

The City of Midland is applying to the Federal Aviation Administration for a Commercial Space Launch Site designation, an estimated 12 to 18 months process. Upon completion of the licensing process and the hangar renovation, the XCOR presence will ramp up.

Written by Astro1 on July 9th, 2012 , XCOR Aerospace Tags:

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