(Chatsworth, CA 2 April 2009) – Space Vector Corporation, a launch vehicle and subsystem/component provider since 1969 is pleased to announce a change of ownership effective April 1, 2009. The management-employee buyout with private investment funding will better position the company for growth while offering a greater level of service and flexibility for our customers and suppliers.

The change in ownership creates many opportunities for Space Vector and its employees. The management team is committed to increasing the scope of our products and services while ensuring the company's long-term strength.

Moreover, Space Vector will continuously advance its aerospace products and offerings and are committed to the continuous improvement of all activities using our ISO9001:AS9100 registered quality system as a framework. The goal is to be recognized by our customers as the “best value” solution to their needs.

We ask for your continued support and partnership in taking us all to the next level of cooperation and mutual success. As in the past, we look forward to working with all of you.

Eric Grabow
President

Steve Cormier
Chief Financial Officer

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Space Vector is a small business dedicated to providing high reliability components, systems, and launch vehicle solutions to the aerospace industry. As a prime contractor to various government agencies, Space Vector has launched 37 rockets over the past 40 years in support of scientific and defense related projects with an enviable 94% success rate.  Many of our vehicles are boosted by refurbished Minuteman motors that have proven to be very reliable and cost effective. 

     We are a key subcontractor to Lockheed Martin and provide a variety of products and services under the Targets and Countermeasures Prime Contract. These include GPS metric tracking units, rechargeable flight safety and system batteries, and reentry vehicle adapter structures and separation systems. We also provide flight and ground software as well as guidance and control expertise to Lockheed Martin.

     Space Vector is supplying the United Launch Alliance (ULA) with GPS Tracking Units and Low Noise Amplifiers for the Atlas V and Delta IV launch vehicles. These critical components are part of the Air Force Space Command vision for Launch and Range Enterprise Transformation for metric tracking and eventually fully autonomous flight safety.

     Our post boost attitude control systems have flown on hundreds of NASA sounding rockets. These subsystems integrate our fully adjustable cold gas pneumatic components with a variety of sensors and controllers.

     Other products that have been developed from our launch vehicle experience include: Guidance and Control Systems, Vehicle Interface Units (VIU), Spacecraft and Module Separation Systems, Parachute Recovery Systems, and various Ground Support and Test Equipment including missile Transporter Erectors (TE).