- Republican Wins Virginia in Test of Obama's Clout
- German Opel Workers Bitter After GM Shock
- Look Ahead: Market Taking Its Cues From Fed Statement
- Bailed-Out Banks Preparing Pay Bonanza: Study
- World Bank Raises East Asia Growth Forecast
- Berkshire's 15 Biggest Stock Holdings
- Buffett Needed No Bankers for Burlington Deal
- Oracle-Sun Micro Deal May Be Rejected by EU: Report
- Toyota to Pull Out of F1, Raise Output: Report
- Final World Series Games Big Money Makers
- Best Buy To Embed Digital Download Platform on Devices
- Options Trader Targets Precious Metal Surge
- October Shows Auto Rebound Will Be Slow
- The Silencing of Paul Volcker?
- CNBC Transcript: Warren Buffett Explains His Railroad 'All-In Bet' on America
- CIT's Retail Impact?
- M&A: Signs of Strength?
- Crescenzi: Fed Exit Best As Process, Not Event
- October sales improve but remain tepid
- Toronto Star starts restructuring, offers buyouts
- Prominent Fla. lawyer's sales pitch called suspect
- Alaska Airlines October traffic up 3 percent
- Papa John's 3Q profit rises on acquisition
- 7-Eleven stores take a Big Gulp... of wine
- On the Call: Kraft Foods CEO Irene Rosenfeld
- Australia's Westpac profits drop 10.7 percent
- Tw telecom swings to 3Q profit from loss
LOS ANGELES - A team of California rocketeers has won a $1 million prize in a simulated lunar landing contest backed by NASA.
The X Prize Foundation said Monday that Mojave, Calif.-based Masten Space Systems had a better landing accuracy than was achieved by Armadillo Aerospace of Rockwall, Texas, which got $500,000 for second place.
The teams flew robotic rockets that had to rise more than 160 feet, stay aloft for at least 180 seconds while traveling to a rocky landing pad, and then fly back to the starting point.
The flight profile simulates what would be required to descend from lunar orbit, land on the moon and then lift off again to return to lunar orbit.
NASA put up $2 million in prizes for the Northrop Grumman Lunar Lander Challenge as an incentive to spur development of technology by space entrepreneurs.
In a less-demanding lower level of the competition, Armadillo was first and won $350,000 while Masten got $150,000 for second place.
A father-son team called Unreasonable Rocket had unreasonable luck with two rockets during the weekend in Cantil, Calif. One rocket dubbed Blue Ball ran out of fuel in the lower level challenge. Its second rocket, Silver Ball, which was intended for the top level, was wrecked in a test while tethered to a crane.
Andrew Petro, NASA's Centennial Challenge program manager at NASA headquarters in Washington, D.C., said in a press release late Monday that the contest had the intended effect.
"These companies have demonstrated reusable vehicles with rapid turnaround and a surprising degree of precision in flight, and they have done all this at a much lower cost than many thought possible," he said.
NASA will present $1.65 million in prizes on Thursday. Armadillo's first-place award in the lower level competition was presented last year.
The X Prize Foundation managed the contest while Northrop Grumman provided support.
- These four sectors will be the next to lead the market.
- These executives got the largest pay packages of the last 10 years.
- People who are scared of flying can now press a button on their iPhone to help them deal with their panic.
- A Harvard professor’s unusual confectionary is blowing away chocolatiers in Paris.
- How much would you pay for a motorized La-Z-Boy? An eBay auction for a police-confiscated 'DWI' chair is fetching high dollars.
- What you need to know.








