SpaceDev, Inc. (OTCBB: SPDV) has been notified that the United States Defense Advanced Research Projects Agency (DARPA), after the completion of a successful Critical Design Review (CDR), has elected to exercise its option for continuation of SpaceDev’s High Delta-V (HiDVE) Satellite program. The key HiDVE program goals are to develop a space qualified, low-cost, modular solar thermal propulsion (STP) system combined into a complete satellite. This option award is valued at approximately $3.6 million and is to be performed during the next six months. The award allows for the next phase of development of the leading-edge STP, nano-sat bus design, and operations program—Poway, California
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