NASA's massive success, which took place through the Apollo program, ignited government interest in space exploration and research - the result of which was the International Space Station (ISS). This particular industry has been capturing public attention for years now, with the last space mania taking place in the late 1900s when the National Aeronautics and Space Administration (NASA) became the first space (and only) space agency in human history to land humans on the Moon. These days, one of the hottest industries is astronautics. ![]() For more space stocks, head on over to 5 Best Space Stocks To Invest In. Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace industries.įor further information, please contact Jim Buchli, CSSS Program Manager, Oceaneering Space Systems, 16665 Space Center Boulevard, Houston, Texas 77058 Telephone 28 Fax 281‑228-5547 E-mail or Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc.In this piece, we will take a look at the 11 best space stocks to invest in according to hedge funds. Oceaneering is a global provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Oceaneering Space Systems supports NASA in training astronauts for extravehicular activity, and designs, develops, tests, produces, and certifies astronaut equipment, robotic systems, and thermal protection systems for NASA, the Department of Defense, and commercial applications. The Oceaneering CSSS program office is located at Oceaneering Space Systems’ facilities in Houston, Texas immediately adjacent to NASA’s Johnson Space Center. We look forward to a growing contribution from our Advanced Technologies business in 2009.” Our team is fully prepared to begin work. Jay Collins, President and Chief Executive Officer, stated, “We are pleased to be moving forward on this important component of our country’s space exploration program and we appreciate NASA’s confidence in our team to provide high quality services. The Oceaneering-led team includes United Space Alliance, LLC, David Clark Company Incorporated and its subsidiary Air-Lock, Incorporated, Harris Corporation, Cimarron Software Services, Inc., Paragon Space Development Corporation, Hamilton Sundstrand Corporation, and ILC Dover LP. These options would extend the contract through 2020. The contract also includes options to build additional Configuration 1 suits, provide ongoing CSSS-related operational and training support, and design and build the CSSS Configuration 2 suit, which will be used for activities on the lunar surface. ![]() ![]() Oceaneering will design and build the Configuration 1 CSSS, which will be used during launch, abort, and re-entry of the new Orion spacecraft, and for contingency extravehicular activity. Oceaneering anticipates that the final contract will include a base period of approximately six years, and have an estimated value of over $180 million. Oceaneering will start work immediately, and the letter contract will be finalized within six months. presence in low Earth orbit, help establish an outpost on the moon, and lay the foundation for further exploration. The CSSS is a key component of the Extravehicular Activity (EVA) System for NASA’s Space Exploration program. (NYSE:OII) announced that it has signed a letter contract with the National Aeronautics and Space Administration (NASA) for development and production of the Constellation Space Suit System (CSSS), a new space suit for solar system exploration. February 27, 2009, Houston, Texas – Oceaneering International, Inc.
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