Company History
Scaled Composites was established in 1982 and purchased by the Beech Aircraft Corporation in 1985, as a result of the collaboration on the Starship project. In 1988, Beech's parent company, Raytheon, sold Scaled back to Rutan, who then sold it to Wyman-Gordon. After Wyman-Gordon was acquired by Precision Castparts Corp., Rutan and ten investors re-acquired the company as Scaled Composites, LLC. Northrop Grumman, a major shareholder in the company with a 40% stake, said it would acquire the company outright on July 20, 2007. Both companies said Northrop Grumman's acquisition would not affect Scaled Composites' strategy or involve replacing Burt Rutan as senior manager. The acquisition by Northrop Grumman was completed on August 24, 2007. Rutan retired in April 2011.
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