Word: percherons
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Dates: during 1981-1981
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...first of the company's Percheron rockets, named after a French draft horse, is being built in a Sunnyvale, Calif., plant by 17 engineers, some of them former employees of NASA. This week the device will be loaded aboard a flatbed truck and hauled to a launch pad at Matagorda Island, about 50 miles northeast of Corpus Christi, Texas, a site that NASA once considered for launches. After testing the prototype, the company hopes to conduct its first orbital flight next year...
...save money, Hudson's designers have cut out many of the back-up systems that NASA rockets use. Space agency officials worry about the resulting risks. Hannah points out, however, that his company carries $25 million in flight-liability insurance to cover any mishap. If a runaway Percheron came down in, say, the Houston Astrodome, $25 million might not even begin to cover the costs...