Northrop Grumman Goes All-In on Space Tow Trucks

Five years ago, Orbital ATK announced plans to build a single "Mission Extension Vehicle" to help other companies' satellites live in orbit around Earth a bit longer. Five years later, this single spaceship has evolved into an entire new division for Northrop Grumman (NYSE: NOC), the company that bought Orbital ATK in 2018.

They call it "Space Logistics," and one day, it could grow into an entire fleet of space tow trucks circling Earth, keeping the world's satellites in tip-top shape.

Space Logistics' MEV-1 in orbit -- the world's first working space tow truck. Image source: Northrop Grumman.

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Source Fool.com