Editor's note: The new AF-M315E propellant is being developed and tested by GenCorp subsidiary Aerojet. A previous version of this story stated otherwise. The Fool regrets the error.
Following on ATK's (NYSE:ATK) announcement of a successful test of its new rocket thruster powered by a "green" ammonium dinitramide, water, methanol, and ammonia-based propellant, a second company has announced plans to help out ATK in a real-world test of similar technology by yet a third company.
Solar components maker EMCORE (NASDAQ:EMKR) announced Tuesday that ATK has contracted it to build solar panels, which ATK will then integrate into solar arrays, which will in turn power a planned Ball Corporation (NYSE:BLL) satellite after it has launched. Said satellite will launch in 2015 to carry out tests of a new type of propellant and thrusters developed by GenCorp (NYSE:AJRD) subsidiary Aerojet as an alternative to the use of environmentally hazardous hydrazine propellant.
Ball will have primary responsibility for this "Green Propellant Infusion Mission" (GPIM). The primary purpose of the mission is to test Aerojet's AF-M315E Hydroxyl Ammonium Nitrate (HAN) fuel/oxidizer blend for efficacy as a replacement propellant.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.