The settlement — involving Orbital’s claim that Aerojet’s AJ-26 engine was to blame for the explosion — was struck Sept. 21. A Securities Exchange Commission filing was circulated a few days later.
“The agreement … settles all claims the parties may have had against one another arising out of the contract and the launch failure,” Aerojet said in the SEC filing.
The Oct. 28 explosion also caused the disintegration of a Cygnus cargo capsule that was to have brought supplies to the International Space Station. A formal finding by NASA and the Federal Aviation Administration is awaited as Orbital works to resume its ISS cargo shuttles.
Aerojet must pay the $50 million by the end of September. It also will take possession of 10 engines provided under the original deal with Orbital.
Aerojet expects its insurance to cover some of the settlement.