UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: JUNE 30, 2005
SPACEDEV, INC.
(Exact Name of Registrant as Specified in Charter)
COLORADO 000-28947 84-1374613
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification Number)
13855 STOWE DRIVE
POWAY, CALIFORNIA 92064
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (858) 375-2030
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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ITEM 1.01 MATERIAL DEFINITIVE AGREEMENTS
On June 27, 2005, SpaceDev, Inc., ("SpaceDev") was awarded a subcontract by
Andrews Space, Inc. ("Andrews") of Seattle which calls for the design,
development, launch, and operation of a small low cost spacecraft on a mission
to the Lunar L1 point to demonstrate key technologies and advanced orbital
mechanics in support of NASA's Human and Robotics Technology ("H&RT") SmallTug
Program to explore the Moon and Mars. The subcontract is part of a larger $18.7
million contract awarded to Andrews by NASA and is expected to be completed in
several phases. The value of the current SpaceDev subcontract is $1,249,493 and
is a firm fixed price subcontract. The current subcontract phase is expected to
take approximately nine months to complete.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated as of June 30, 2005.
SPACEDEV, INC.
By: /s/ Richard B. Slansky
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Richard B. Slansky
President & Chief Financial Officer
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