HomeNewsBusinessCompaniesGoogle signs 60-year NASA lease for $ 1 billion

Google signs 60-year NASA lease for $ 1 billion

Google plans to invest more than USD 200 million to refurbish the hangars and add other improvements, including a museum or educational facility that will showcase the history of Moffett and Silicon Valley, according to a NASA statement.

November 11, 2014 / 16:24 IST
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Google has signed a long-term lease for part of a historic Navy air base, where it plans to renovate three massive hangars and use them for projects involving aviation, space exploration and robotics.

The giant Internet company will pay USD 1.16 billion in rent over 60 years for the property, which also includes a working air field, golf course and other buildings. The 1,000-acre (400-hectare) site is part of the former Moffett Field Naval Air Station on the San Francisco Peninsula.

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Google plans to invest more than USD 200 million to refurbish the hangars and add other improvements, including a museum or educational facility that will showcase the history of Moffett and Silicon Valley, according to a NASA statement.

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