The International X-ray Observatory
Nicholas E. White (NASA's Goddard Space Flight Center), Arvind Parmar, (ESAC), Hideyo Kunieda (Nagoya University), Kirpal Nandra (Imperial College, London), Takaya Ohashi (Tokyo Metropolitan University), Jay Bookbinder, (Smithsonian Astrophysical Observatory)

TL;DR
The International X-ray Observatory (IXO) is a planned joint mission by ESA, JAXA, and NASA to explore black holes, galaxy formation, and cosmic structure with advanced X-ray optics and instruments, launching around 2021.
Contribution
IXO introduces significantly enhanced X-ray optics and instruments, enabling unprecedented observations of astrophysical phenomena related to black holes and cosmic structure.
Findings
20x more collecting area at 1 keV than previous observatories
High-resolution spectroscopy and wide-field imaging capabilities
Unprecedented polarimetric sensitivity and timing precision
Abstract
The International X-ray Observatory (IXO) is a joint ESA-JAXA-NASA effort to address fundamental and timely questions in astrophysics: What happens close to a black hole? How did supermassive black holes grow? How does large scale structure form? What is the connection between these processes? To address these questions IXO will employ optics with 3 sq m collecting area and 5 arc sec angular resolution - 20 times more collecting area at 1 keV than any previous X-ray observatory. Focal plane instruments will deliver a 100-fold increase in effective area for high-resolution spectroscopy, deep spectral imaging over a wide field of view, unprecedented polarimetric sensitivity, microsecond spectroscopic timing, and high count rate capability. The mission is being planned for launch in 2021 to an L2 orbit, with a five-year lifetime and consumables for 10 years.
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