Space
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Business/FinancialLayoffs Begin On Space Shuttle Program; 160 Workers Leaving Posts Now; 900 To Lose Jobs By September: NASA Leaders
Contractor Employees At Risk; Some Will Shift To Other Jobs In Their Companies The beginning of the end has arrived for workers in the space shuttle program, with 160 workers […]
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Business/FinancialRaytheon Gains $83.6 Million For Radars Going To U.S. Navy, Allied Overseas Militaries
The Navy gave Raytheon Co. [RTN] an $83.6 million firm fixed-price contract for radars needed by the Navy and by allied military forces on their F/A-18E/F Super Hornet strike fighter […]
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Business/FinancialGHL Gains A 15 Percent Drop In Price It Will Pay For Taking Over Iridium Holdings LLC
GHL Acquisition Corp. will pay 15 percent less than earlier agreed to buy Iridium Holdings LLC, a major satellite operator, the firms agreed. The price drop reflected changes in stock […]
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Business/FinancialObama Cuts Will Kill Chance For Fully Able Missile Defense Program, Rep. Franks Says
President Doesn’t Understand Missile Threat, But Lawmakers Increasingly Comprehend It President Obama’s expected cuts in ballistic missile defense (BMD) programs will stagger the effort to protect Americans from missile attacks, […]
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Business/FinancialChina Mobile, China Telecom and Alcatel-Lucent Sign $1.7 Billion Pact
Alcatel-Lucent [ALU] signed two framework agreements worth $1.7 billion with China Mobile and China Telecom, Alcatel-Lucent announced. The deal will provide network upgrades, integration and maintenance services this year. As […]
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Business/FinancialObama ‘Confident’ Taliban, al Qaeda, Won’t Seize Pakistani Nuclear Missiles Arsenal; But Obama Also ‘Gravely Concerned’ By Situation
President Obama said he is confident that terrorist groups such as the Taliban and al Qaeda won’t be able to seize Pakistani nuclear-tipped ballistic missiles. However, Obama also said at […]
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Business/FinancialGeneral Dynamics Gains $150 Million Army Deal For Hydra-70 Rockets, Gear
The Army gave General Dynamics Corp. [GD] a $150 million contract-change deal to produce Hydra-70 rockets, warheads and motors. Deliveries are expected to begin in September next year. This order […]
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Business/FinancialKilling Enemy Missile In Boost Phase Permits More Shots At Enemy Missiles, Analyst Says; But Other Systems More Used
Gates Said To Think 30 Airborne Lasers Required For Good Global Coverage Against Enemy Ballistic Missiles Ballistic missile defense systems effective against short- or medium-range enemy missiles are "more likely […]
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Business/FinancialNASA Gives Northrop CERES Instrument Contract Worth Up To $44.5 Million
NASA gave Northrop Grumman Corp. [NOC] a contract worth up to $44.5 million to provide an instrument that would fly on the long-delayed National Polar-orbiting Operational Environmental Satellite System, or […]
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Business/FinancialWalter Reed Army Medical Center Turned 100 May 1; $9 Million Rehab Center Aids Wounded; But Famed Hospital To Be Torn Down Soon, Site Redeveloped
Walter Reed Army Medical Center, the crown jewel of Army medicine, celebrated its 100th anniversary Friday with a ceremony and a formal ball, but the celebration was bittersweet because the […]