Space
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Business/FinancialGroup Reports That Prosecution Cases Against Defense Contractors Declined Even As Procurement Outlays Increased
The number of potential prosecution cases against defense contractors fell 76 percent from fiscal 1993 to fiscal 2008, even as procurement spending roughly doubled to $400 billion in the fiscal […]
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Business/FinancialCritics Detail Arguments Attacking Missile Defense, Military Procurement Programs, In Congressional Testimony
Assumptions: No One Would Dare Launch Missile At United States; Missile Defense Is Expensive Critics Say There Is No Complete Guarantee That Missile Defense Systems Will Work A House panel […]
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Business/FinancialNorthrop Pays $325 Million To Settle TRW Whistleblower Case; Northrop Also Wins $325 Million Missile Cancellation Fee
Northrop Grumman Corp. [NOC] paid $325 million to settle a whistleblower case involving faulty military satellite parts involving TRW Inc. before Northrop bought that company in 2002, while at the […]
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Business/FinancialExperts Refute Critics’ Assertions Leveled Against Missile Defense
Three panels of experts put down critics’ allegations that missile defense programs don’t work or have other shortcomings, allegations that are being used by some leaders in Washington to underpin […]
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Business/FinancialRaytheon Gains Air Force Contract For Up To 450 Maverick Missiles Upgrades
The Air Force gave Raytheon Co. [RTN] a contract to upgrade guidance and control sections for the air-to-ground Maverick missile. "The military is successfully employing laser-guided Mavericks against moving targets […]
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Business/FinancialRaytheon: Low Cost Is NCADE Sales Point In Tough Fiscal 2010 Defense Budget; Cuts Looming
Raytheon Co. [RTN] will use the relatively low cost of the Network Centric Airborne Defense Element (NCADE) to help sell it to the Missile Defense Agency (MDA) and Congress in […]
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Business/FinancialGAO Criticizes Some Space Programs
The Government Accountability Office (GAO) criticized several space programs on cost and other criteria. They were among many defense procurement programs that have run a combined total $296 billion over […]
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SpaceAtlantis Poised On Pad For Launch;
Soyuz Lands Wednesday With Crew Space Shuttle Atlantis has arrived at Launch Pad 39A at Kennedy Space Center, Fla., poised for a May 12 liftoff on the STS-125 Mission to […]
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SpaceArctic Ice Continues To Dwindle: NASA
Arctic sea ice continues to shrink, according to NASA. The latest Arctic sea ice data from NASA and the National Snow and Ice Data Center show that the decade-long trend […]
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CongressNASA Needs Sufficient, Stable Funding Or Other Nations Will Grab Global Space Leadership, Trample United States: AIA
NASA needs sufficient funding, and the financial support must be stable rather than riding a volatile roller coaster of peaks and valleys, an industry leader said. Otherwise, the American space […]