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No Provision For Launch Failure In Orbital-ATK Merger Agreement, Orbital CEO Says

Friday, November 7th, 2014

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Orbital Sciences [ORB] CEO David Thompson said Oct. 29 there is no specific provision in the agreement for company’s proposed $5 billion merger with ATK [ATK] covering launch failure and that he expected the merger to continue. Orbital suffered a catastrophic launch failure Oct. 28 15 seconds after liftoff at NASA’s Wallops Island Flight Facility on the eastern shore of Virginia. The launch was part of NASA’s Cargo Resupply Services (CRS) contract to deliver cargo and supplies to the International…

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]