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News briefs: July 31
Posted: Thu, Aug 1, 2002, 7:45 AM ET (1145 GMT)
  • Contrary to previous reports, Boeing is not investing in antigravity research, SPACE.com reported Wednesday. A Boeing spokesperson told SPACE.com that the original report, published Monday by Jane's Defence Weekly, misrepresented Boeing's interest in the project. The "project" was actually just a presentation by a Boeing engineer who outlined past work and proposed that the company monitor research in the project and "perhaps even conduct some low-cost experiments", according to the spokesperson.
  • Scientists have discovered an ancient impact crater under the North Sea off the coast of Britain. The Silverpit crater, discovered during an analysis of geophysical data collected in a search for oil and gas deposits, has a core 3 km across and is surrounded by a series of concentric rings 20 km in diameter. It is believed to be 60-65 million years old. The crater's concentric rings make it more closely resemble impact craters on the icy moons of the outer planets than other terrestrial craters.
  • Loral Space and Communications reported increased revenues and a narrowed loss in its fiscal second quarter. Loral reported revenues of $316 million in the quarter, up 15 from the same quarter a year ago; revenues for the first six months were $625 million, a 17 percent increase over the first half of 2001. Loral reported a loss of $63.5 million for the quarter and $95.3 million for the year to date, compared to $95.4 million for the second quarter of 2001 and $169 million for the first half of 2001.
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