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Business briefs: March 16-17
Posted: Mon, Mar 18, 2002, 8:03 AM ET (1303 GMT)
  • European leaders endorsed plans to proceed with the Galileo satellite navigation network during a meeting in Barcelona that concluded Saturday. Transport ministers must still meet later this month to release their share of funding for the project. Galileo has generated some controversy because of European skepticism that the public-private partnership that will run Galileo can make money, as well as American concerns about Galileo's effects on GPS.
  • Boeing has converted some hardware originally developed for its Delta 3 booster for the older Delta 2, Space News reported late Friday. Four Delta 3 boosters were converted into Delta 2s in 2001, according to a Boeing SEC filing quoted by the article. The Delta 3 had flown three times since its introduction in 1998, only one of which was successful. There are seven more payloads manifested on the Delta 3, which Boeing plans to phase out as the Delta 4 enters service.
  • NASA has delayed announcing the winner of the contract to build the Next Generation Space Telescope, Bloomberg News reported. The delay, estimated to last several months, may be related to plans to redesign, and possibly scale down, the telescope. Lockheed Martin and TRW are vying for the $1-billion NGST contract.
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