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Business briefs: March 20
Posted: Thu, Mar 21, 2002, 7:49 AM ET (1249 GMT)
  • The US needs to revise its export regulations in order to support aerospace business, according to a report by the Aerospace Commission released Wednesday. The report says that "new thinking" is needed to move export licensing policy out of a Cold War-era mindset, including a review of the munitions control list. Strict export rules have been a source of friction for American satellite companies for the last few years, since export licensing was transferred from the Commerce to the State Department.
  • Lockheed Martin announced Wednesday that it has delivered a satellite to Kourou, French Guiana for launch on an Ariane 4 next month. The NSS-7 satellite, based on an enhanced version of the A2100AX satellite bus, is scheduled for launch in mid-April. It will provide video, Internet, and related services from its perch at 21.5 degrees west for New Skies Satellites. An upcoming Ariane launch, scheduled for March 28, will launch two Boeing-built communications satellites.
  • Lockheed Martin has contributed $10 million to the National Air and Space Museum in Washington and will have a theater in the museum named after the company, the Washington Post reported Wednesday. The Samuel P. Langley theater at the museum has been renamed the Lockheed Martin IMAX Theater in recognition of the donation. The name change has generated some controversy among museum employees who felt that Langley's name should not have been removed from the theater.
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