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Business briefs: April 18
Posted: Fri, Apr 19, 2002, 8:03 AM ET (1203 GMT)
  • TRW announced Thursday that it would delay its shareholder meeting scheduled for Monday, April 22, to give shareholders more time to review Northrop Grumman's proposed takeover offer. The meeting has been rescheduled for Friday, May 3. The announcement came several hours after Institutional Shareholder Services, an advisory firm for large shareholders, recommended that TRW shareholders approve a proposal to continue negotiations with Northrop. TRW maintains its opposition to Northrop's $53/share proposal.
  • The Defense Department named TRW Thursday as the prime contractor for a restructured Space-Based Infrared System (SBIRS) Low program. The SBIRS Low team will include Spectrum Astro as developers of the spacecraft and Raytheon and Northrop Grumman as providers of the sensor system. SBIRS Low will be a system of satellites that will track missiles throughout their flight, and is considered a key component of a future missile defense system. The first SBIRS Low launch is planned for 2006 or 2007.
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news links
Thursday, November 23
Cover Story: The ultimate frontier market
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Next-generation weather satellite in orbit, gets new name
Huntsville Times — 1:56 am ET (0656 GMT)
Successful First International Moon Village Workshop at ISU
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The Short Life and Death of a Space Tourism Company
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Building for a Future in Space
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