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Business briefs: May 16
Posted: Fri, May 17, 2002, 6:27 AM ET (1027 GMT)
- The Air Force is considering adding "significant" new funding to its EELV program, Space News reported Thursday. Air Force undersecretary Peter Teets told reporters that the service may add a couple hundred million dollars to the budget in 2004 to help Lockheed Martin and Boeing, who have encountered problems luring commercial customers for the Atlas 5 and Delta 4 in a weak market.
- Lockheed Martin announced Thursday that it has started work on two communications satellites for SES Americom. One of the satellites, AMC-15, is scheduled for launch in the 3rd quarter of 2004, while the other, AMC-16, will be a ground spare. The contract for the A2100-series satellites was signed in 2000.
- Commercial space company SpaceDev reported a loss of $29,320 in its fiscal first quarter, the company announced Thursday. The company credited increased sales and decreased expenses for cutting the loss from the $659,000 reported in the same quarter last year. The company said it is pursuing several government and commercial contracts.
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