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Business briefs: May 16
Posted: Fri, May 17, 2002, 7:27 AM ET (1127 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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news links
Monday, September 24
Kuwaiti youth eager to put country on space exploration map
Kuwait News Agency — 5:25 am ET (0925 GMT)
Opinion: Time to stop throwing good money after longshot aerospace investments
Midland (TX) Reporter-Telegram — 5:21 am ET (0921 GMT)
Japan's hopping space rovers land on asteroid
Sky News — 5:19 am ET (0919 GMT)


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