HEADLINE NEWS
USAF MAY PAY HERCULES FOR SRMU LOSSES
LOS ANGELES The Air Force is working with Congress to provide $300-350 million to Hercules Aerospace to cover losses suffered from its solid rocket motor upgrade (SRMU) program for the Martin Marietta Titan 4 launcher. The "SRMU stabilization program" is attempting to compensate for the turbulent Titan 4 history, where the expected number of launches has dropped from about 100 to roughly 40, and where the $250-million SRMU development was paid for by Hercules, not the government.
By MICHAEL A. DORNHEIM4 min