In Partnership With

February 2, 1998

HEADLINE NEWS

Warnings Raised About Iraqi Terrorism Threat

HEADLINE NEWS

Diplomacy Exhausted

HEADLINE NEWS

Goldin Reverses Cuts To Manned Moon/Mars Plan

2223

HEADLINE NEWS

Warnings Raised About Iraqi Terrorism Threat

Persian Gulf region and U.S. cities called vulnerable to biological and chemical attacks

2223

HEADLINE NEWS

Diplomacy Exhausted

2425

HEADLINE NEWS

Goldin Reverses Cuts To Manned Moon/Mars Plan

WASHINGTON CAPE CANAVERAL NASA Administrator Daniel S. Goldin has reversed a controversial order to cancel most agency-research programs aimed at supporting future astronaut missions to the Moon and Mars early in the 21st century. Goldin’s reversal voids much of a memo to NASA field centers on Jan. 9 ordering the termination of activities “uniquely directed toward human exploration beyond low-Earth orbit” by Jan. 30.

2425

HEADLINE NEWS

New ESA Program Strategy: Better Interaction With Industry

Paris The European Space Agency will present a new package of proposals at the next ESA ministerial summit in June that takes into account the strategic impact of programs and their effect on the industry. According to ESA Director General Antonio Rodota, the projects will be selected to a large extent on their strategic and economic interest, and in particular on their potential effect on employment.

2629

HEADLINE NEWS

Near Cruises by Earth, Heads for Asteroid

2629

HEADLINE NEWS

New Russian/French Flight Launched to Mir

2629

HEADLINE NEWS

Mir Resupply Boosts U.S.-Russian Links

KENNEDY SPACE CENTER Shuttle Mission 89 to Mir has further bolstered the U.S.-Russian relationship by delivering 6,000 lb. of water and cargo to the outpost as the joint program begins to wind down and the two countries move toward assembly of the International Space Station.

3031

HEADLINE NEWS

Raytheon Overhaul Looms, With Major Hurdles Ahead

NEW YORK Raytheon will soon embark on a much-needed restructuring of its newly forged defense business, but the effort will be costly in the short term. Management last week announced a fourth-quarter pretax charge of $495 million to cover the expense of cutting 8,700 jobs, or about 10% of the workforce, in Washington-based Raytheon Systems Co., the part of the corporation where the defense and electronics businesses are grouped. Additionally, Raytheon Systems will close 20 U.S. facilities during the next two years, which will be the costliest part of the overall restructuring. In total, the company anticipates reducing facility space by 20%. Raytheon Engineers and Constructors business unit also will feel the pain of the reorganization. It will lose about 1,000 jobs, or 6% of its workforce. As a result of the restructuring and special charges, the company was forced to post a fourth-quarter loss of $77.3 million, compared with net income of $177.4 million in the same period last year. For the full year, Raytheon earnings fell 31%, to $526.8 million, or $2.20 a share.

3031

Boeing Offers C-17s to U.K.

London Boeing has submitted an unsolicited proposal to the U.K. Ministry of Defense to lease several C-17 transports for up to 12 years to meet strategic airlift requirements. Tactical and strategic lift, both air and sea, for force projection is a key issue being discussed within the ministry as part of its strategic defense review.
3233

AIR TRANSPORT

Northwest, Continental Shake Up Industry

Northwest acquires control of Continental, but voting trust is meant to keep Continental's independence for six years

January 261998 February 91998