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February 8, 1999

HEADLINE NEWS

Pentagon Budget Up, But Research Withers

HEADLINE NEWS

FAA Would Tap Trust Fund to Finance Operations in 2000

HEADLINE NEWS

Lockheed Martin Faces JSF Cost Overruns

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HEADLINE NEWS

Pentagon Budget Up, But Research Withers

WASHINGTON The Pentagon’s new budget request reflects how the U.S. expects to fight future wars—with advanced sensors, next-generation electronics and precision weapons. But the Fiscal 2000 spending plan also shows signs that the military can’t keep up the rapid technological pace that spawned these systems.

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HEADLINE NEWS

FAA Would Tap Trust Fund to Finance Operations in 2000

WASHINGTON The FAA would pay for all of its operations with tax revenues held in the Airport and Airway Trust Fund if President Clinton's proposed Fiscal 2000 transportation budget were enacted. The budget proposal also calls for phasing out many of the excise taxes that replenish the trust fund, replacing them with user fees as the FAA becomes “a more efficient, service-based organization.”

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HEADLINE NEWS

Lockheed Martin Faces JSF Cost Overruns

With Boeing's aircraft redesign, now both competitors in the race to build the 21st century fighter confront problems

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HEADLINE NEWS

Space Station Eats Up Aeronautics Funding

WASHINGTON The Clinton Administration and NASA have come up with $2 billion to cover the ballooning costs of the International Space Station project during the next 5 years but at the expense of the agency’s aeronautics program, which would take a big hit.

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HEADLINE NEWS

Dasa to Parlay Solid ’98 Results

MUNICH DaimlerChrysler Aerospace’s anticipated record results for 1998 should put the company in a favorable bargaining position for the next round of restructuring in the European aerospace industry. “We don’t feel we’re under any pressure; we are very comfortable with our position,” said Chairman/CEO Manfred Bischoff.

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HEADLINE NEWS

Sample Return Segment of DS-4 Mission Eliminated

LOS ANGELES The sample return portion of the Deep Space-4 comet-lander mission will not be flown due to the higher level of cost required to ensure a strong probability of mission success, according to project officials at NASA’s Jet Propulsion Laboratory (JPL).

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HEADLINE NEWS

USAF Cancels SBIRS-Low Satellite Demonstrations

WASHINGTON The U.S. Air Force has canceled contracts with TRW and Boeing to build and orbit test satellites for the missile-tracking Space-based Infrared System-Low (SBIRS-Low). The combined value of those contracts was $832 million, the Pentagon told Congress last week.

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HEADLINE NEWS

Japanese Space Failures Linked to Lack of Coherence

TOKYO The causes of a string of failures of high-profile Japanese space missions over the last 4 years can be explained individually, but when viewed across the board they point to a lack of management at the National Space Development Agency, an international review panel says.

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HEADLINE NEWS

Launch Competition Spurs Lockheed Martin to Cut Costs

COLORADO SPRINGS CAPE CANAVERAL Lockheed Martin Astronautics will lay off up to several hundred employees and restructure its organization in response to growing competitive pressures. Unless new orders materialize, the Athena booster line could become a casualty of the cost-cutting moves.

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HEADLINE NEWS

Commercial Proton, Soyuz Launch Surge Readied

CAPE CANAVERAL Russia is poised to initiate 1999 space launch operations with an ambitious schedule of Proton and Soyuz heavy booster flights, but these international commercial and Russian military/civil flights are clouded with uncertainty because of Russian funding shortfalls and U.S. trade restrictions.

February 11999 February 151999