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May 24, 1999

HEADLINE NEWS

NATO Endgame, Helos Stir Debate

HEADLINE NEWS

Transatlantic Links a Crucial But Elusive Goal

HEADLINE NEWS

Reviews Advance as New Satellite Fails

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HEADLINE NEWS

NATO Endgame, Helos Stir Debate

WASHINGTON The growing debate within NATO about using ground forces in the war against Yugoslavia may represent the best chance for U.S. Army AH-64 Apaches to see combat, as the fear of Serb air defenses has kept the attack helicopters out of action.

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HEADLINE NEWS

Transatlantic Links a Crucial But Elusive Goal

Grim future forecast for coalition warfare without industrial consolidation to bridge technology gap

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HEADLINE NEWS

Reviews Advance as New Satellite Fails

CAPE CANAVERAL The U.S. unmanned space operations crisis continued to unfold last week with the malfunction and possible loss in orbit of a new science satellite and a finding by Lockheed Martin that an inherent design flaw in its Athena vehicle caused the earlier failure of the Ikonos commercial remote sensing mission.

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HEADLINE NEWS

New U.S. Export Restrictions Reach Far Beyond Satellites

WASHINGTON Strict new export regulations intended to prevent spacecraft builders from transferring technology to China are having an impact on companies far outside the satellite industry. One contractor has waited five months for U.S. government permission to send an updated helicopter engine repair manual to a NATO nation.

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HEADLINE NEWS

Military Technologies Get Senate Boost

WASHINGTON The Senate Armed Services Committee has approved $288.8 billion in budget authority for defense programs in Fiscal 2000, $8.3 billion higher than the White House request and a real increase of 2.2%, excluding inflation. The add-on is a continuation of the incremental increases in defense spending that have characterized congressional military budgets in the Clinton years.

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HEADLINE NEWS

White House Likely to Accept Doubling of Kosovo Funds

WASHINGTON President Clinton is expected to sign a $15.1-billion emergency supplemental appropriations bill for Fiscal 1999, most of it to finance U.S. participation in NATO’s air war against Yugoslavia and pay for containment operations against Iraq.

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HEADLINE NEWS

F/A-18 Recce System Heads for Kosovo

WASHINGTON The Marine Corps has decided to subject the F/A-18 Advanced Tactical Airborne Reconnaissance System (Atars) to a real operational evaluation by deploying the day/night, allweather reconnaissance system to Tazar, Hungary, as part of its contribution to the air war against Yugoslavia.

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HEADLINE NEWS

General Dynamics to Buy Gulfstream

DALLAS General Dynamics Corp. plans to acquire Gulfstream Aerospace Corp. through a stock purchase worth $5.3 billion, marking the defense contractor’s return to an aerospace industry it abandoned early in the 1990s. Under terms of the definitive agreement, the company will pay $71.44 per share of Gulfstream stock in a one-for-one exchange.

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HEADLINE NEWS

Coltec, Bfg Obtain Speedy Court Review

NEW YORK BFGoodrich and Coltec have won an expedited review of a recently issued preliminary injunction blocking their merger. The review by the Seventh Circuit U.S. Court of Appeals in Chicago is scheduled for June 11. The appeals court will examine the May 7 decision by the U.S. District Court for the Northern District of Indiana to grant the preliminary injunction at the request of AlliedSignal.

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HEADLINE NEWS

Eutelsat Approves Privatization Plan

Paris The 47 member governments of Eutelsat have given final approval to a privatization package that will spin off the organization’s commercial activities into a new company by mid-2000. The move is part of a worldwide trend that has already spawned a number of public satellite spinoffs, including NewSky Satellite NV (Intelsat) and ICO Global Communications (Inmarsat).

May 171999 May 311999