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October 18, 1999

HEADLINE NEWS

Franco-German Merger Will Spur Airbus Overhaul

HEADLINE NEWS

Outlook Robust for Fractional Jet Sales

HEADLINE NEWS

NBAA Show Reflects Strong Business Aviation Industry

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HEADLINE NEWS

Franco-German Merger Will Spur Airbus Overhaul

Aerospatiale Matra/DASA accord sets the stage for further transatlantic consolidation moves

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HEADLINE NEWS

Outlook Robust for Fractional Jet Sales

ATLANTA The remarkable growth of fractional business-jet ownership in recent years is apt to continue for the foreseeable future, barring the impact of a severe U.S. economic downturn. Even in that environment, most industry players believe fractional sales would remain strong, though possibly at a reduced level.

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HEADLINE NEWS

NBAA Show Reflects Strong Business Aviation Industry

ATLANTA The busy pace of the National Business Aviation Assn.'s 52nd annual convention held here last week not only underscored the present strength of the business flying community, but reinforced predictions of continued growth. Absence of new product introductions at the convention was more than offset by a high level of enthusiasm demonstrated by the nearly 30,000 attendees and exhibitors who participated in the three-day event.

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HEADLINE NEWS

Globalstar Turns On, Will Customers Come?

GENEVA After years of preparation and the bankruptcy of two competitors, the Loral-backed Globalstar venture officially inaugurated its commercial satellite telephone service here, with Chairman Bernard L. Schwartz confidently forecasting 3 million subscribers within three years.

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HEADLINE NEWS

Hughes Power Grab in Telecom Market

GENEVA Seeking a commanding lead in the race to build ever more powerful telecommunications spacecraft, Hughes Space and Communications Co. officials have unveiled plans for a satellite that would offer unprecedented power, transponder capacity and solar cell efficiency.

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HEADLINE NEWS

India Outlines Nuclear Doctrine

NEW DELHI Adraft of India's nuclear weapon doctrine adheres to Prime Minister Atal Behari Vajpayee's policy of maintaining a “credible minimum nuclear deterrence” in the face of opposition from established nuclear powers. The doctrine was adopted by the National Security Advisory Board in August in answer to assurances that India made after it tested nuclear bombs last year.

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HEADLINE NEWS

Treaty’s Demise Augers Arms Control Recession

WASHINGTON The Senate's defeat of a global nuclear test ban portends a shift to ward the nation's increased reliance on its nuclear deterrent, and the phaseout of strategic arms control as that deterrent’s backstop, experts say. If they are right, nuclear weapons modernization and the acceleration of missile defense will make up an ever-growing wave of the 21st century.

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HEADLINE NEWS

USAF Weighs Multi-Role ICBM

WASHINGTON The U.S. Air Force is putting to gether plans to ensure it will retain an intercontinental ballistic missile capability even after 2020, when the current missiles reach the end of their projected life. While the primary focus is on retaining a nuclear ICBM arsenal, the Air Force is seriously considering a parallel effort to field for the first time an ICBM with a conventional warhead.

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HEADLINE NEWS

Army Chief Stresses Agility Firepower

WASHINGTON Alarger investment in the U.S. Air Force's E-8 Joint-STARS program—an aircraft designed to track moving targets on the ground—is at least under consideration as part of a crash effort to field a more lethal, agile combat army, says new Army Chief of Staff Gen. Eric Shinseki.

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HEADLINE NEWS

Sea Launch Makes Operational Debut

LOS ANGELES Sea Launch successfully placed a DirecTV 1-R satellite in orbit on Oct. 9, the second successful mission overall for the ocean-based system, and its first launch of an operational spacecraft. The launch occurred at 8:28 p.m.

October 111999 October 251999