January 15, 1996

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HEADLINE NEWS

Loral Buy Challenges Lockheed Martin Skills

To make the $9.1-billion purchase work, Lockheed Martin will need to integrate Loral’s highly autonomous business units into the defense giant’s corporate structure

By ANTHONY L. VELOCCI7 min

HEADLINE NEWS

Russian Space Program Decline Accelerating

PARIS Russian spacecraft development and launch operations are beginning to drop sharply, indicating that the momentum of what was a massive Soviet space effort has finally succumbed to the collapse of the USSR. The mission rate during 1995 plummeted to only 32 Russian launches.

By CRAIG COVAULT4 min

HEADLINE NEWS

Endeavour Launched, But Shuttle Delays Loom

KENNEDY SPACE CENTER Endeavour kicked off a busy year for NASA’s space shuttle program with its launch Jan. 11 on a mission to chase down and capture one satellite, deploy and retrieve another and test space station assembly tools and techniques.

By JAMES T. McKENNA4 min

HEADLINE NEWS

Sale Positions Loral Space to Lead New Market

NEW YORK Loral Space and Communications Corp., a by-product of Lockheed Martin’s acquisition of Loral Corp., is expected to provide a launch pad for what will become a major space-oriented telecommunications company. Heading up the new, publicly traded enterprise will be Bernard Schwartz, who will pursue strategies similar to those he used in building Loral Corp. into a highly profitable, $6.7-billion enterprise from a $27-million business.

By ANTHONY L. VELOCCI4 min

HEADLINE NEWS

First F-2s Go to Jda for Flight Testing

TOKYO Mitsubishi Heavy Industries is scheduled to deliver the first two F-2 close air support fighters to the Technical Research and Development Institute (TRDI) of the Japanese Defense Agency by the end of March. First flights of the third and fourth prototypes—both two-seat versions—are set for February and April, respectively.

By EIICHIRO SEKIGAWA3 min

January 81996

January 221996

January 15, 1996

January 15, 1996