Many folks would like to see us back on the Moon and developing its resources.

Friday, July 18, 2003

Sooooo - where is the money to be made? - LRK - - Boeing drops commercial satellite launches - Jul. 17, 2003: "CHICAGO (Reuters) -- Boeing Co. said this week it intends to focus its launch business for satellites on the U.S. government market only, abandoning commercial launches, as a slump continues with no recovery seen.
As a result, Boeing is eliminating all launches for the commercial sector that were expected over the next five years, said James Albaugh, chief executive of Boeing's Integrated Defense Systems business on a conference call.
Boeing has been talking to the U.S. government about getting higher prices for its satellite launches along with additional funds to keep two players launching military satellites -- Boeing and Lockheed Martin Corp.. But Albaugh told reporters and analysts the current contracts assume no price increases or additional funding.
To help turn around the struggling satellite business, Boeing also said it is naming David Swain, currently chief technology officer for the company, to the post of chief operating officer for the overall military business. "

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