Boeing to take billion-dollar charge on launch, satellite businesses
Posted: Tue, Jul 15 3:01 PM ET (1901 GMT)
The Boeing Company announced Tuesday that it would take a $1.1 billion charge against earnings in its fiscal second quarter due to the poor...

Loral files for Chapter 11, to sell satellites
Posted: Tue, Jul 15 10:52 AM ET (1452 GMT)
Loral Space and Communications announced Tuesday morning that it would file for Chapter 11 bankruptcy protection as part of a plan to sell six of...

PanAmSat experiences problems with two satellites
Posted: Mon, Jul 14 11:29 AM ET (1529 GMT)
Two communications satellites operated by PanAmSat have experiences thruster problems that may limit their usefulness, the Wall Street Journal reported Monday. According to the report,...

CAIB: NASA management problems key to Columbia accident
Posted: Mon, Jul 14 11:18 AM ET (1518 GMT)
Members of the Columbia Accident Investigation Board (CAIB) said Friday that management problems within NASA played a central role in the events that led up...

Shuttle return to flight pushed back to 2004
Posted: Mon, Jul 14 10:20 AM ET (1420 GMT)
NASA is no longer planning a shuttle launch in 2003, and is instead focusing on returning the shuttle to flight in March 2004, MSNBC reported....

EMS to sell commercial space unit
Posted: Sat, Jul 12 9:48 AM ET (1348 GMT)
EMS Technologies announced Friday that it plans to sell a unit of the company that specializes in commercial space products. EMS said it will sell...

First Galileo satellite contracts awarded
Posted: Sat, Jul 12 9:32 AM ET (1332 GMT)
The European Space Agency awarded contracts Friday to two companies to build the first two test satellites for the Galileo satellite navigation system. Surrey Satellite...

NASA report: agency has too many astronauts
Posted: Fri, Jul 11 10:48 AM ET (1448 GMT)
An internal report by NASA's Inspector General published Thursday concludes that the space agency has hired far more astronauts than it needs. The report,...

Astronomers discover ancient exoplanet
Posted: Thu, Jul 10 9:29 PM ET (0129 GMT)
Astronomers said Thursday that they have discovered what they believe is the oldest known planet, a gas giant that formed within a billion years of...

CAIB to delay final report
Posted: Thu, Jul 10 10:56 AM ET (1456 GMT)
The Columbia Accident Investigation Board (CAIB) will delay the publication of its final report by a month, board members said Wednesday. The CAIB had planned...