PanAmSat reports higher profits
Posted: Wed, Jul 16 10:33 AM ET (1433 GMT)
Satellite operator PanAmSat reported Tuesday an increase in profits for its fiscal second quarter despite a dip in revenue. In the quarter the company reported...

NASA creates independent safety office
Posted: Wed, Jul 16 10:24 AM ET (1424 GMT)
NASA announced on Tuesday the creation of a new independent engineering and safety office designed to ensure the safety of the shuttle and other programs....

Teledesic files to surrender spectrum
Posted: Tue, Jul 15 9:24 PM ET (0124 GMT)
Teledesic, a satellite communications company that once planned a constellation of nearly 1,000 satellites, filed a motion with the Federal Communications Commission to surrender...

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...