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Business briefs: April 9
Posted: Wed, Apr 10, 2002, 8:48 AM ET (1248 GMT)
- Boeing announced Tuesday that it has won another launch for the heavy version of its Delta 4 launch vehicle. The National Reconnaissance Office will use the Delta 4 Heavy to launch a classified payload in 2004. Two Delta 4 Heavy launches, of a demonstration payload and an Air Force Defense Support Program satellite, are planned for 2003.
- XM Satellite Radio is planning a secondary stock offering to raise additional funding for the company, the Washington Post reported Tuesday. The company expects to raise $203 million by selling 15 million shares. The sale will raise enough money to keep the company operating into the second quarter of 2003, but not long enough before the company becomes profitable.
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