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News briefs June 6
Posted: Fri, Jun 7, 2002, 8:36 AM ET (1236 GMT)
- ICO Global Communications has closed most of its London headquarters as its owners debate the future of the satellite communications company, Space News reported Thursday. The company is waiting for a ruling from the FCC on its request to use terrestrial repeaters to augment its proposed satellite constellation. If the FCC does not grant approval, analysts believe that ICO may shut down. In the meantime, ICO will consolidate its operations in Kirkland, Washington, home of lead investor Craig McCaw.
- Arianespace is expected to announce Friday that it is separating the roles of chairman and CEO. Jean-Marie Luton, current chairman and CEO, will retain the chairman position while current managing director Jean-Yves Le Gall will become CEO. The change was mandated by new French regulations on corporate leadership, according to Dow Jones Newswires.
- Boeing and Mitsubishi are slowing development of a new upper-stage rocket engine, Bloomberg News reported Thursday. The article blamed the current decline in the commercial space market for the decision to shift resources from the proposed MB-XX engine to other engine projects, funded by NASA, at Boeing's Rocketdyne division. The MB-XX would have competed against Pratt and Whitney's RL-10 engine.
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