Business

November 30, 2012

Federal Launch Liability Indemnification Bill passed

The U.S. House of Representatives has passed an extension of the government’s authority to indemnify launch services companies from third party claims for certain amounts of money resulting from launch vehicle accidents.

The current authority expires Dec. 31, 2012. H.R. 6586 was not controversial, and it extends for two years the provisions of a 1988 law. The main argument for the bill is that the U.S. launch services industry needs a level playing field in order to successfully compete with other countries that indemnify their companies.

“I commend the House’s swift action today to extend commonsense space liability provisions for entrepreneurs engaging in commercial space launch activities that will ensure continued robust innovation in the commercial space sector,” said Congressman Kevin McCarthy, R-Calif., in a statement. “Our area is a leader in the commercial space industry in California and the country, which is why I was pleased to co-author this important bill and bring this legislation to the floor for a vote.  This legislation will help innovative commercial space companies – like those located right here in Eastern Kern and the Antelope Valley – prosper and create new American jobs that will keep our country on the cutting edge of space travel.”

Stuart Witt, CEO and general manager of the Mojave Air and Space Port and Chairman of the Commercial Spaceflight Federation said, “The House of Representatives took an important step today to protect a core American industry that provides high-tech jobs across the country. This extension of a provision expiring at the end of the year will allow American space launch companies to compete on the world market and ensure that we maintain the robust launch industry necessary for national security and economic growth.

Virgin Galactic president George Whitesides thanked McCarthy and the co-sponsors of this bill for their efforts to strengthen U.S. competitiveness in the worldwide launch market, and support the growing American commercial space industry.

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 28, 2014

News: U.S. has lost track of weapons given to Afghanistan - The United States supplied almost three quarter of a million weapons to Afghanistan’s army and police since 2004, but the military cannot track where many of those arms have gone, a new report found. Bill to improve VA has $17 billion price tag - A bipartisan...
 
 

News Briefs July 28, 2014

Marines seek authorization for dolphin deaths The Marine Corps is asking for a five-year authorization from the National Marine Fisheries Service for incidental deaths of bottlenose dolphins during training exercises at a bombing and target range. The Sun Journal of New Bern, N.C., reports that Connie Barclay of the National Oceanic and Atmospheric Administration says...
 
 
Army photograph by David Vergun

Senior leaders explain Army’s drawdown plan

Army photograph by David Vergun No commander is happy when notified that a soldier from his or her command has been identified for early separation. But commanders personally notify those Soldiers and ensure participation in th...
 

 

Northrop Grumman awarded mission support services contract

The U.S. Army awarded Northrop Grumman a cost-plus-fixed-fee contract, with a potential value of $205 million, to continue providing mission logistics services in support of combat brigades training at the National Training Center in Fort Irwin, Calif. The contract covers one base year and two one-year options. Support will include the full range of mission...
 
 
Lockheed Martin photograph by Beth Groom

F-35 Rollout Marks U.S.-Australia Partnership Milestone

Lockheed Martin photograph by Beth Groom Royal Australian Air Force Air Marshal Geoff Brown delivers his remarks at the roll out ceremony for Australia’s first F-35. The official rollout of the first two F-35 Lightning II...
 
 
NASA/JPL-Caltech image

NASA’s Mars spacecraft maneuvers to prepare for close comet flyby

NASA/JPL-Caltech image This graphic depicts the orbit of comet C/2013 A1 Siding Spring as it swings around the sun in 2014. On Oct. 19, the comet will have a very close pass at Mars. Its nucleus will miss Mars by about 82,000 m...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>