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.


 
 

 
boeing-ethiopia

Boeing, Ethiopian Airlines announce order for 20 737 MAX 8s

  Boeing and Ethiopian Airlines Sept. 20 announced an order for 20 737 MAX 8s. The order, previously unidentified on the Boeing Orders & Deliveries website, is worth more than $2.1 billion at list prices and also inclu...
 
 
airbus-collaboration

Airbus Group, Aerion announce technology collaboration

Airbus Group and Aerion Corporation have agreed to collaborate on technologies associated with the future of high-performance flight. To further their mutual objectives, both companies will exchange knowledge and capabilities i...
 
 

Boeing to upgrade specialized ICBM guidance system test Equipment

Boeing will continue to ensure the readiness of the nationís Minuteman III intercontinental ballistic missile system with the development of a new Guidance Data Acquisition System. Under a $4.9 million contract awarded by the U.S. Air Force, Boeing will update and replace the aging GDAS, a key piece of equipment that tests the guidance system...
 

 

Boeing to open first cyber analytics center outside U.S.

Boeing will open its first Cyber Analytics Center outside the U.S. in Singapore, to bring advanced cybersecurity capabilities and services to customers in the Asia-Pacific region. The center will help train and equip cybersecurity professionals, perform advanced analytics and serve as Boeing’s regional cybersecurity center of excellence. Boeing will hire and train cybersecurity professionals...
 
 

Lockheed Martin receives additional EW contract to protect Navy’s fleet

The U.S. Navy awarded Lockheed Martin an additional $147 million contract to upgrade the fleet’s electronic warfare defenses against evolving threats, such as anti-ship missiles. Under this low-rate initial production contract for Block 2 of the Navy’s Surface Electronic Warfare Improvement Program, Lockheed Martin will provide 14 systems to upgrade the AN/SLQ-32(V)2 system on all...
 
 

Pratt & Whitney, U.S. Air Force complete qualification for F135 engine testing

Pratt & Whitney, a United Technologies Corp. , together with its U.S. Air Force partner at the F135 Heavy Maintenance Center at Tinker Air Force Base, Okla., celebrated another significant milestone qualification for F135 engine testing at the Oklahoma City Air Logistics Complex. OC-ALC which in addition to engine testing is also qualified to perform...
 




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>