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.


 
 

 

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 completes operational flight tests of GMLRS alternative warhead

DALLAS, July 28, 2014 /PRNewswire/ –†Lockheed Martin has successfully completed all Developmental Test/Operational Test flight tests for the new Guided Multiple Launch Rocket System Alternative Warhead at White Sands Missile Range, N.M. The DT/OT tests included rockets fired at both mid and long range. All rockets were fired from a High Mobility Artillery Rocket System...
 
 
lm-kmax

Lockheed Martin’s unmanned cargo helicopter team returns from deployment

After lifting more than 4.5 million pounds of cargo and conducting thousands of delivery missions for the U.S. Marine Corps, the Lockheed Martin and Kaman Aerospace Corporation K-MAX cargo unmanned aircraft system has returned ...
 

 

SPEEA files age discrimination charge against Boeing

After months of investigation, the Society of Professional Engineering Employees in Aerospace, IFPTE Local 2001, charged Boeing with age discrimination. Acting on behalf of SPEEA-represented engineers, the union filed the third-party charges July 23 with the Equal Employment Opportunity Commission and the Washington State Human Rights Commission. The evidence is overwhelming that Boeing hatched...
 
 

Commercial jets push Boeing profits up 52 percent

Increased production of passenger jets helped push up Boeing’s profit by 52 percent in the second quarter, topping Wall Street’s expectations. The Chicago-based company said net income increased to $1.65 billion, or $2.24 per share, from $1.09 billion, or $1.41 per share, in the same quarter a year ago. Earnings, adjusted for non-recurring costs, came...
 
 

Comprehensive MEADS network tests demonstrate unmatched plug-and-fight missile defense capabilities

The Medium Extended Air Defense System recently completed a comprehensive system demonstration at Pratica di Mare Air Base near Rome, Italy. The two-week test demonstration included significant first-time events that were observed by several national delegations. “The outstanding result is that we have demonstrated the full range of advanced network capabilities that only MEADS can...
 




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>