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 September 22, 2014

News: U.S., Canadian jets intercept Russian planes -  The U.S. this week intercepted a half dozen Russian planes that got too close to U.S. airspace near Alaska, while Canadian planes intercepted two Russian bombers, NORAD said Sept. 20. Odierno: More troops in Afghanistan may get pink slips - More soldiers could learn while in Afghanistan that they...
 
 

News Briefs September 22, 2014

U.S. general: Arab nations needed in Iraq, Syria The top U.S. military officer says Arab countries need to take a more direct role in the U.S. military mission in Iraq before it can be credible and sustainable. Army Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said Sept. 21 that President Barack Obama...
 
 
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...
 

 
NASA image

NASA’s newest Mars mission spacecraft enters orbit around red planet

NASA image This animation depicts NASAís Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft orbiting Mars. NASA’s Mars Atmosphere and Volatile Evolution spacecraft successfully entered Mars’ orbit at 10:24 p...
 
 
nasa-mars-website

NASA launches new citizen science website

Opens challenge to participate in future Mars missions NASA announced Sept. 20 the opening of registration for its Mars Balance Mass Challenge and the launch of its new website, NASA Solve, at the World Maker Faire in New York....
 
 
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...
 




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>