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August 11, 2007

Whoops! Lockheed Tells Pentagon It Was Overbilled On JSF

Says Company Will Repay $265 Million In Overages

Lockheed Martin Corp. -- ever-sensitive to any whisper of impropriety when it comes to government contracts -- notified the Pentagon this week it discovered an "inadvertent billing error" on the F-35 Joint Strike Fighter program... and says it plans to repay the overages, to the tune of $265 million.

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Mars-Bound Phoenix Probe Adjusts Course Successfully

Second Correction Planned For Mid-October

On Friday, NASA's Phoenix Mars Lander accomplished the first and largest of six course corrections planned during the spacecraft's flight from Earth to Mars.

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China Plans To Map 'Every Inch' Of Lunar Surface

CNSA Taking Three-Step Plan For Moon Exploration

China continues to push forward with its ambitious space program... and assert its goals to the global community. On Friday, state media reported Chinese space officials plan to map "every inch" of the lunar surface, before pursuing more ambitious projects.

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NASA Awards First Stage Contract For Ares Rocket

Agency's NextGen Manned Space Program Comes Together

NASA has signed a $1.8 billion contract with Alliant Techsystems, known as ATK, located near Brigham City, UT for the design, development, testing, and evaluation of the first stage of the Ares I and Ares V launch vehicles.

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