Spacecraft orbit that precesses, wherein the location of
periapsis changes with respect to the planet's surface so as to
keep the periapsis location near the same local time on the planet
each orbit.
"Piper is not immune to the deteriorating global
economy, and we have adjusted our work schedules and staffing
levels to this reality... Piper's efforts are designed to preserve
as many jobs and associated benefits as possible, as well as
position ourselves to emerge from this downturn as a stronger
company."
Source: Mark Miller, spokesman for Piper
Aircraft. The planemaker has reportedly started has terminating
employees, and is not revealing how deep the cuts will be.
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