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March 21, 2004

Boeing: View From The Street

No one would question that the past year has been trying for Boeing. The aerospace giant essentially turned in a loss for 2003 before one-time gains and adjustments. Scandals prompted the departure of top executives and put a lucrative deal with the Air Force in limbo, where it remains today.

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Report: Underfunding Compromised Brazil's Space Bid

Electrical Discharge Faulted In Accident

An explosion that destroyed a Brazilian rocket in 2003, ending the country's third attempt at space flight, was caused by an unidentified electrical discharge that ignited an engine by mistake, a report said on Tuesday. The commission investigating the accident that killed 21 people found no specific reason for the electrical fault. But it said years of underfunding of Brazil's space programs had compromised the safety of the project.

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