Units of Lockheed, British Aerospace to bid on project
Article Abstract:
British Aerospace PLC's unit, British Aerospace Defense Systems, and Lockheed Martin Corp.'s unit, Lockheed Martin Missiles & Space, will vie on a two-year UK project for Skynet 5 National, a military satellite communications system. According to the two firms, they recently presented a proposal for the Project Definition Study to specify the architecture of the satellite communications of the military to the Ministry of Defense of the UK. The ministry is anticipated to decide on the matter in summer 1998. The planned Skynet 5 National will offer communications coverage over Africa, the eastern US, Europe, the Atlantic Ocean, portions of Asia and the Middle East.
Comment:
Its unit Lockheed Martin Missiles & Space will bid on 2-yr UK project for Skynet 5 National, a military satellite commun system
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Virgin Atlantic scraps plans for U.S. airline
Article Abstract:
Virgin Atlantic Airways has decided to forego plans to start up a domestic service in the US. UK-based Virgin Atlantic CEO Richard Branson stated that the company may still pursue the service once the US government eases regulations that confine foreign ownership. A spokesman for the airline stated that Branson is against the transaction that would grant him a mere 25% ownership of voting shares. Branson is currently urging the US government to cancel foreign-ownership restrictions on airline services.
Comment:
Decides to forego plans to start up a domestic service in the US
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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