SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: SafetyAgentMan who wrote (6287)6/14/1999 1:07:00 AM
From: SafetyAgentMan  Read Replies (1) | Respond to of 10852
 
Boeing says still backs Delta-3 launcher Reuters Story - June 13, 1999 13:06 By Alexander Miles LE BOURGET, France, June 13 (Reuters) - Boeing remains committed to its more powerful Delta-3 sath told a news conference at the Paris airshow. Albaugh said that no commercial passenger had yet been lined up for a third flight, but was confident one would be found when the results of the failure inquiry was established. The Seattle-based aerospace giant acquired the Delta family of unmanned launch vehicles when it purchased McDonnell Douglas Corp. Already in service at the time of acquisition was the highly reliable Delta-2 rocket used by the U.S. government as well as global commercial customers since the 1960s. But Delta-2 can boost only about two metric tonnes into geostationary transfer orbit (GTO) -- not powerful enough for most heavy communications satellites now being produced. Delta-3 was designed to boost up to 3.5 metric tonnes into GTO and compete with the European Ariane rocket series, the U.S. Atlas rocket as well as launchers from Russia and China. Its maiden flight last year exploded less than one minute after launch from Cape Canaveral, Florida destroying a $200 million satellite for Connecticut-based PanAmSat . A second launch last May put a satellite for LoralSpace/Orion into a useless orbit. Boeing said it currently has contracts for 16 launches through 2002, including 12 for Hughes and five for Space Systems/Loral. The two Delta failures coupled with three failures of Lockheed Martin Titan-4 rockets in the last year, carrying billion dollar military payloads and a failure of a smaller Athena rocket prompted President Bill Clinton to commission an inquiry by the U.S. Defence Dept. "It is vitally important that we understand the root causes behind the recent string of launch vehicle failures," Clinton said in a memo to Defence Secretary William Cohen in May. "As we enter the 21st century, reliable access to space will be more important than ever in accomplishing our national goals," Clinton said. Space insurance underwriters have reacted to the spate of failures by matching premium rates to the risk of specific rockets and satellites as opposed to the previous tendency to apply general rates throughout the industry. The Titan failures, however, are unlikely to affect rates as the U.S. government rarely insures its rockets and satellites.