The Pentagon designated the Air Force to ensure the Defense Department gets reimbursed for expenses related to military support to Hurricane Katrina. Officials calculate the tab at about $1.6 billion. The money is to come from FEMA, Homeland Security, or whoever is going to provide those funds,” says John Vonglis, acting Air Force assistant secretary for financial management and comptroller. Vonglis considers the role an honor that reflects “superb skill in financial management, our people skills, our processes, and our systems.” No offense to the Air Force’s sharp comptroller corps, but we bet USAF got the short straw.
RTX, parent of Raytheon, Collins and Pratt & Whitney, is getting out of the space prime business and focusing on its "strengths" as a maker of space sensors, buses, and components, company COO Chris Calio said during an earnings call.