Congress Passes Big Vet COLA: Lawmakers have approved a measure that would provide the largest Cost of Living Adjustment to veterans since 1991, says Sen. Larry Craig (R-Idaho), chairman of the Senate Committee on Veterans’ Affairs. The boost would be 4.1 percent. If President Bush signs the measure, veterans will see the increase in their January paychecks. The legislation benefits nearly 2.6 million veterans with service-connected disabilities.
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.