The White House chief budgeteer Rob Portman told reporters Tuesday that the Administration’s estimate of $110 billion to fund the war in Iraq for Fiscal 2007 is too low. He believes it could go as high—or higher—that last year’s $120 billion. The amount, said Portman, hinges on the new plan the Administration ultimately formulates.
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.