Talk around the Beltway never strays far from spending puzzles—the latest, of course, how to pay for Katrina. Analysts project the cost for recovery efforts at nearly $200 billion. Thoughts naturally turn to cuts. Questioned if the Pentagon would have to cut programs to pay its share, Defense Secretary Rumsfeld opined, “There’s no point in speculating.” Of course, speculation already runs high that the Quadrennial Defense Review will be taking hefty cuts on its own.
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.