Senate and House conferees agreed late last week to hold the Fiscal 2006 supplemental appropriations for the war on terror and hurricane recovery to $94.5 billion—more than the House proposed, but much less than the Senate version. The President had requested $98.7 billion and vowed to veto the measure if lawmakers went above the Administration request. The conferees agreed to fund DOD at the Administration’s request of $65.8 billion. (Find the Senate summary here and the House here.)
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.