The Air Force military construction’s coffers are getting a boost this year thanks to the recently passed federal stimulus bill. Speaking Thursday at AFA’s Air Warfare Symposium in Orlando, Fla., Air Force Secretary Michael Donley said the MILCON increase is in the form of more than $300 million to build dormatories and child development centers on USAF bases and more than $1 billion to upgrade base facilities and infrastructure.
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.