Lockheed Martin will pay the US government $10.5 million to settle a lingering dispute dealing with overpayments made by the Air Force years ago for work on the now-retired Titan IV space launch vehicle. The Wall Street Journal reported May 13 (requires subscription) that, without acknowledging any wrongdoing, the company has agreed to provide that sum to resolve the row that ensued when USAF and Pentagon auditors accused it of manipulating billings on the Titan IV contract from 1998 to 2001 to request interim progress payments to which it was not entitled. The Pentagon identified the overpayments in 2004.
Celebrating 100 Years of Liquid-Fueled Rockets
March 11, 2026
March 16, 2026, marks 100 years since Dr. Robert H. Goddard launched the world’s first liquid-fueled rocket. Over the past century, new and ever more capable liquid-fueled rockets have literally propelled humanity into space. Why liquid-fueled rockets?