Boeing would receive $203.9 million to build two military-communications satellites under the Pentagon's latest five-year budget plan, according to budget documents.
Boeing would receive $203.9 million to build two military-communications satellites under the Pentagon’s latest five-year budget plan, according to budget documents.
The proposed budget for 2007-2011 calls for adding a fourth and fifth high-speed communications satellite to the three the Department of Defense ordered from Boeing in 2002.
The new satellites were ordered up by Deputy Defense Secretary Gordon England in a Dec. 20 memo.
The $1.8 billion program has been dogged by quality-control problems, delaying the launch of the first satellite by three years to June 2007.
The additional orders indicate the Pentagon has confidence the issues have been resolved, an analyst said.
“This is very good news for Boeing at a time when its space operations seemed to be faltering,” said Loren Thompson, a military analyst for the Arlington, Va.-based Lexington Institute.
Boeing spokesman Joseph Tedino had no immediate comment.
The satellite-funding request must be approved by the White House Office of Management and Budget before it is included in the formal budget released in February.
orders more 777s
Boeing disclosed Thursday that Avion Group, an Icelandic company that leases and operates planes for other carriers, had ordered four additional 777 freighters.
Boeing had previously listed the buyer of the four planes as “unidentified.” The order would be worth up to $928 million at list prices, although airplane customers typically negotiate steep discounts.
Avion Group had already announced an initial four-plane order for the widebody cargo planes in September.Microsoft
flaw in Windows
A new-found flaw in Microsoft’s Windows operating system is being used by hackers to install malicious code on personal computers.
Users can infect their computers by visiting certain Web sites that are able to exploit some Windows-based applications, Internet security company Panda Software said Thursday.
The flaw leaves PCs open to adware and spyware as well as Trojans that can hide damaging programs.
Internet Explorer, Outlook and the Windows Picture and Fax viewer are used to insert the potentially harmful code, said Patrick Hinojosa, chief technology officer of Panda.
Microsoft hasn’t yet developed a security patch and recommends customers use caution and keep anti-virus software up to date.
Compiled from Bloomberg News and The Associated Press