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AFA reports $898 million economic impact

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AFA reports $898 million economic impact

  Budget cuts have taken their toll on the Air Force Academy and its overall economic impact to the community. Last year at this time, the Academy trumpeted its largest economic impact – $999 million, very close to $1 billion. This year, the AFA reports an economic impact of $898.8 million, still an impressive number.… Continue Reading AFA reports $898 million economic impact

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Federal law to widen state aerospace trade

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Local aerospace experts are discussing the enforcement of a new federal export law that some say will profoundly affect Colorado’s trade and production of space technology and research. Industry experts and representatives delivered public comments about the new law and its implementation at a recent forum organized by the Rocky Mountain District Export Council. The… Continue Reading Federal law to widen state aerospace trade

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Lockheed Martin delivers antennas for next-generation GPS satellites

Lockheed Martin is preparing to install the navigation, communication and hosted payload antenna assemblies for the first satellite for the next-generation Global Positioning System. Lockheed Martin is currently under contract for production of the first four GPS III satellites, and has received advanced procurement funding for long-lead components for four additional satellites. The GPS III… Continue Reading Lockheed Martin delivers antennas for next-generation GPS satellites

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Eight local businesses have teamed with the Colorado Springs Regional Business Alliance to offer discounts on Fridays through the end of the fiscal year to the federal civilian employees who are currently being furloughed. The furloughs were part of the Budget Control Act, which requires nearly every federal worker to take 11 days of unpaid… Continue Reading Local businesses ease furlough’s financial pinch

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Knapp to exit PTAC, executive director search begins

The Colorado Procurement Technical Assistance Center is looking for a new executive director. Ken Knapp, who’s served as executive director of the contracting assistance office since March 2012, is moving to Pennsylvania, where he took a job as the executive director of an educational nonprofit. He’s been at the PTAC since its beginning in 2009… Continue Reading Knapp to exit PTAC, executive director search begins

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Hagel’s visit highlights defense budget’s uncertainty

As the U.S. Army prepares to cut 80,000 military members — a 14 percent reduction in active-duty personnel — Secretary of Defense Chuck Hagel came to Fort Carson last week and assured soldiers that the cuts are an opportunity for a more nimble fighting force. Fort Carson will lose the 3rd Brigade Combat Team, part… Continue Reading Hagel’s visit highlights defense budget’s uncertainty

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ITT Exelis has been chosen as a prime contractor for the U.S. Marine Corps Logistics Command – a contract worth $854 million during five years. The selection gives the company, which has its mission systems function in Colorado Springs, the opportunity to submit proposals on requests for future logistic requirements for the Marine Corps. The… Continue Reading Exelis receives Marine prime contractor designation

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Fitch gives CS airport a stable outlook

Just after the Colorado Springs Airport announced new service to Seattle beginning late this year, the municipally owned regional airport got even more good news. Despite lower passenger rates, Fitch Ratings affirmed the airport’s $39.8 million in revenue bonds at BBB+ and a stable rating. Fitch noted that the airport had an enplanement base of… Continue Reading Fitch gives CS airport a stable outlook

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The Army will approach restructuring its combat brigades carefully, in order to maintain readiness and flexibility, Secretary of Defense Chuck Hagel during his visit Friday to Fort Carson. “We had to restructure, by law,” he said. “The Army decided to deactivate 12 brigrades. That decision affects this base. But in the long run, this base’s… Continue Reading Hagel: Carson will see ‘manpower increase’

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Fort Carson stands to gain 1,800 after Army restructuring

The Army’s restructuring plan has been kind to Fort Carson. While other military posts around the world will see losses of thousands of soldiers as the Army moves to a smaller fighting force, the Mountain Post now is scheduled to grow by 1,800 during the next six years. “Including other restructuring changes, the Army anticipates… Continue Reading Fort Carson stands to gain 1,800 after Army restructuring

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