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For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home. The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. — build missiles, aircraft, jet fighters and tanks while employing tens of… Continue Reading ‘Doomsday’ defense cuts loom large for select 12

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Ho-hum: Springs economy staying the same

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What difference does a year make? When it comes to the Colorado Springs economy: very little. At this time last year, the city was optimistic about the path forward. Fred Crowley, professor of economics at the University of Colorado at Colorado Springs and principal of the Southern Colorado Economic Forum, predicted steady recovery. And he… Continue Reading Ho-hum: Springs economy staying the same

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Aerospace and defense companies in Colorado Springs received good news from President Obama’s 2012 budget this week, but it wasn’t so kind to NASA. First the good news: Major rocket and satellite programs got a boost. And additional funding for space programs — including maintenance, research and development — means big money for aerospace companies… Continue Reading Obama budget favors rockets, satellites, but not NASA

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Aerospace incubator seeks new start-ups

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The Center for Space Entrepreneurship is seeking new incubator candidates for its eSpace Incubator program. The center is a nonprofit business incubator and work-force development organization for aerospace start-up companies, located in Boulder. Current participants and alumni of the incubator include creators of the flying hybrid, a Google Lunar X Prize contestant and a business… Continue Reading Aerospace incubator seeks new start-ups

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The aerospace industry posted more than $216 billion in sales in 2010, a 20 percent increase above 2009. The figure is still down from the record highs in 2007, but industry experts are hopeful the increase marks the end of recent declines in orders. “Aerospace has produced solid results, leading all manufacturers in trade surplus,”… Continue Reading Aerospace industry posts sales figure of $216 billion

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The last two years have been tumultuous for the U.S. space industry, but things are expected to calm down a bit in 2011 — even as Congress cuts programs and budgets. Some very large companies are preparing for more austere times by offering early retirement to senior staff members, said Brenden Curry, vice president of… Continue Reading 2011 Forecast: A brighter outlook for space economy in Colo. Springs

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Cadets at the Air Force Academy launched their latest cadet-built satellite from the Kodiak Launch Complex in Alaska last week. It took four years to make the launch happen, and the cadets are responsible for designing, building, integrating, testing and repairing the satellite, said Col. Marty France, head of the department of astronautics at the… Continue Reading Academy cadets launch weather satellite into orbit

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Colorado will get at least a share of the business from the Mars probe. Continue Reading CU Boulder scientists to help in Mars probe launch

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Huntsville, Ala., long one of the Springs’ biggest competitors for aerospace and defense industry jobs, is stepping up its push to recruit business and military missions from the Pikes Peak region. But this time, the Rocket City could face stiffer competition from the Springs. A coalition of city and business leaders is working to give… Continue Reading Looming larger: Huntsville threat

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Lockheed Martin 3Q profit falls 28%

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Even as the big defense contractor Lockheed Martin was explaining why its third-quarter profit shrank 28 percent, British Prime Minister David Cameron was laying out sweeping defense cuts on Tuesday. They include a smaller order for Lockheed’s new F-35 Joint Strike Fighter, built in Fort Worth, Texas. Continue Reading Lockheed Martin 3Q profit falls 28%

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