logo_db.gif (1248 bytes)

Flash! Archive
June 2002

May 2002

April 2002

March 2002

February 2002

January 2002

December 2001

November 2001
October 2001
September 2001
August 2001
July 2001
June 2001
May 2001
April 2001
March 2001
February 2001
January 2001
December 2000
November 2000
October 2000
September 2000
August 2000
July 2000
June 2000
May 2000

Beal Aerospace Laysoff 85

More Information:

With the rocket develoment program over budget and behind schedule Beal Aerospace Technologies Inc. laid off  85 employees from across the company. Sixty-five employees will remain. Each laidoff employee will receive at least 60 days of severance pay. Instead of developing the various components in parallel, the company will now work on them in series. Beal will adjust its development to focus on building with the rocket engines and tanks and moving on to other components later.

Beal Aerospace was founded in 1997 by banker, Andrew Beal. The company first considered and then rejected a smaller booster, the BA-1, before swithcihg the development focus to a large expendable rocket, the BA-2. The company had planned to launch the first BA-2 from Cape Canaveral in 2002, a date which now may be delayed. Until now, Beal Aerospace has been funded from profits of Beal Bank. 
  

SPACEandTECH Digest is a weekly roundup of the latest industry news of interest to the space professional. SPACEandTECH Flash! is an internet push service offered by Andrews Space & Technology to bring the latest on orders, launches, and important breaking news to your desktop. SPACEandTECH Digest and SPACEandTECH Flash! are part of the Andrews Space & Technology www.spaceandtech.com website, a website designed to serve the information needs of the space industry.

If you would like to subscribe to the SPACEandTECH Flash! (currently a free service), contact the www.spaceandtech.com Editor-in-Chief, Joe Hopkins, at editor@spaceandtech.com



October 2, 2000

space.gif (43 bytes)


On the Pads provides a summary of upcoming launches.

Advertise with SPACEandTECH

Advertise with SPACEandTECH

Advertise with SPACEandTECH