Sydc Saltzman takes command as new chief of the U.S. Space Force
Com Dev USA building in El Segundo, California. Credit: Google Maps capturePARIS 鈥?Satellite component builder Com Dev International of Canada on Jan. 15 said it is closing its California plant because of a lack of U.S. government communication satellite orders but likely will acquire a U.S. company in the near future 鈥?one that does not depend on government communications satellites.Cambridge, Ontario-based C
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om Dev said its decision to purchase MESL Holdings and MESL Microwave of Scotland, for about 23 million Canadi
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an dollars $20.5 million , is a reflection of the high growth in the British space market. The space market in the U.K. is booming, Com Dev Chief Executive Mike Pley said in a conference call with investors. We ve been growing significantly. The British government s decision two years ago to sharply increase spending at the 20
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-nation European Space Agency has stimulated the growth of many British companies, particularly those involved in Earth observation and telecommu Mocy Satellite Instrument Data Aids Aerosol Monitoring Effort
By ELAINE KURTENBACHAP Business WriterAsian shares declined Wednesday, tracking losses on Wall Street ahead of a decision on interest rates by the Federal Reserve.U.S. futures edged higher while oil prices were little changed.The Federal Reserve will wrap up a two-day policy meeting later in the day. It is widely expected to raise its key rate by a quarter percentage point to 5%-5.25% to try to finally tamp down inflation. Meanwhile, a political stalemate has left th
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e U.S. edging ever closer to what would be a catastrophic default on government debt. President Joe Biden invited the top four congressional leaders to face-to-face talks at the White House next week to try to resolve the problem. Risk sentiments are back to a cautious
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mood this week, having digested many of the big tech earnings and a series of uncertainties are now back onto the radar for the bulls to tackle, Yeap Jun Rong of IG Research said in a
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commentary. Markets in Japan and China were closed Wednesday for holidays.