Boeing Merges Satellite, Launch Units

By | July 23, 2003 | Uncategorized

Due to continued weakness in its space and launch businesses, Boeing [NYSE: BA] has decided to consolidate its satellite and launch businesses. The company reported a $1.1 billion pre-tax charge for the second quarter as a result of losses at these units.

Boeing Satellite Systems will be consolidated into Boeing’s Space and Intelligence Systems unit. Dave Ryan will continue to head the satellite manufacturing unit and will report to Roger Roberts, senior vice president of Space and Intelligence Systems.

Expendable Launch Systems, which produces and operates the Delta family of launch vehicles, will be merged with Air Force Systems. Will Trafton, vice president and general manager of Expendable Launch Systems, will continue to lead the launch business and will report to George Muellner, senior vice president of the Air Force Systems units.

Rocketdyne Power and Propulsion, the builders of the Space Shuttle Main Engine and power generation systems onboard the International Space Station, will become part of NASA Systems. Byron Wood, vice president and general manager of Rocketdyne, will continue to lead the business and will report to Mike Mott, vice president and general manager of NASA Systems.

For more on this story, see the July 28 issue of SATELLITE NEWS. For info on subscribing to PBI Media’s satellite newsletters, check out our Web site at http://www.telecomweb.com/catalog.

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