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Bush Signs Supplemental Spending Bill With Space/Missile Funding

By | June 19, 2006

      President Bush signed into law a supplemental appropriations bill that provides funding for various space- and missile-related programs in the current fiscal 2006 that ends Sept. 30.

      For example, the bill includes $203.3 million for Army missile procurement. While the funding is contained in the fiscal 2006 measure, it will remain available through the end of fiscal 2008.

      The measure also provides $35 million for repair and rehabilitation of assets at the Stennis Space Center in Mississippi and Michoud Assembly Facility in New Orleans after they suffered hurricane-caused damage.

      As well, the bill contains $8.57 million for shoulder-fired rockets of various types, and $10 million for different types of Hydra 70 rockets.

      For the Navy, there is $55.2 million for Hellfire missiles made by Lockheed Martin Corp. [LMT].

      For the Marine Corps, the bill provides $3.7 million for the Javelin shoulder-mounted missile by Raytheon Co. [RTN] and Lockheed.

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