Dec 22 1970
From The Space Library
Boeing Co. announced completion of lunar roving vehicle (LRV) qualification unit, last in series of test units leading to manufacture of first LRV flight model. Fabrication of major components for three flight-model LRVS would begin soon, with first LRV delivered to NASA April 1, 1971, and carried to moon on Apollo 15 in July 1971. (Boeing Release)
NASA announced selection of Hughes Aircraft Co. for $22-million, cost-plus-award-fee contract for new, more advanced series of Orbiting Solar Observatory (OSO) spacecraft. Hughes would deliver three flight spacecraft, OSO I, J, and x, for missions in 1973, 1974 and 1975; provide ground support equipment; and perform launch services. (NASA Release 70-218)
General Telephone & Electronics Corp. announced proposed plan to establish satellite communications system within U.S. If FCC approved, system would be operational within 24 mos. Hughes Aircraft Co. would lease eight radio channels required by General Telephone & Electronics in one of two 12-channel comsats that Hughes Aircraft had proposed for domestic use. Backup channels would be provided in second comsat for reliable short-term use during peak periods. Gross investment for system was estimated at nearly $27 million. (GT&E Release; Reuters, B Sun, 12123/70)
ComSatCorp reported third quarter net income of $4 271000 (43 cents per share), up from $1446000 (14 cents per share) for third quarter of 1969. Increase was attributed to increased comsat traffic. (ComSatCorp Rpt to Shareholders)
Appointment of Apollo 8 Astronaut Frank Borman as Senior Vice President-Operations Group was announced by Eastern Airlines Chairman and Chief Executive Officer Floyd D. Hall. (EA Release)
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