Jun 3 1974
From The Space Library
Italy would build a ground station to receive data from NASA'S Earth Resources Technology Satellites, NASA announced. Under a Memorandum of Understanding between NASA and Italy's communications satellite organization Societe per Azioni per le Comunicazioni Spaziali (Telespazio ) the station, at Fucino, would complement existing stations in Fairbanks, Alaska; Goldstone, Calif.; Greenbelt, Md.; Prince Albert, Canada; and Cuiaba, Brazil. NASA'S ERTS 1 had been transmitting data since 23 July 1972 launch; ERTS-B was scheduled for spring 1975 launch. (NASA Release 74-142)
Operation of a demonstration solar heating and cooling unit was begun at Marshall Space Flight Center, using three house trailers to simulate a residence. Continuing studies would combine NASA and industry capabilities to improve efficiency and minimize cost. Efforts included development of a computer-simulation procedure for technical and economic evaluation of the systems, studies to explore mass-production effects on solar-collector costs, definition of a commercially practical absorption-cycle air conditioner that could be operated with water at 353 K (176°F) to 357 K (183°F) , verification of the absorptive coating stability and application of coatings to lower-cost materials, and evaluation of other thermal storage techniques, such as melting and freezing waxes, as used in spacecraft. (MSFC Release 74-77)
Directors of Lockheed Aircraft Corp. and Textron Inc. announced tentative agreement on a management reorganization to aid the financially troubled Lockheed. Textron would invest $85 million in Lockheed shares and stock. Textron's Chairman and Chief Executive Officer G. William Miller would also become Chairman and Chief Executive Officer for Lockheed; Lockheed's Chairman Daniel J. Haughton would become Vice Chairman. Lockheed was to remain a separate corporation. The arrangement provided for the release of the Federal Government from its 1971 guarantee of up to $250 million in bank loans to Lockheed. The agreement was subject to several conditions, including requirements for Lockheed to bring firm production commitments of its L-1011 TriStar aircraft to a total of 180 and to change accounting procedures. (Textron Release, 3 June 74; Witkin, NYT, 4 June 74,1)
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