U.S. aerospace and defense in 2017 posted a positive trade balance. But there are concerns that escalating trade wars could hurt future growth.
With an already dysfunctional U.S. House of Representatives sinking deeper into chaos, a small but gutsy group of Republicans pulled an arcane procedural maneuver to force a vote as soon as Oct. 26 on reauthorization of the U.S. Export-Import Bank.
Israel Aerospace Industries, in its first satellite export contract, has sold a high-resolution optical imaging spacecraft to an unnamed government and is also introducing an all-electric version of its Amos telecommunications satellite line.
A U.S. bankruptcy court’s May 22 decision to allow Lockheed Martin to cancel a satellite construction contract with a near-penniless customer — startup satellite operator NewSat of Australia — has handed the U.S. and French export-credit agencies their first satellite industry failure.