Tag Archives: 2021

FAA Celebrates 2020 Record of Licensed Space Operations; Elaine Chao Quoted

FAA Safety Field Office

The Federal Aviation Administration (FAA) has approved 41 commercial space launches and reentries in 2020, breaking a new record in the area. “This record-setting year in launches, and the new streamlined launch and reentry licensing regulations, bode well for continued rapid growth of America’s commercial space sector,” said Elaine Chao, secretary of Transportation.

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SAIC Reports Q3 FY 2021 Financial Results; Nazzic Keene Quoted

Nazzic Keene

Science Applications International Corporation (SAIC) has announced results for the third quarter ended October 30, 2020. SAIC has estimated that the third quarter program impact from the COVID-19 pandemic to be approximately $60 million of revenue and $9 million of adjusted EBITDA. The impacts were driven by reduced volume in SAIC’s supply chain business, lower FAA training service revenues,and uncertain profit recovery on ready-state labor. 

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