Boeing Takes Hit on Project.Boeing Co. will forfeit most of its potential profit from the International Space Station because of almost $1 billion in cost overruns, the National Aeronautics and Space Administration National Aeronautics and Space Administration (NASA), civilian agency of the U.S. federal government with the mission of conducting research and developing operational programs in the areas of space exploration, artificial satellites (see satellite, artificial), inspector general said. The aerospace giant will receive about $75.4 million of the $203 million it could have earned for keeping within budget. NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Administrator Daniel Goldin Daniel Saul Goldin (born July 23, 1940) served as the 9th and longest-tenured Administrator of NASA from April 1, 1992, to November 17, 2001. He was appointed by President George H. W. Bush and served under three presidential administrations. ordered a review of the space station contract last year after Boeing said its cost overruns on the projected $9.8 billion contract had risen $203 million to $986 million. Space station work is performed at Boeing facilities in Canoga Park and Huntington Beach Huntington Beach, city (1990 pop. 181,519), Orange co., S Calif., on the Pacific coast, across from Santa Catalina Island, in an oil-producing area; inc. 1909. It manufactures aerospace vehicles, aircraft parts, optical instruments, and heat transfer equipment. , as well as Houston and Huntsville, Ala. |
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