The strategy employed by Boeing to win $3.5 billion worth of missile defense work late last year reveals a willingness on the part of the aerospace giant to embrace highly aggressive pricing and low margins to hedge against the uncertainty ahead with waning Pentagon spending. And, the company's rivals are taking notice.

Europe may be mired in financial austerity, but that has not derailed the region's effort to duplicate GPS with the Galileo satellite navigation and timing constellation. Instead, it is changing the economic equation underpinning the program.

A multibillion-dollar commercial satellite imagery program and a showcase example of the Obama administration's forward-looking commercial remote-sensing space policy has been targeted for cuts that could impact U.S. military and allied operations and potentially lead to industry consolidation in the U.S. sector.

Are defense contractors earning too much money in an era of budget austerity? That question is being asked at the Pentagon after earnings results showed the industry managed to maintain and in many cases bolster profit margins in 2011, even as growth evaporated.

The first of the retired space shuttle orbiters to go on display will arrive at its final destination April 17. Discovery is due to land at Washington Dulles International Airport atop a shuttle carrier aircraft and then be delivered to the National Air and Space Museum's Steven F. Udvar-Hazy Center there two days later. NASA's workhorse shuttle will replace the atmospheric test article Enterprise in the museum display.

The Japan Aerospace Exploration Agency (JAXA) plans to distribute some of the minute samples its Hayabusa probe returned from the asteroid Itakowa. The spacecraft, which imaged its shadow against the type-S asteroid as it approached in the fall of 2005 (see photo), returned more than 1,000 asteroid particles measuring about 10 micrometers (0.0004 in.) despite control problems at its target (AW&ST Nov. 22, 2010, p. 18). The tiny samples have been analyzed by Japanese scientists and now will be available in a peer-reviewed opportunity.