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Following the eruption of the Eyjafjallajökull volcano in Iceland, Flightglobal keeps you up to date with all the latest news, information and images on the ash cloud which has had such a dramatic effect on European Airspace.

All the latest news on the Icelandic ash cloud

  • Astrotech shareholders approve sale to Lockheed Martin

    ​Shareholders in loss-making launch preparation services provider Astrotech have voted in favour of a deal announced on 29 May to sell essentially all of the company to Lockheed Martin, for $61 million. Astrotech, which provides final testing, fueling, encapsulation and day-of launch support from Cape Canaveral and Vandenburg AFB, describes its 18-month backlog as “relatively healthy” but in the nine months to end-March lost $4.8 million before taxes on revenue of $10.8 million. In its full year to 30 June 2013, Astrotech lost $723,000 before taxes on revenue of $24 million. Full Article

    Thu, 21 Aug 2014 12:23:14 Z