aerospace

BAE North American Aerospace Units Up for Sale

BAE Systems PLC, the world's second-largest defense company by revenue, will auction off divisions of its North American commercial aerospace business, a sale that could net up to $2 billion, according to The Wall Street Journal.

Free Market to Take Over Space Travel

President Obama presented an overhauled aerospace plan Thursday that will officially mothball NASA's space shuttle program, and put the future of human space travel squarely in the hands of private sector companies. The administration's new free-market approach of designing and operating spacecraft could mean big business for a handful of U.S. companies in what will decidedly be a lucrative new market.