Free Republic

Lockheed Martin will forfeit all profits associated with a U.S. government weather satellite that was severely damaged in a mishap that NASA attributed to a lack of procedural discipline throughout the company's Sunnyvale, Calif., manufacturing facility. Under an agreement with NASA and the U.S. National Oceanic and Atmospheric Administration (NOAA), Lockheed Martin will help cover the cost of repairing the NOAA N-Prime satellite out of the profits it had earned, or was to earn, on the pro-gram. The government will foot the rest of the $135 million repair bill, according to NASA spokesman Dave Steitz. NASA buys and launches weather...