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January 20, 2012

LightSquared Attacks Latest Interference Tests

But Time May Be Short As Investors Bet On Failure

When Harbinger Capital Partners invested in LightSquared, it was betting that radio spectrum, bought at prices reflecting its availability only for satellite downlinks, could be repurposed into a much more valuable terrestrial 4G LTE network. Instead, LightSquared is now seeing its own debt being traded at steep discounts, a sign that some investors believe the company will not be able to complete its network.

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F-35A Performs First Night Flight

Lokckheed Martin Says It Has A Fix For The JSF's Fuel Dump System

The first night flight in the history of the Lockheed Martin F-35 Program was completed Wednesday at Edwards Air Force Base, CA. Piloted by Lockheed Martin Test Pilot Mark Ward, AF-6, an F-35A conventional takeoff and landing (CTOL) variant, launched at 1705 PST and landed after sunset at 1822.

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