ATK, which is already reeling due to cuts in defense programs and the pending end of the space shuttle program, stands to lose hundreds of millions of dollars if President Obama’s new plan for NASA is approved. Space News reports:
In a conference call with investors, ATK Chief Financial Officer John Shroyer spelled out how much Ares’ cancellation would cost ATK — some $650 million would be removed from the company’s backlog — and said Ares and the rest of the Constellation program can only be terminated with congressional approval.




NASA UPDATE
LOCKHEED MARTIN STATEMENT