The Orbital Sciences Antares rocket is a new rocket system. During a launch last night from the Mid-Atlantic Spaceport at Wallops Island, VA, only its fifth, something failed causing this spectacular explosion. Luckily, no one was injured, but it does appear there is significant damage to the launch facility.
The explosion occurred approximately 15 seconds into the flight.
Continue reading Watch $200 Million Burn
In the 1960s, American Airlines was looking for a jet smaller than a 747 that could still fly long distances and carry 400 passengers. They approached Lockheed, who was reeling from the loss of some military contracts. Lockheed decided to give it a go, and wound up with a tri-jet configuration that would go by the name Lockheed L-1011 “Tristar”. Only 250 were produced, meaning Lockheed took a major loss on each one. Problems with engine supplier Rolls Royce hampered production. Meanwhile, the very similar Douglas DC-10 was stealing the show…and customers.
Continue reading Not Stock: Orbital Sciences L-1011