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(Beal Aerospace regrets to announce that it is ceasing all business opera\
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(BEAL )Tj
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(AEROSPACE)Tj
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( TECHNOLOGIES,INC.)Tj
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5.803 -1.206 Td
( )Tj
17.5 0 0 17.5 206.075 635.1306 Tm
(8000 Dallas North Pkwy.)Tj
1.15 -1.2 Td
(Frisco, Texas 75034)Tj
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(\(972\) 668-2015 telephone)Tj
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(\(972\) 668-2020 facsimile)Tj
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(bealaerospace@earthlink.net)Tj
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( )Tj
16.248 -1.2 Td
(October 23, 2000)Tj
-16.248 -1.2 Td
( )Tj
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11.052 -1.203 Td
(STATEMENT FROM ANDREW BEAL)Tj
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(CHAIRMAN AND FOUNDER OF BEAL AEROSPACE TECHNOLOGIES, INC.)Tj
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( )Tj
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(Beal Aerospace regrets to announce that it is ceasing all business opera\
tions effective October 23, )Tj
T*
(2000.)Tj
T*
( )Tj
T*
(Beal Aerospace has made significant advances in low cost hydrogen peroxi\
de propulsion systems )Tj
T*
(and continues to believe that low cost and reliable space launch systems\
are viable and producible )Tj
T*
(by relatively small commercial companies. Despite our experience with co\
st overruns and )Tj
T*
(schedule delays, we were confident of our ability to ultimately succeed \
in the development of our )Tj
T*
(BA-2C rocket launch system. The BA-2C program was the largest privately \
funded program ever )Tj
T*
(in existence to build a large capacity space launch system.)Tj
T*
( )Tj
T*
(Unfortunately, development of a reliable low cost system is simply not e\
nough to insure )Tj
T*
(commercial viability. Several uncertainties remain that are totally beyo\
nd our control and put our )Tj
T*
(entire business at risk. The most insurmountable risk is the desire of t\
he U.S. government and )Tj
T*
(NASA to subsidize competing launch systems. NASA has embarked on a plan \
to develop a )Tj
T*
(\223second generation\224 launch system that will be subsidized by U.S. \
taxpayers and that will )Tj
T*
(compete directly with the private sector. In my capacity as founder and \
chairman of Beal )Tj
T*
(Aerospace, I previously testified to a congressional subcommittee that g\
overnment subsidies to )Tj
T*
(competing launch providers constituted the private sectors biggest busin\
ess risk. Nonetheless, )Tj
T*
(NASA remains committed to such an effort, and congress last week approve\
d an initial $290 )Tj
T*
(million to begin an effort that NASA declares will result in the governm\
ent funding of one or two )Tj
T*
(human rated subsidized launch systems within 5 years. While Beal Aerospa\
ce recognizes the )Tj
T*
(need for NASA to develop a human rated launch capability for space stati\
on and other human )Tj
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(missions, we find it inexcusable and intolerable that NASA intends for t\
hese subsidized systems )Tj
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(to additionally compete for non-human rated missions including cargo for\
the space station and )Tj
T*
(commercial satellite missions. )Tj
T*
( )Tj
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(We wonder where the computer industry would be today if the U.S. governm\
ent had selected and )Tj
T*
(subsidized one or two personal computer systems when Microsoft, Inc. or\
Compaq, Inc. were in )Tj
T*
(their infancy.)Tj
T*
( )Tj
T*
(Other significant and uncontrollable risks we face include \(1\) federal\
laws mandating our )Tj
T*
(potential liability for pre-existing environmental contamination at the \
only available cape )Tj
T*
(canaveral launch pads, and \(2\) uncertainty over U.S. government state \
department approval to )Tj
T*
(launch from our own launch facilities in the foreign country of Guyana. \
In spite of these )Tj
T*
(additional risks which we have faced for some time, we would have remain\
ed in business if the )Tj
T*
(government would have simply guaranteed that NASA\222s subsidized launch\
systems would never )Tj
T*
(be allowed to compete with the private sector. )Tj
T*
( )Tj
T*
(There will never be a private launch industry as long as NASA and the U.\
S. government choose )Tj
T*
(and subsidize launch systems. While Boeing and Lockheed are private ent\
ities, their launch )Tj
T*
(systems and components are derivatives of various military initiatives. \
Very little new effort )Tj
T*
(takes place without significant government subsidy, control, and involve\
ment. While we believed )Tj
T*
(we could compete successfully against the government subsidized EELV lau\
nch vehicles, the )Tj
T*
(characteristics and depth of subsidy for NASA\222s new initiative as wel\
l as its ultimate )Tj
T*
(performance are impossible to determine or evaluate.)Tj
T*
( )Tj
T*
(Once it became clear that NASA and Congress intended to proceed with the\
ir new competing )Tj
T*
(launch systems, our only remaining choice was whether to cease operation\
s entirely, or to evolve )Tj
T*
(into a government contractor role like Boeing and Lockheed and seek gove\
rnment contracts to )Tj
T*
(assist the development of the NASA system. We have elected to cease oper\
ations.)Tj
T*
( )Tj
T*
(Sincerely,)Tj
T*
( )Tj
T*
(Andrew Beal)Tj
T*
( )Tj
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(http://www.bealaerospace.com/welcome.htm\r \(2 of 2\)6/27/2008 1:44:45 P\
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2008-06-27T13:44:45-07:00
2008-06-27T13:44:45-07:00
2008-06-27T13:44:45-07:00
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