A new Pentagon report predicts spending on military space programs will peak at $37 billion in fiscal year 2010, but warns that "precipitous" budget reductions thereafter could destabilize the industry and lead to consolidations among suppliers. The Defense Department's space procurement funding has reached "all-time-high levels," totaling about $125 billion from FY-07 to FY-10, according to the Pentagon's latest report on the status of the defense industrial base. In FY-07, military satellite communications systems as well as surveillance and early...
