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Boeing urges major increase in U.S. space funding
April 8, 2008 / 3:39 PM / 10 years ago

Boeing urges major increase in U.S. space funding

COLORADO SPRINGS, Colorado, April 8 (Reuters) - Boeing Co (BA.N), which calls itself the world’s leading aerospace company, said on Tuesday the United States was in danger of losing its edge in space to countries like China and India absent major funding increases.

“The road back to the moon will be paved with commitment, leadership and innovation and a government willing to step up and fund space innovation at levels that haven’t been seen in decades,” Jim Albaugh, the head of Boeing’s defense arm, told a major space-industry gathering here.

“Today, we have ample warning,” he said, referring to India and China by name. “We can clearly see our international competitors fast approaching in the rear view mirror.” (Reporting by Jim Wolf)

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