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Article: Rocket maker to cut fees in NASA accord
- Article from:
- Chicago Sun-Times
- Article date:
- February 25, 1987
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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Morton Thiokol, the Chicago-based company that builds the
booster rockets blamed for the explosion of the Challenger space
shuttle, has agreed to reduce fees paid by NASA and forgo profits on
work required to fix future rockets, NASA said yesterday.
Under the deal, Morton Thiokol will voluntarily reduce its fees
from the shuttle contract by $10 million and will perform $409
million worth of repair and redesign work on the boosters without
profit, the National Aeronautics and Space Administration said in a
statement.
NASA indicated it would not seek further penalties as a result
of the company's voluntary reductions.
By agreeing to the deal, the company did not admit any ...