Many of us have enjoyed spectacular video of rocket launches from the rocket's point of view, with the launch pad receding rapidly and strap-on boosters falling away as the black sky of space shows up around Earth's curve. The “RocketCam” videos are a staple on YouTube, but they have a value that far exceeds entertainment. In the high-stakes spaceflight business, video shots of rockets and other space hardware in action give engineers a much better view of system performance than even the most detailed numeric telemetry.

Star-mapper to create largest, most accurate 3-D model of Milky Way

Young people seem to be getting the message that engineering offers opportunity: 84,000 U.S. students graduated from universities in 2012 with engineering degrees. That is up 12% from 73,000 just six years ago, according to the National Academies. And despite the downturn in the economy and in federal spending, the aerospace and defense industry continues to provide at least some of that opportunity.

NASA program offers no degree, just valuable experience

It pays to be the new guy, according to data gathered for the 2013 Aviation Week Workforce Study. Pay for new college graduates rose by 3.4% between 2011 and 2012, according to the National Association of Colleges and Employers (NACE). In the aerospace and defense industry, the increase was slightly lower, at 3.2%. Companies with fewer employees worked to retain their workforces, awarding pay increases on average of 4.1%.

The recent rebranding of EADS into Airbus is a superb example of how to justify a top management decision with some strategic rationale that really does not exist. There was clearly an issue with the EADS brand. The name was poorly recognized internationally, but that problem had less to do with the brand itself than with the underlying dynamics within the group.

Next U.S. Mars orbiter will focus on the planet's escaping atmosphere.

Space Exploration Technologies Inc. isn't the only space-services company in Hawthorne, Calif., looking for ways to cut launch costs. Established in 1984, tiny Microcosm Inc. has found a way to make strong, lightweight tanks for space applications that it says can handle high pressure as well as the low temperatures needed to hold cryogenic propellants. That capability could come in handy as some new space entrepreneurs look to pressure-fed propulsion systems to loft their payloads.