It's been two years since European launch consortium Arianespace turned a profit. Despite Europe's economic crisis, the market for commercial satellite communications is strong and conditions for launch providers are generally favorable, yet the Evry, France-based launch services company continues to rely on government subsidies.

When it comes to the U.S. missile defense market, nothing and everything have changed. In the closing days of 2011, the U.S. Missile Defense Agency (MDA) announced that Boeing would retain its decade-long position as prime contractor for the Ground-Based Midcourse Defense (GMD) missile shield for another seven years. But if the $3.48 billion contract signifies a renewal of the partners' sometimes-rocky marriage, there now seems to be a change in the wedding vows.

AERONAUTICS/PROPULSION •The AeroVironment Nano Air Vehicle Team developed and unveiled a tiny remotely piloted air vehicle, the Nano Hummingbird. Looking and flying like a tiny bird, it is designed to record video with an onboard camera and send color video to a hand-held controller.

Astronauts flight tested an optical navigation device that may help the Orion capsule approach a target in space.

The initial two service modules for the Orbital Sciences Corp. Cygnus commercial cargo carrier, which is scheduled to fly to the International Space Station this year, are nearing completion at the company's factory in Dulles, Va.

“Mr. President, congratulations. You're a tough adversary. No hard feelings, old pal. It's a great two-party system we have. We gave our best and you outdid us. As a matter of fact you stunned us. I never figured you could beat us that badly. I want to wish you all the success in the world.” Those words were spoken three decades ago by then-U.S. House Speaker Thomas P. (Tip) O'Neill, a liberal Massachusetts Democrat, to President Ronald Reagan, a conservative Republican, after the chief executive prevailed in a tough budget battle.