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Aerospace Stocks Drop in Wake of Columbia Space Shuttle Tragedy.
Knight Ridder/Tribune Business News, February, 2003
By Jon Van, Chicago Tribune Knight Ridder/Tribune Business News
Feb. 4--Aerospace companies, including Chicago-based Boeing Co., took hits from Wall Street Monday in the wake of the Columbia space shuttle tragedy.
Boeing's stock dropped 48 cents, down 1.5 percent, to $31.11 in the first day of trading since the Columbia's explosion during re-entry from space Saturday. Lockheed Martin Corp. saw its share price drop $1.50, or nearly 3 percent, to $49.55.
Boeing and Lockheed Martin are partners in a joint venture, United Space Alliance, that manages shuttle operations for the National Aeronautics and Space Administration.
Hardest hit by the tragedy was Alliant Techsystems Inc., which saw a fall of $6.34 or 11.66 percent in its...
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