The rollout of the new U.S. Defense Strategic Guidance Jan. 5 brought a tidbit of encouraging news to a space industry on edge over looming cutbacks in military spending: Space will continue to see investment because of its qualities as a force multiplier.

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Warren Ferster is the Editor-in-Chief of SpaceNews and is responsible for all the news and editorial coverage in the weekly newspaper, the spacenews.com Web site and variety of specialty publications such as show dailies. He manages a staff of seven reporters...