NASA budget includes funding for prizes, Kistler
Posted: Thu, Feb 5, 2004, 2:35 PM ET (1935 GMT)
NASA's fiscal year 205 budget, released this week, includes small amounts of funding for a number of innovative new projects, including prizes, as well as support for a reusable launch vehicle (RLV) developer. The $16.2-billion budget includes $10 million for a flight demonstration program designed specifically for emerging commercially-developed launch systems. SPACE.com reported Tuesday that NASA also plans to exercise a 2001 contract it signed with Kistler Aerospace, a startup trying to develop the K-1 RLV. The $227.4-million contract would largely be paid out to the company upon the completion of flight demonstrations, but up to $54.2 million could go to the company beforehand. The company, which has yet to complete the first K-1, filed for Chapter 11 bankruptcy protection last year and is trying to line up new financing to permit the company to continue vehicle development. The budget also includes $20 million for "Centennial Challenges", a series of prizes designed to stimulate development of advanced technologies and other capabilities required for future exploration missions.
NASA's fiscal year 205 budget, released this week, includes small amounts of funding for a number of innovative new projects, including prizes, as well as support for a reusable launch vehicle (RLV) developer. The $16.2-billion budget includes $10 million for a flight demonstration program designed specifically for emerging commercially-developed launch systems. SPACE.com reported Tuesday that NASA also plans to exercise a 2001 contract it signed with Kistler Aerospace, a startup trying to develop the K-1 RLV. The $227.4-million contract would largely be paid out to the company upon the completion of flight demonstrations, but up to $54.2 million could go to the company beforehand. The company, which has yet to complete the first K-1, filed for Chapter 11 bankruptcy protection last year and is trying to line up new financing to permit the company to continue vehicle development. The budget also includes $20 million for "Centennial Challenges", a series of prizes designed to stimulate development of advanced technologies and other capabilities required for future exploration missions.
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