NASA to discontinue $2 billion satellite servicing project on higher costs, schedule delays By Reuters
Breaking News
‘;
Published Mar 01, 2024 05:48PM ET
© Reuters. The NASA logo is seen at Kennedy Space Center ahead of the NASA/SpaceX launch of a commercial crew mission to the International Space Station in Cape Canaveral, Florida, U.S., April 16, 2021. REUTERS/Joe Skipper/File Photo
(Reuters) – NASA said on Friday it is shutting down a more than $2 billion project to test satellite servicing like fueling in space, citing higher costs and schedule delays.
The space agency said in October that the On-orbit Servicing, Assembly, and Manufacturing 1 (OSAM-1) project continues to face an increase in costs and is expected to exceed its $2.05 billion price tag and the December 2026 launch date.
For its decision to discontinue the project, NASA on Friday cited “continued technical, cost, and schedule challenges, and a broader community evolution away from refueling unprepared spacecraft, which has led to a lack of a committed partner”.
Much of the project’s cost growth and scheduling delays could be attributed to the “poor” performance of contractor Maxar, NASA said in October.
Maxar was previously contracted by NASA in 2019 to help build its Gateway platform in lunar orbit, a crucial outpost for America’s first mission to relay astronauts to the moon.
NASA to discontinue $2 billion satellite servicing project on higher costs, schedule delays
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
© 2007-2024 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
