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Blue Origin among 6 NASA picks for 'tipping point' space tech

IANS  |  Washington 

chief is among the six companies has selected for developing 10 "tipping point" technologies that have the potential to significantly benefit commercial space economy and future missions, including lunar and

The US space agency on Wednesday said it will invest for the purpose approximately $44 million -- a significant investment in the US space industry.

The other five companies selected for the award are -- Space Systems/Loral (SSL), (ULA), Frontier Aerospace Corp, and

"These awards focus on with the commercial space sector that leverage emerging markets and capabilities to meet NASA's exploration goals," said in a statement.

"While these will support NASA's science and human exploration missions in the future, these awards are yet another example of NASA's commitment to our nation's growing commercial space industry today," Bridenstine added.

NASA requires these companies to focus on areas such as expanding utilisation of space, enabling efficient and safe into and through space, and increase access to planetary surfaces.

Selections were based on the agency's third competitive Tipping Point solicitation.

A technology is considered at a "tipping point" if investment in a ground or flight demonstration will result in significantly maturing the technology and improving the company's ability to bring it to market.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 09 2018. 11:40 IST
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