NASA Funds Studies on Commercializing Earth Orbit

The Cygnus cargo craft slowly departs the space station after its release from the Canadarm2 robotic arm. (Credit: NASA TV)

HOUSTON (NASA PR) — In an ongoing effort to foster commercial activity in space, NASA has selected 13 companies to study the future of commercial human spaceflight in low-Earth orbit, including long-range opportunities for the International Space Station.

The studies will assess the potential growth of a low-Earth orbit economy and how to best stimulate private demand for commercial human spaceflight. The portfolio of selected studies will include specific industry concepts detailing business plans and viability for habitable platforms, whether using the space station or separate free-flying structures. The studies also will provide NASA with recommendations on the role of government and evolution of the space station in the process of transitioning U.S. human spaceflight activities in low-Earth orbit to non-governmental enterprises.

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Study: Aerospace & Defense Models Need Big Rethink

Deloitte LogoNEW YORK, Nov. 17, 2016 (Deloitte PR) — Over the past quarter of a century, between 25 and 50 percent of aerospace and defense (A&D) companies at any given time have maintained strategies and business models that have not adapted to significant changes in the industry’s environment, structure and requirements, according to Deloitte’s report, “The Next Era of Aerospace & Defense: How to Outperform in an Environment of Innovative Disruption.” Today, more than 60 percent of large A&D companies’ revenue is associated with business models that no longer truly reflect current market needs.

The report further shows that the companies that have adapted their strategies and business models to the changing environment outperformed others by up to seven times.

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