Australian Government Boosts Space Booster Project

GOLD COAST, 13 February 2020 (Gilmour Space Technologies PR) — Research that could cut space travel cost by 25 percent has received a $3 million [US $2 million] boost from the Australian Government.

A Gilmour Space Technologies, University of Southern Queensland (USQ) and Teakle Composites project to create lightweight rocket fuel tanks was included in the latest round of the Cooperative Research Centres Projects (CRC-P) grants.

The project is a $12.5 million [US $8.4 million] investment by the consortium with support from the Federal Government in order to design, develop and manufacture flight ready cryotanks.

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