NASA Ends RpK's COTS Hopes

NASA Cuts Funds for Private Space Venture, Wall Street Journal

"U.S. space officials, after several attempts to help resuscitate a private space venture led by closely held Rocketplane Kistler Inc., have issued a default letter effectively cutting off future federal assistance for the proposed $1 billion reusable rocket project, industry officials said."

RpK's COTS Contract Terminated, Aerospace Daily & Defense Report

"NASA has informed Congress it is terminating its Commercial Orbital Transportation Services (COTS) agreement with Rocketplane Kistler (RpK) because the company has failed to meet financial milestones. Aides said that after reviewing the company's performance, the space agency sent RpK formal notification Sept. 7 saying that additional activity under the agreement is "not in the best interest" of NASA."

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This page contains a single entry by Keith Cowing published on September 11, 2007 7:56 AM.

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