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NASA chief says competition is making space exploration cheaper, in dramatic shift on contracts - TL;DR CNBC

NASA chief says competition is making space exploration cheaper, in dramatic shift on contracts

Publishing timestamp: 2022-05-03 19:53:06


Summary

NASA administrator Bill Nelson supports fixed-price contracts with companies over variable cost-plus contracts, emphasizing competition to provide low-cost services to NASA. This shift is seen as a boon for space companies and a challenge for traditional aerospace and defense contractors. NASA has had success with fixed-price contracts through programs like Commercial Crew, saving billions of dollars. SpaceX has won contracts for lunar missions due to its competitive pricing. Nelson is urging Congress to approve funds for another competition to develop a second lunar lander.


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Keywords: science,  jeff bezos,  leidos holdings inc,  breaking news: technology,  politics,  business,  space industry,  business news,  lockheed martin corp,  the edge,  space exploration,  bill nelson,  markets,  northrop grumman corp,  aerospace and defense industry,  breaking news: business,  transportation,  technology,  boeing co, 

Source: https://www.cnbc.com/2022/05/03/nasas-nelson-competitive-contracts-are-making-space-exploration-cheaper.html


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