[ European Space Agency awards Orbex ‘7.45m Boost! contract ‘ Aerospace Manufacturing ]
The European Space Agency (ESA) has awarded Orbex ‘7.45 million through its Boost! Commercial Space Transportation Services and Support (C-STS) programme, designed to support commercially sustainable space transportation services in Europe.
The Boost! contract was awarded to Orbex following an in-depth evaluation process, assessing Orbex’s commercial strategy, financial stability and technical progress. This is the largest award made to date by the programme. Orbex will supplement the funding with an additional ‘4.7m in matching private investment.
The Boost! programme was adopted at Space19+, ESA’s Council Meeting at Ministerial Level with the aim of supporting the European space transportation industry to improve competitiveness and stimulate innovation, in light of evolving commercial demand. ESA is an intergovernmental organisation, created in 1975, with the mission of shaping the development of Europe’s space capability and ensuring that investment in space delivers benefits to the citizens of Europe and the world. It currently has 22 Member States.
Publisher: Aerospace Manufacturing
Reference: Visit Source (Read Article)
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