Friday, August 13, 2010

(NEWS) Israel Aims To Be Space Superpower

"PM set to okay R&D program with planned $8 b. annual sales.

Prime Minister Binyamin Netanyahu is set to approve an ambitious plan to turn Israel into a satellite superpower. According to details obtained by The Jerusalem Post, the aim is to increase sales of Israeli space platforms to nearly $8 billion a year.

The multi-year plan calls for the government to annually increase support for space research and development by several hundred million shekels. This investment would focus on new platforms – primarily Israel’s niche market in 'mini satellites' – intended to yield billions in sales."

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