Indian   American joins race for NASA's space conquest
            Dec 21, 2010:  PlanetSpace, a Chicago-based firm   engaged in niche commercial space business and co-founded by Indian American   entrepreneur Chirinjeev Kathuria, is at the forefront of the race to build US   space agency NASA's new cargo and crew spaceship.  
            The National Aeronautics and Space Administration is planning   to retire its space shuttle fleet - Atlantis, Endeavour and Discovery - by 2010.  
            Its next spacecraft is the Orion and it is not due to fly until   2015, leaving a five-year period where NASA will be unable to deliver crew and   cargo on its own spacecraft to the International Space Station.  
            'PlanetSpace, Lockheed Martin and ATK have now teamed up to   build the cargo and crew spaceship, for which the consortium has given a   proposal to NASA,' New Delhi-born Kathuria told IANS from Chicago.  
            'To build a new orbital spacecraft the development costs could   be as high as $2.5 billion,' he said.  
            According to Kathuria, NASA is expected to pick one or more   companies for the project by the first quarter of next year.  
            Kathuria's PlanestSpace has also made forays into making space   tourism a reality as well as working on quick transportation of cargo.  
            To help promote competition and bring the cost of space travel   down from its present costly system NASA is encouraging private firms to step up   and offer services to NASA for this critical system. NASA, like the Indian Space   Research Organisation (ISRO), is looking to expand its operations to the moon.  
            As part of this strategy, NASA developed a Commercial Orbital   Transport Services (COTS) programme that is intended to develop commercial space   in the US.  
            NASA will award $175 million to the chosen consortium(s).  
            An additional $200 million may also be made available for   orbital crew delivery on approval by Congress.  
            PlanetSpace, as per Kathuria, submitted its proposal to NASA to   flight demonstrate cargo and crew delivery capability to the international space   station (ISS) in response to NASA's COTS Phase 1 RFP.  
            'We have been working closely with our Lockheed Martin, ATK,   and (financial firm) BMO team mates over the past six months to develop an   innovative, low risk business plan that can deliver cargo to the ISS   economically and has the added benefits of providing low cost launch services to   commercial and NASA customers,' said Kathuria,  
            PlanetSpace is competing with California-based Space Dev,   Texas-based SpaceHab, Virginia-based Transformational Space and California-based   SpaceX who are all working to build and operate ISS cargo and crew delivery   systems.  
            Kathuria migrated to the US at a very early age. He holds a   degree in medicine from Brown University, Rhode Island, and a management degree   in healthcare from Stanford University. .....IANS 
              
              
             
              
              
              
               
              
              
              
              
              
              
              
              
              
              
              
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