Monday, December 29, 2008

Report: Government Space Program Expenditures Reach Record High in 2008

Satellite Today writes Monday "World government space program expenditures were at a historical high of more than $62 billion dollars in 2008, with planned satellite launches in the next 10 years to increase 38 percent over the previous decade, according to a report released by Euroconsult Dec. 18."

The report, “Government Space Markets, World Prospects to 2017,” asserts that governments have entered a new phase of investment, committing to the development of a new generation of programs worldwide.

Government space program expenditures worldwide are expected to grow at 4.5 percent per year through 2012, reaching nearly $70 billion.

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