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Space Station: Estimated Total U.S. Funding Requirements

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Report Type Reports and Testimonies
Report Date June 12, 1995
Report No. NSIAD-95-163
Subject
Summary:

GAO estimates that it will cost about $94 billion to design and launch the space station through 2012. Although the program has made great progress since last year in defining its requirements, meeting its schedule milestones, and remaining within its annual operating budgets, the program still faces formidable challenges in meeting all its goals on time and within budget. Moreover, low financial reserves through fiscal year 1997 could lead to cost overruns and force postponement of some activities. In addition, the space station's current launch and assembly schedule is ambitious, and the shuttle program may have difficulty supporting it. If the contractor is unable to negotiate subcontractor agreements for the expected price, the target cost for the prime contract could increase. NASA plans to complete an independent internal assessment of space station costs later this fiscal year.

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