keithl@vice.UUCP (Keith Lofstrom) (10/26/83)
Oops. Errors. In a previous submission touching on space development, I
discussed Mr. Bennett's congressional testimony regarding private space
development. Well, it's JAMES (not Stephen) Bennett, vice-president of
Arc Technologies, who testified in front of the HOUSE Subcommittee on Space
Science and Applications (sorry about that, Jim!). Here's part of the
testimony (from the October, 1983 issue of Reason Magazine, $15/yr,
Box 28897, San Diego CA 92128) for your amusement:
Rep. Harold Volkmer (D-Mo): You are not at the present time having any
agreements with NASA?
Bennett: No, sir, we do not.
Volkmer: You don't contemplate the need for any, is that correct?
Bennett: No. Our plans allow us to proceed to the point of launch and having
our vehicle in service without either buying or selling anything to the
government.
Volkmer: You also emphasize you see no need for government funding or
government loans, or government grants, or anything else, to people involved
in commercialization?
Bennett: No, sir. Our business plan projects us being able to provide the
sort of service with no change in the current tax structure or economic...
Volkmer: No tax incentives? No guaranteed loans from the government?
Bennett: We do not require any of that, sir.
...etc...
Somewhat less than $1E9 dollars, perhaps?
--
Keith Lofstrom
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