Israel aims to be space superpower

August 13, 2010 08:59

While Obama dials back the space industry in the US, Israel looks at it as a growth industry.

By YAAKOV KATZ at Jerusalem Post

“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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