Business

Canadian Space Sector Faces New Reality Post Budget

It should not have come as a surprise, after all everyone had been warned for months that the budget would see cuts. The fact that the government is spinning the cuts as “savings” still doesn’t change the facts, this budget is a tough one for many and in particular the space sector.

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Canadian Space Agency Budget Estimates Before Budget Cuts Released

According to Treasury Board of Canada Main Estimates for 2012-13 released yesterday the Canadian Space Agency (CSA) is estimated to see its budget reduced from $424.6 million from 2011-12 to $363.2 million representing a 16.9% decrease in its budget. The CSA budget was already scheduled to be reduced to $371.1 million, a decrease of 14.4% according to the CSA Report on Plans and Priorities 2011-12 …

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Space Sector Gains Visibility as the Government Releases Details of the Review of Aerospace and Space Programs and Policies

The federal government announced today more details regarding the earlier announced review of aerospace policy and programs. Significant among them for the space sector is a change in name of the review itself. The review is now called the Review of Aerospace and Space Programs and Policies instead of the previous Review of Aerospace Policy and Programs.

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