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 <subject>Contractor performance</subject>
 <subject>Cost overruns</subject>
 <subject>Future budget projections</subject>
 <subject>Space exploration</subject>
 <subject>Satellites</subject>
 <subject>Cost control</subject>
 <subject>Cost analysis</subject>
 <subject>Aerospace research</subject>
 <subject>Aerospace contracts</subject>
 <subject>International cooperation</subject>
 <identifier>Russia</identifier>
 <identifier>NASA Space Station Program</identifier>
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 <title>Space Station: U.S. Life-Cycle Funding Requirements</title>
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<abstract>GAO discussed U.S. funding requirements for the National Aeronautics and
Space Administration&apos;s (NASA) International Space Station program,
focusing on the station&apos;s development, assembly, and operation costs.
GAO also: (1) compared the current cost estimate with the estimate in
its June 1995 report; and (2) provided information on potential cost
increases, current program reserves, the prime contractor&apos;s cost and
schedule performance, and the impact of recent revisions to the assembly
sequence.&lt;p/&gt;GAO noted that: (1) based on NASA data and GAO&apos;s analysis, it estimated
that the U.S. cost to develop, assemble, and operate the space station
has increased to almost $96 billion; (2) further, GAO identified a
number of program changes that could significantly increase this
estimate, such as the potential for additional schedule slippage and the
need for shuttle launches to test and deliver the crew return vehicle;
(3) as GAO has reported previously, it continues to be concerned about
the adequacy of program reserves to deal with changing program needs;
(4) over three years ago, the space station program had more than $3
billion in financial reserves to cover development contingencies; (5) in
March 1998, with almost 6 years until completion, the net unencumbered
financial reserves were down to about $1.1 billion; (6) after GAO
completed its work and issued its May 1998 report, NASA and its
international partners revised the station assembly sequence again,
resulting in further schedule slippage and one additional shuttle
flight; and (7) additional costs will be incurred as a result of these
changes.</abstract>
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<note>Testimony</note>
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 <searchTitle>GAO/T-NSIAD-98-212; Space Station: U.S. Life-Cycle Funding Requirements;
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<subject>
 <topic>Contractor performance</topic>
 <topic>Cost overruns</topic>
 <topic>Future budget projections</topic>
 <topic>Space exploration</topic>
 <topic>Satellites</topic>
 <topic>Cost control</topic>
 <topic>Cost analysis</topic>
 <topic>Aerospace research</topic>
 <topic>Aerospace contracts</topic>
 <topic>International cooperation</topic>
 <topic>Russia</topic>
 <topic>NASA Space Station Program</topic>
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