Bill Livingstone Headquarters, Washington, D.C.

(Phone: 202/453-1898) RELEASE: 92-99

June 30, 1992

NASA AND INTEC SIGN AGREEMENT TO EXPLORE WAYS TO FACILITATE SATELLITE SALVAGE NASA Administrator Daniel S. Goldin today signed an agreement with International Technology Underwriters (INTEC) to explore ways the insurance industry can assist in financing human and robotic satellite rescue and repair missions. INTEC also will look at options for providing incentives in the construction of commercial satellites to make them easier to rescue and repair if problems develop. "While NASA has worked closely with private industry in the retrieval and repair of satellites, much more can be done," Goldin said. "Satellite rescues have relied solely on the Space Shuttle. But its orbit is limited to a few hundred miles in altitude and cannot retrieve satellites in geosynchronous orbit." "We need to consider new approaches to salvaging satellites that will encourage the further commercialization of space, such as robotic rescues in high and lower orbits," Goldin said. James W. Barrett, Chairman of INTEC, noted that, "The

insurance industry has had a great tradition of salvage in the maritime field and similar concepts must be explored for the benefit of the continued expansion of commercial and civil space enterprise." Specifically, provisions in the agreement include: o INTEC will explore creative methods the insurance industry can take to assist in financing "human or robotically conducted salvage missions. It also - more -2will look at ways to encourage owners of commercial spacecraft to buy satellites incorporating certain features that make their rescue and repair easier. o NASA will provide historical data to INTEC on civil spacecraft that have suffered partial or total failure and would have been worthwhile to salvage; o INTEC will attempt to determine how many failed spacecraft might have been salvaged; and o INTEC will present its initial findings and recommendations to NASA within 90 days. "In several cases, technical problems with satellites could have been easily fixed. But their salvage was not attempted because of the unavailability of suitable boosters or equipment," Goldin said. Those attending the signing of the Memorandum of Understanding at the Rayburn House Office Building included Congressman George E. Brown, Jr. (D-CA) Chairman, House Committee on Science, Space and Technology; Congressman Robert S. Walker, (R-PA) Ranking Committee Minority Member; NASA Administrator Daniel S. Goldin; Jim Barrett, Chairman and CEO, INTEC; Aaron Cohen, Acting Deputy Administrator of NASA; Brian Dailey, Executive Secretary, Space Council; Arnold D. Aldrich, Office of Space Systems Development; George Abbey, Special Assistant to the Administrator; Jack Mannix,

Associate Administrator for Commercial Programs; Edward Frankle, NASA General Counsel; and Courtney Stadd, Senior Director for Commercial Space, Space Council. Also attending were Rick Hauck, President, International Technology Underwriters, Inc.; Bruce Campbell, Office of Management and Budget; Kent Stansberry, Space Policy Director, Office of Strategic Defence Space & Verification Policy, Office of the Secretary of Defense; Stephanie Meyers, Norm Bowles, Dept. of Transportation; and Jim Frelk, Director, Office of Space Commerce, Dept. of Commerce. - end -