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Contract News
NASA Announces Mars Science Lab Mission Launch Contract
NASA's Kennedy Space Center in Florida has selected Lockheed Martin Commercial Launch Services Inc. to deliver an Atlas V rocket for the Mars Science Laboratory mission to carry a large rover to the red planet in the fall of 2009. The six-wheeled rover will explore Mars for two years, examining sites to identify where the building blocks for life may exist.
The total Mars Science Laboratory launch service price is $194.7 million. That cost includes NASA launch services and mission integration requirements. This is a firm-fixed price contract. The launch services for Mars Science Laboratory are being acquired under the existing NASA Launch Services multiple award procedures.
The Mars Science Laboratory will launch from Complex 41 on the Cape Canaveral Air Force Station, Fla. The mission is managed by NASA's Jet Propulsion Laboratory, Pasadena, Calif., a division of the California Institute of Technology. JPL is responsible for spacecraft design and integration; integration of science instruments; spacecraft system testing; launch operations support and support of mission operations.
A Person Must Have The Legal Power To Enter Into A Contract
People who do not have legal power to enter into contracts are - children under 7 years, people who are mentally insane and people who are under the influence.
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Definition:
An agreement by which one party accepts responsibility for all damages and other liability that arise from a transaction, relieving the other party of any such liability.
Date of Issue
Definition:
The arbitrary date on a contract or on a financial instrument fixed as the date from which the term runs.
Futures Contract
Definition:
A contract for the future delivery of a specified commodity, currency or security on a specific date at a rate determined in the present.
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