Saturday, May 12, 1962 – Project Gemini Cost Estimates Growing


A current estimate of Project Gemini costs shows considerable increases from the projections of December 1961. The spacecraft cost, estimated at $240.5 million, is now projected at $391.6 million. Titan II costs, expected five months ago to be about $113.0 million, have risen to $161.8 million. The Atlas-Agena budget has risen from $88.0 million to $106.3 million, despite this part of the program’s slowing down. Support development, including the paraglider program, has increased from $29.0 to $36.8 million. There is a bright spot on the budgetary front: the estimate of operations cost has declined from $59.0 to $47.8 million.
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