Space industry group warns small companies will not survive crisis without stimulus

[Elderberry]

Space News by Sandra Erwin — March 23, 2020

CSF President Eric Stallmer: “The large companies will weather the storm. I’m worried about their suppliers."

WASHINGTON — The Commercial Spaceflight Federation, an industry group that represents 85 companies in the space sector, is working with congressional committees to ensure coronavirus stimulus legislation includes assistance for small and mid-size suppliers, CSF President Eric Stallmer told SpaceNews.

The CSF represents large space companies like SpaceX, Virgin Galactic and Blue Origin but the majority of its members are small and medium size entrepreneurial companies that are in danger of going out of business as programs and investments dry up during the COVID-19 pandemic, Stallmer said.

“The large companies will weather the storm,” he said. “I’m worried about their suppliers. Those are going to need help.”

More: https://spacenews.com/space-industry-group-warns-small-companies-will-not-survive-crisis-without-stimulus/