In an attempt to revive its space program, Brazil has entered into a space technology safeguard agreement with the U.S., according to a report by ZDNet.
The idea behind the agreement is to help Brazil claim a share of the space launch business, which is estimated to be nearly $300 billion a year, by allowing US companies to launch out of the Brazilian Air Force’s Alcantara Launch Center and it’s too big an amount to miss out.
Speaking about this move, U.S. president Donald Trump said that because of the location, tremendous amounts of money would be saved.
Under this new agreement, Brazil is expected to save nearly $150 million a year with activities in the Alcantara launch site which is close to the equator.
Speaking about the agreement, Brazil’s current president, Jair Messias Bolsonaro said his country will pursue technology safeguard agreement with other nations.
The president later added in a tweet that the rapid advances made in the space technology arena and the reduced cost barriers has opened a whole new window of opportunities for universities and independent study groups in Brazil and they should make full use of it.
Low-cost satellite-based service has opened a plethora of opportunities for everyone and the Brazilian government can use these services in the field of logistics, agriculture, weather forecasting, as well as communication between people and equipment in remote or rural locations. “There is no shortage of demand around [space launches],” Bolsonaro added. Bolsonaro further added that the Congress needs to approve the idea if it finds it valid.
Brazil’s space technology took wings when the nation’s space agency was launched in the mid-1990s and the country has made rapid progress in the field but it is still nowhere when compared to the U.S. or Russia and it launched its first satellite in 2017.