Good morning, and welcome to the u. S. Chamber of commerce and to launch, the space economy, our Second Annual space summit. Events such as this are a team effort and we deeply appreciate the support of our sponsors, boeing, northrop, rocket lab, oneweb, hawkeye 360, and ascend. We have been businessy over the past year. From policy discussions ranging from management of commercial aviation and space launch airspace, to small satellite encryption and deorbit insurance and commercial opportunities aboard the iss and future gateway. We even convened a roundtable with a commandant of the u. S. Coast guard regarding the need of greater use of spaceenabled surveillance of the arctic waterways. Suffice to say the chambers procurement and Space Industry Council has an everexpanding set of policy pursuits. Fortunately, we have an enthusiastic space industry ceo here at the chamber. After last years summit tom donahue bro an articwrote an ar which i will quote. He wrote, harnessing the economic
Secretary of the air force for acquisition logistics and technology and ive invited will here today because he has a new idea for how to develop and produce aircraft, fighter aircraft. And i think that its really easy to get distracted or fixated on incremental technology or pointy, shiny new systems, but if will has found a way, a better way, more efficient way to iterate and produce weapons systems, its potentially more Game Changing in the military competition with china. So thats what were here to talk about today. A new concept, so whats it all about . I want to say, its a pleasure being here with you. We did some budget fights back in the day and i just appreciate all of the energy and enthusiasm that youve brought. I also want to give you big props to discuss a digital series, you have a digital fireplace. Its a great leadoff. Look, this is going to be a complicated issue for us, but i think the general idea is pretty easy to pick up. Were already a service that uses Digital Lea
It takes up more room than the actual article itself. Want to introduce the subject of this next session which is this booklet here. Its called transform which is very beautiful and its about an initiative that we were privileged to fund called exploring innovation frontier. I want to give a shout out to promote the head of our engineering director at the time a few years ago when we made the decision to fund this. He has gone on to uc irvine where he is a vice chancellor for research. During this time there have been several workshops around the country and ill say a few words about that and then you will hear from two of the people that were greatly involved in those workshops more about this. Let me make now that ive kind of introduced the subject of basic research, leading to innovation and leading to engineering applications, let me make some formal remarks. I will just begin with the quote from our inspiration of the National Science foundation who believed that there must be a s
Its good for all of us to appreciate just what a high risk, high reward investment is all about. So if that was a progress of technology and super duper engineering challenges that had to be overcome, a lot of people as you might guess came and went. And it involved multidisciplinary teams of people who did the numerical relativity for computers so thats new in the first gravitational wave was detected. And what the source was, that was two colliding black holes that were in a postbinary system. The most recent gravitational wave detection to neutron stars emerging. So its, but it was a very long tail. There are many many directors, many and its a Program Officers involved National Science board, they changed over large number of times during that interval and had to improve all the funding and that of Course Congress of course was the ultimate arbiter of appropriations and making the decision to continue an investment but nobody was quite sure what would have a result so how risky is
They host a forum today on federal investments on innovation and science. Newt gingrich and Business Specialist along with academic researchers will be talking about the issues our live coverage just about to get underway on cspan3. As we wait for senator warren, well bring you a story from the Associated Press regarding the Iran Nuclear Deal president obama traveling in ethiopia, and the ap reporting he delivered a belittling rebuke of Republican White House hopefuls monday calling their attack on his landmark nuclear deal ridiculous, if it werent so sad. Obama suggested the rhetoric from some gop candidates was an attempt to divert attention from donald trump. A wealthy businessman whose popularity is con founding the republican field. Maybe quoting, maybe it gets attention, maybe this is just an effort to push mr. Trump out of the headlines, its not the kind of leadership that is needed for america right now. The associate press quoting president obama during a News Conference in et