Aug 13 1973
From The Space Library
Academic research and development expenditures had reached $3.3 billion in FY 1972, the National Science Foundation reported. Since 1964, R&D development at universities and colleges had doubled. The increase, from $1.6 billion to $3.3 billion, represented an average annual growth of 9.7%. The Federal share declined from a high of 60% in 1968 to 55% in 1972. Institution funds increased from $615 million to $924 million, or 10.7% annually 1968-1972. The $3.3 billion total for academic R&D in 1972 was only 11% of the national R&D total, but the $2.5 billion allocated to basic research amounted to 59% of U.S. basic research. (NSF Highlights, 8/13/73; NSF Sci Re-sources Studies Div)
Gen. Bruce K. Holloway (USAF, Ret.), former Commander of the Air Force Strategic Air Command, joined NASA as a consultant to the Ad-ministrator. (NASA Ann, 9/10/73)
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