Entity: Commercial Orbital Transportation Services
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Commercial Orbital Transportation Services

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NASA's Commercial Orbital Transportation Services (COTS) program used a milestone-based contracting model that funded private companies to reach key technical milestones instead of relying on traditional government procurement, and that approach helped catalyze the emergence of commercial space companies such as SpaceX and Boeing.
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Description of a milestone-based contracting model used historically in U.S. space procurement.