A broad assessment of the health and future prospects of the U.S. space transportation technology and industrial base. Examines the Clinton administration policy in light of the implementation plans prepared by NASA, DOD, and the Transportation and Commerce Dept's. Extensive discussion of foreign launch systems and components. Identifies 2 additional issues: the preservation of long-range ballistic missile capabilities after final production in 2005, and the perspective of lower industrial tier firms toward national space transportation policy. Charts and tables.