COTS finalists are supposed to be announced in a couple hours.

Clark Lindsey has an overview of the program, and links (including one to the webcast of the announcement, which will occur at 4 PM Eastern).

[Update shortly after begin of announcement]

Just said that two have been selected. So we know they’re not going to be spreading money thin.

Well, that didn’t take long. SpaceX and RpK.

That means two (partially) reusable vehicle companies.

[Update a minutes later]

Well, I see via comments that I didn’t have to liveblog it. An army of reporters!