The X-ray Timing Explorer (XTE) is a NASA satellite designed to perform high-time-resolution studies of known X-ray sources. The two main experiments are a large-area proportional counter array (PCA) from the Goddard Space Flight Center (GSFC) and a high-energy X-ray timing experiment (HEXTE) from the University of California at San Diego (UCSD). The PCA data is processed by an electronic data system (EDS) built by the Massachusetts Institute of Technology (MIT) that performs many parallel processing analysis functions for on-board evaluation and data compression. MIT also provide an all-sky monitor (ASM) experiment so that XTE can be slewed rapidly to new transient sources. The spacecraft provides a mean science telemetry rate for the PCA of ~20 kilobits per second (kbps), with bursts to 256 kbps for durations of 30 minutes. Photons are tagged to 1 μs and absolute timing should be better than 100 μs. XTE is due for launch in late August 1995 and the first NASA Research Announcement (NRA) is due out in January 1995. This paper summarises XTE’s performance and then discusses the interactive and flexible operations of the satellite and some of the science it can do. These features should make XTE a productive spacecraft for coordinated observation programs.