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Thu, Feb 10, 2005

SPACEHAB Subsidiary Garners $4.25 Million For New Missions

Astrotech Supporting Commercial And Government Launches Coast-To-Coast

SPACEHAB says its satellite processing and facility services subsidiary, Astrotech Space Operations, has been awarded new payload processing contracts in both the commercial and government sectors.

In the commercial sector, Astrotech received new contracts from The Boeing Company (NYSE: BA), to provide payload processing support services on two upcoming Delta missions. The total value of the two contracts is approximately $1.75 million.

"These new missions represent a continuation of a longstanding, successful relationship between Boeing and Astrotech," stated John B. Satrom, Senior Vice President and General Manager of Astrotech Space Operations. "We are pleased to be able to provide our proven capabilities in support of these exciting missions."

The Geostationary Operational Environmental Satellite (GOES-N) mission will be processed at the Astrotech facility in Titusville, Florida, in preparation for a May 2005 liftoff onboard a Boeing Delta IV launch vehicle from Cape Canaveral Air Force Station. GOES-N is the first in a series of next generation weather monitoring satellites operated by the National Oceanic and Atmospheric Administration. The system will provide accurate location data of severe storms and other weather phenomena resulting in more precise warnings to the public.

The second purchase order, for the WorldView mission, calls for the provision of processing services at the Company's Astrotech facility located on Vandenberg Air Force Base, California. Set for a late 2005 launch onboard a Boeing Delta II vehicle, the WorldView satellite imaging system offers a wide range of high-resolution Earth images to customers worldwide.

In the government arena, Astrotech was recently awarded a contract valued at $2.5 million, also supplying payload processing services, in support of US Government missions. Satrom said, "Having been at the forefront of the commercial space industry for over 20 years, we are excited about providing our unique services to a growing government business base."

In related news, Astrotech recently celebrated the successful launch of NASA's Deep Impact spacecraft. Processed at Astrotech's state-of-the-art payload processing facilities in Titusville, Florida, Deep Impact is comprised of two parts, a fly-by spacecraft and a smaller impactor, a copper projectile that is scheduled to collide with the comet Tempel 1 on July 4, 2005 and record photos and data of the event to send back to Earth.

To date, Astrotech has successfully processed more than 220 spacecraft and, with its unique five-meter processing capabilities at its Florida facilities, is positioned to support the next generation of manned and unmanned space vehicles.

FMI: www.spacehab.com

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