SPACEHAB SUBSIDIARY SECURES NEW MISSIONS
Houston, TX (January 7, 2009) -
SPACEHAB Inc. (NASDAQ: SPAB) announced today that its Astrotech subsidiary located in Titusville, Florida was awarded two contracts totaling $3.2 million from United Launch Alliance (ULA) in support of the ground processing of Geostationary Operational Environmental Satellites, GOES O&P. Both satellites are scheduled for launch in 2009.
The two mission contract is part of a multi-mission GOES series (N-P) in which the National Aeronautics and Space Administration (NASA) and the National Oceanic and Atmospheric Administration (NOAA) will use the collected data to aid activities ranging from severe storm warnings to resource management and advances in science.
"We look forward to once again contributing to the success of the GOES program, and our ULA, NOAA and NASA customers," explains Don M. White Jr., Astrotech General Manger. "The GOES O and P satellites follow six previous GOES satellites processed at Astrotech."
United Launch Alliance (ULA) is a joint venture between Boeing and Lockheed Martin that operates space launch systems using the Atlas V, Delta II, and Delta IV rockets. ULA program management, engineering, test and mission support functions are headquartered in Denver, Colo. Manufacturing, assembly and integration operations are located in Decatur, Ala., Harlingen, Tex., San Diego, Calif., and Denver, Colo. Launch operations are located at Cape Canaveral Air Force Station, Fla., and Vandenberg Air Force Base, Calif.
About SPACEHAB, Incorporated
SPACEHAB is a commercial leader and entrepreneurial force in the space industry providing a full spectrum of products and services to both the government and private sectors. The Company offers space access and payload integration services, production of valuable commercial products in space, spacecraft pre-launch processing facilities and services, development and extension of space-based products to the consumer market, and program and engineering support ranging from development and manufacturing of flight hardware to large scale government project management.
About Astrotech Space Operations, Inc.
Astrotech provides all support necessary for its government and commercial customers to successfully process their multi-million dollar spacecraft for launch on expendable launch vehicles. Processing activities include hardware launch preparation; advance planning; use of unique facilities; and, spacecraft checkout, encapsulation, fueling, transport, and remote control through launch. Our largest, wholly-owned facility is capable of processing the next generation of five-meter class satellites with weights in excess of 11,000 kilograms and launch vehicle payload fairings up to 15 meters.
The statements in this document may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, trends, and uncertainties that could cause actual results to be materially different from the forward-looking statement. These factors include, but are not limited to, continued government support and funding for key space programs, product performance and market acceptance of products and services, as well as other risk factors and business considerations described in the company's Securities & Exchange Commission filings including the annual report on Form 10-K. Any forward-looking statements in this document should be evaluated in light of these important risk factors. The Company assumes no obligation to update these forward-looking statements.
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