Astra Announces Spacecraft Engine Contract with Maxar Technologies
October 11 2022 - 9:05AM
Business Wire
Astra propulsion systems to be used in Maxar’s PLEO spacecraft
platforms
Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) announced that it has
reached an agreement with Maxar Technologies (“Maxar”) (TSX:MAXR)
to supply Astra Spacecraft Engines™. The propulsion systems will be
used in Maxar’s proliferated low Earth orbit (LEO) spacecrafts,
which support a wide variety of global coverage missions, including
Earth observation, communications and national security.
Astra expects to begin delivery of its spacecraft engines in
2023.
“The Astra Spacecraft Engine’s flight heritage, high performance
and high reliability were critical in our decision-making process
as we prepare to deliver our spacecraft platforms to customers for
their critical missions,” said Joe Foust, Maxar Vice President of
proliferated LEO Programs.
“We are pleased to support Maxar on their mission-critical
spacecraft platform,” said Martin Attiq, Astra’s Chief Business
Officer. “This agreement demonstrates continued momentum in our
Space Products business and validates our Spacecraft Engine as a
core technology supporting new constellations.”
About Astra
Astra’s mission is to improve life on Earth from space by
creating a healthier and more connected planet. Today, Astra offers
one of the lowest cost-per-launch dedicated orbital launch services
of any operational launch provider in the world, and one of the
industry’s first flight-proven electric propulsion systems for
satellites, Astra Spacecraft Engine™. Astra delivered its first
commercial launch to low Earth orbit in 2021, making it the fastest
company in history to reach this milestone, just five years after
it was founded in 2016. Astra (NASDAQ: ASTR) was the first space
launch company to be publicly traded on Nasdaq. Visit astra.com to
learn more about Astra.
About Maxar Technologies
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of
comprehensive space solutions and secure, precise, geospatial
intelligence. We deliver disruptive value to government and
commercial customers to help them monitor, understand and navigate
our changing planet; deliver global broadband communications; and
explore and advance the use of space. Our unique approach combines
decades of deep mission understanding and a proven commercial and
defense foundation to deploy solutions and deliver insights with
unrivaled speed, scale and cost effectiveness. Maxar’s 4,400 team
members in over 20 global locations are inspired to harness the
potential of space to help our customers both create a better
world. Maxar trades on the New York Stock Exchange and Toronto
Stock Exchange as MAXR. For more information, visit
www.maxar.com.
Safe Harbor Statement
Certain statements made in this press release are
“forward-looking statements”. Forward-looking statements may be
identified by the use of words such as “anticipate”, “believe”,
“expect”, “estimate”, “plan”, “outlook”, and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements reflect the current analysis of existing
information and are subject to various risks and uncertainties. As
a result, caution must be exercised in relying on forward-looking
statements. The following factors, among others, could cause actual
results to differ materially from those described in these
forward-looking statements: (i) our failure to meet projected
development and delivery targets, including as a result of the
decisions of governmental authorities or other third parties not
within our control; (ii) changes in applicable laws or regulations;
(iii) the ability of the Astra to meet its financial and strategic
goals, due to, among other things, competition; (iv) the ability of
Astra to pursue a growth strategy and manage growth profitability;
(v) the possibility that Astra may be adversely affected by other
economic, business, and/or competitive factors; (vi) the effect of
the COVID-19 pandemic on Astra and (vii) other risks and
uncertainties described discussed from time to time in other
reports and other public filings with the Securities and Exchange
Commission, including our registration statements and quarterly
reports.
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version on businesswire.com: https://www.businesswire.com/news/home/20221011005523/en/
Astra Media Contact: Kati Dahm press@astra.com
Astra Investor Contact: Andrew Hsiung
investors@astra.com
Maxar Media Contact: Kristin Carringer
kristin.carringer@maxar.com
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