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Astrotech (Nasdaq: ASTC):T Boone Teams with NASA +42%

Astrotech (Nasdaq:ASTC), a leading provider of commercial aerospace services, today announced that NASA awarded its Astrotech Space Operations business unit a new contract for payload processing services for expendable launch vehicles (ELVs) and evolved expendable launch vehicles (EELVs) from Cape Canaveral Air Force Station (CCAFS) at the Eastern Range in Florida.

"We look forward to continuing our relationship with NASA in support of missions at the Eastern Range," stated Astrotech Chairman and Chief Executive Officer Thomas B. Pickens III. "We are proud of our capabilities and facilities, and look forward to providing NASA with a full complement of processing and facility services."

With a value not to exceed $9.5 million, this indefinite-delivery, indefinite-quantity (IDIQ) contract is for payload processing support on several upcoming NASA spacecraft missions. The contract stipulates that the multi-mission contract services are targeted to begin in fiscal year 2011 running through 2013.

From Titusville, Florida, Vandenberg Air Force Base, California and the Sea Launch Home Port facilities in Long Beach, California, Astrotech Space Operations provides all support necessary for government and commercial customers to successfully process their satellite hardware for launch, including advance planning; use of unique facilities; and spacecraft checkout, encapsulation, fueling, and transport. In its 25 year history, Astrotech has supported the processing of more than 280 spacecraft without impacting a customer's launch schedule.



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