NASA Awards Task Order Contract to Astrotech Space Operations-California for
OCO-2 Spacecraft Processing
AUSTIN, Texas, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Astrotech Corporation,
(Nasdaq:ASTC), a leading provider of commercial space services, today
announced that its Astrotech Space Operations (ASO) subsidiary has been
awarded a NASA task order contract to provide payload processing services for
the Orbiting Carbon Observatory - 2 (OCO-2) satellite at ASO's Vandenberg Air
Force Base, California, facility.
OCO-2 is the first mission awarded by NASA under the current Not-to-Exceed $16
million Indefinite-Delivery/Indefinite-Quantity (IDIQ) task order contract
that runs through December, 2017. The Jet Propulsion Lab satellite, scheduled
to launch in July, 2014, will be NASA's first dedicated Earth remote sensing
satellite to study atmospheric carbon dioxide from space.
"Astrotech is proud to have been selected by NASA for this important mission,"
stated ASO General Manager Don M. White, Jr. "We are excited to play a role in
gathering these critical CO measurements."
In January, NASA awarded a Not-to-Exceed $9.1 million
Infinite-Delivery/Indefinite-Quantity (IDIQ) task order contract to ASO
Florida to provide commercial payload processing services for satellites
launched at Cape Canaveral Air Force Station, Florida.
From Titusville, Florida, and Vandenberg AFB, 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 31-year history, Astrotech has
supported the successful processing of more than 300 spacecraft.
About Astrotech Corporation and Astrotech Space Operations (ASO)
Astrotech is one of the first space commerce companies and remains a strong
entrepreneurial force in the aerospace industry. We are leaders in
identifying, developing and marketing space technology for commercial use. Our
Astrotech Space Operations (ASO) has been a global satellite processing leader
since 1981. With more than 300 successful spacecraft missions to date,
Astrotech continues to provide adaptable and flexible services for its
government and commercial customers. Astrotech Space Operations provides all
support necessary for successful spacecraft processing to prepare for launch
on a variety of domestic and foreign launch vehicles. Spacecraft undergo
pre-launch hardware integration and testing, satellite encapsulation, and
fueling before transport to the pad. Astrotech Space Operations business unit
serves our satellite and spacecraft customers with pre-launch services on the
Eastern Range (Kennedy Space Center) and Western Range (Vandenberg Air Force
The Astrotech Corporation logo is available at
This press release contains 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
and 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.
CONTACT: Astrotech Corporation
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