Astra announces spacecraft engine contract with Maxar Technologies

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ALAMEDA, Calif.–(BUSINESS WIRE)–Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) announced that it has entered into an agreement with Maxar Technologies (“Maxar”) (TSX: MAXR) to provide Astra spacecraft engines™. The propulsion systems will be used in Maxar’s low Earth orbit (LEO) proliferating spacecraft, which support a wide variety of global coverage missions including Earth observation, communications and national security.

Astra plans to start delivering its space engines in 2023.

“The flight heritage, high performance and high reliability of the Astra Spacecraft Engine have been key in our decision-making process as we prepare to deliver our space platforms to customers for their mission critical needs,” said Joe Foust, Maxar Vice President of Proliferated LEO Programs.

“We are delighted to support Maxar on its critical spacecraft platform,” said Martin Attiq, Chief Commercial Officer of Astra. “This agreement demonstrates the continued momentum of 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 first flight-proven electric propulsion systems for satellites, Astra Spacecraft Engine™. Astra completed its first commercial launch into low Earth orbit in 2021, making it the fastest company in history to reach this milestone, just five years after its founding 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 complete spatial solutions and secure and accurate geospatial intelligence. We deliver disruptive value to governments and commercial customers to help them monitor, understand and navigate our changing planet; provide 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 unparalleled speed, scale and cost-effectiveness. Maxar’s 4,400 team members in more than 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and the 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 can 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. Accordingly, caution should be exercised when 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 inability to achieve planned development and delivery goals, including as a result of decisions by governmental authorities or other third parties that are not under our control; (ii) changes in applicable laws or regulations; (iii) Astra’s ability to achieve its financial and strategic objectives, due to, among other things, competition; (iv) Astra’s ability to pursue a growth strategy and manage the profitability of growth; (v) the possibility that Astra will 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 and discussed from time to time in other reports and other public documents filed with the Securities and Exchange Commission, including our registration statements and quarterly reports.

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