Astra Announces Spacecraft Engine Contract with Airbus OneWeb Satellites

Rhea-AI Summary

Astra Space, Inc. (NASDAQ: ASTR) has been selected by Airbus OneWeb Satellites, LLC (AOS) to provide its Astra Spacecraft Engine™ for integration into the Arrow commercial small satellites. AOS, a joint venture between Airbus and OneWeb, manufactures satellites for the OneWeb constellation and other clients from its facility in Merritt Island, Florida. Astra aims to improve life on Earth from space and offers one of the industry's lowest cost-per-launch services, alongside its flight-proven electric propulsion system.

Positive

• Selected by Airbus OneWeb Satellites to supply Astra Spacecraft Engine™.
• Partnership with AOS enhances Astra's presence in the satellite manufacturing sector.
• Astra offers one of the lowest cost-per-launch services in the market.

Negative

• None.

ALAMEDA, Calif.--(BUSINESS WIRE)-- Astra Space, Inc. (“Astra”) (Nasdaq: ASTR), a provider of space products and launch services to the global space industry, today announced that it has been selected by Airbus OneWeb Satellites, LLC (“AOS”) to supply the Astra Spacecraft Engine™ for integration into the portfolio of Arrow commercial small satellites manufactured by AOS.

Airbus OneWeb Satellites LLC is a joint venture between Airbus and OneWeb. AOS manufactures satellites for the OneWeb commercial constellation and Airbus customers in Merritt Island, Florida. AOS is producing satellites for Airbus U.S. Space & Defense, Inc., in support of U.S. government programs.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005226/en/

Media Contact:

Kati Dahm

media@astra.com

Investor Contact:

Andrew Hsiung

investors@astra.com

Source: Astra Space, Inc.

FAQ

What is Astra Space, Inc.'s stock symbol?

Astra Space, Inc. is traded under the stock symbol ASTR on NASDAQ.

Who is Astra partnering with for the Astra Spacecraft Engine?

Astra is partnering with Airbus OneWeb Satellites, LLC (AOS) for the Astra Spacecraft Engine.

What type of satellites will Astra's engine support?

Astra's engine will be integrated into the Arrow commercial small satellites manufactured by AOS.

When did Astra deliver its first commercial launch?

Astra delivered its first commercial launch to low Earth orbit in 2021.

How does Astra's launch cost compare to competitors?

Astra offers one of the lowest cost-per-launch dedicated orbital launch services among operational launch providers.