Financial News

Department of Defense Awards Astra Contract Valued Up to $44 Million

Contract supports development of Astra’s tactical launch system

Astra, a leading provider of launch services and spacecraft engines, announced today that it has been awarded a contract by Defense Innovation Unit (DIU) with a ceiling of up to $44 Million. The contract supports advancing and scaling the production capabilities of Astra’s unique tactically responsive launch system, to achieve the prototype objective of launching Rocket 4 to orbit or suborbit and from the US, Australia, or other locations.

“This award is a testament not only to our team's perseverance this past year, but also a validation of our vision for tactically responsive space,” said Chris Kemp, Founder and CEO of Astra. “We’re proud to have so many partners who understand and support the importance of point-to-point space delivery for national security and defense applications.”

This contract facilitates the continued development of Astra’s Launch System 2 including the demonstration of automated laser welding capabilities in the production of Rocket 4, advanced concepts of Launch System 2’s ground infrastructure, and the industrialization of Astra’s production facilities.

“This is a major vote of confidence in Astra and the continued development of Rocket 4 and our next gen launch system,” said Dr. Adam London, Founder and CTO of Astra. “We are honored to partner with the DIU as we bring Rocket 4 to market with a renewed focus on reliability and scale.”

Astra intends to design and manufacture all of its rockets at its campus in Alameda, California, in its 250,000 sq. ft. manufacturing and testing facilities. These co-located, state-of-the art production and testing facilities have allowed Astra to rapidly iterate, reduce dependencies on third-party suppliers, and deliver for customers.

Astra delivered its first commercial launch to low Earth orbit in 2021, and subsequently 22 satellites to orbit in March of 2022. Launch System 2 is one of the lowest cost-per-launch dedicated orbital launch systems and is highly optimized for small constellation deployment, tactically responsive space (TacRS), point-to-point delivery, and national security and defense applications.

About Astra Space, Inc.

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, and one of the industry’s leading flight-proven electric propulsion systems for satellites, the Astra Spacecraft Engine. Learn more at astra.com.

Forward Looking Statements

Certain statements made in this press release are “forward-looking statements.” Forward-looking statements may be identified by 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.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback