Astra announces electric propulsion system contract with LeoStella

ALAMEDA, Calif.–(BUSINESS WIRE)–Astra Space, Inc. (“Astra”) (Nasdaq: ASTR) and LeoStella LLC (“LeoStella”) today announced a contract with Astra to supply multiple Astra spacecraft engines for LeoStella satellites . Astra is expected to start delivering the propulsion systems later this year and through 2023.

LeoStella designs and manufactures operational satellites cost-effectively and at scale. Astra’s Spacecraft Engine has demonstrated that it can help satellites achieve and maintain target orbits and maneuverability and is expected to be integrated into a variety of LeoStella satellites.

“As the demand for small satellites continues to grow, we are always looking for innovative options to provide highly efficient and reliable propulsion for our satellites,” said Tod Byquist, director of programs and supply chain at LeoStella. “Astra’s spacecraft engine has a good flight history and the performance we need to get our satellites into space on schedule.”

“LeoStella is a pioneering force in building critical space infrastructure through a variety of satellite designs,” said Mike Cassidy, vice president of product management at Astra. “Their vision to deploy reliable and cost-effective satellites closely aligns with Astra’s and demonstrates the innovative forces at work to expand and accelerate access to space.”

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. Astra delivered its first commercial payload to 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 listed. on the Nasdaq. Visit astra.com to learn more about Astra.

About LeoStella

LeoStella is a state-of-the-art satellite design and manufacturing company that is transforming constellation building by building small satellites cost-effectively and at scale. Based in Tukwila, Washington, LeoStella is a joint venture between Thales Alenia Space and BlackSky. The company was founded to meet the growing demand for efficient satellite development and manufacturing resulting from the increasing number of constellations. For more information, visit https://www.leostella.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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