News Archives

"Space Exploration." Definitely not a new term; but the rejuvenated enthusiasm for the expression most certainly is. We've all been hearing about the newest frontier - the commercialization and privatization of space. Gone are the days that our celestial borders can only be explored by the elite few. Now, ordinary people with a vision can pursue either working in or for someone in space....
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NASA's admired Silver Snoopy Award, a commendation bestowed only upon those who have demonstrated outstanding performance in support of NASA's space flight program, has recently been awarded to two SPACEHAB, Inc. employees, Georgia Hurst and Miles Graham.

Hurst was awarded the Silver Snoopy for her continued cooperative spirit and consummate professionalism toward International Space Station configuration management efforts. She was presented with this honor by astronaut Andrew Feustel who will take his first flight as part of the Expedition 11 crew....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced financial results for its first quarter fiscal year 2005 ended September 30, 2004.

Highlights

• Net income of $7.0 million (inclusive of amounts received in NASA claim)
• First quarter revenue of $13.0 million despite space shuttle grounding and anticipated lull in Astrotech payload processing
• Cash plus short-term investments of $6.2 million (exclusive of amounts received in NASA claim)
  Contract backlog of $88.9 million

SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that it has filed a formal claim against NASA under the Federal Tort Claims Act seeking restitution of its losses totaling in excess of $79.7 million resulting from the tragic destruction of the Space Shuttle Columbia on February 1, 2003....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that its Astrotech Space Operations subsidiary was presented with the distinguished title of NASA/Kennedy Space Center (KSC) Small Business Contractor of the Year by officials from the Center. Astrotech has been providing payload processing services at their company-owned facilities in Titusville, Florida and at Vandenberg Air Force Base (VAFB), California in support of multiple NASA missions over the past six years....
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Michael Kearney, President and Chief Executive Officer of Space City's very own SPACEHAB, Inc., has been recently profiled in the Southwest Airline Spirit Magazine A Freedom Story. Because of this aerospace mogul's uncanny connection to the little airline that could, its official magazine decided to feature Kearney in November's Winter Travel 2004 issue. The magazine, which reaches nearly 73 million passengers per year, features stories from business travel and vacation hot-spots to culinary delights and celebrity profiles. So, what does Mr. Kearney think about his new found fame?...
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Last year over 6,500 people died awaiting organ transplants - eighteen people every day. This and other troubling statistics prompted SPACEHAB, Inc. to work in partnership with the Gift of Life Foundation on October 29 to communicate a 'life and death' message to its work force....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that its fiscal year 2005 first quarter financial results will be released on Tuesday, November 9, 2004 before market open....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that its 2004 Annual Meeting of Shareholders will be held on December 1, 2004 at 10:00 a.m. Central time at the Hilton Houston NASA Clear Lake located at 3000 NASA Parkway, Houston, Texas 77058....
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Many of Houston's Gulf Coast Area companies, their families, and friends spent last Sunday morning blazing a trail in benefit of the Juvenile Diabetes Research Foundation (JDRF). Participating for the sixth straight year, SPACEHAB, a premier provider of commercial space services, was led by Walk Team Captain, Linda Finkle , who gave new meaning to the phrase 'setting the bar high'. Not only did the SPACEHAB Walk Team bring in triple the amount raised for JDRF from previous years, but the number of registered walkers quadrupled from 2003....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced its receipt of NASA's determination regarding the Company's claim for loss of its Research Double Module that was destroyed during the STS-107 space shuttle tragedy. NASA's determination states that its liability is limited to the contractually-stipulated $8.0 million contract provision. The Company is pursuing receipt of the $8.0 million plus interest from NASA in this fiscal quarter....
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Leaders in the aerospace industry hailed the award winning success of SpaceShipOne's historic flight today which captured the $10 million Ansari X Prize for Scaled Composites. SPACEHAB's President and Chief Executive Officer, Michael E. Kearney, commended this accomplishment, saying "Congratulations to Burt Rutan, Paul Allen, and the SpaceShipOne team for their triumph in suborbital human spaceflight. It is this kind of pioneering spirit and dedication that will help us in the next phase of space exploration."...
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Employees, customers, and business associates joined SPACEHAB, Inc. in commemorating the company's twenty successful years of commercial space development. August 22, 1984 marked the official date of SPACEHAB's beginning, which started with an idea, sketched out on a cocktail napkin by its founders, for increasing the capabilities of the space shuttle, while opening the doors for space commercialization and tourism. Today, at its Houston, Florida, and California locations, the company has supported 18 space shuttle missions and helped process over 200 spacecraft....
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Many of Brevard County's aerospace elite gathered on August 26, 2004 at SPACEHAB's Payload Processing Facility in Cape Canaveral to commemorate the company's twenty successful years of commercial space development. August 22, 1984 marked the date of SPACEHAB's beginning, which started with an idea, sketched out on a cocktail napkin by its founders, for increasing the capabilities of the space shuttle, while opening the doors for space commercialization and tourism....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced financial results for its 2004 fiscal year and fourth quarter ended June 30, 2004.

Highlights

• Annual revenue of $77.6 million despite grounding of space shuttle
• Net income of $2.1 million for fiscal year 2004
• Total debt reduced by $13.9 million to $70.3 million
• Cash plus short-term investments at year end of $7.6 million
• Contract backlog of $100.9 million

Earnings and Revenue...
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that its fiscal year 2004 and fourth quarter financial results will be released on Wednesday, September 8, 2004 before market open....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, announced today that it has been awarded a six-month NASA study contract valued at approximately $1.0 million to support the space agency's new exploration initiatives.

"We are excited to be one of the companies selected to define concepts for accomplishing human lunar exploration," said Michael E. Kearney, SPACEHAB President and Chief Executive Officer. "Our innovative solutions and commercial approach will prove valuable to our Nation's Vision for Space Exploration."...
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that it has successfully delivered a thermal incubator to the International Space Station (ISS) for one of its international customers....
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With a renewed spirit of discovery and exploration sweeping the nation, the aerospace industry is burgeoning with new possibilities and opportunities. SPACEHAB, a Webster-based commercial aerospace company, has recently reinforced its internal capabilities in an effort to accommodate the White House's new mandates for surmounting the "next frontier"....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that its Astrotech Space Operations subsidiary has been awarded a new contract by NASA/Kennedy Space Center to provide the payload processing facilities and support for the CALIPSO/CloudSat mission....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that it has mutually agreed with NASA to waive the Agency's response date of June 24, 2004 on SPACEHAB's contract claim for indemnification. As reported January 20, 2004, SPACEHAB submitted a detailed claim to NASA for recovery of its Research Double Module investment. The module and related equipment were destroyed during the STS-107 Space Shuttle Columbia accident....
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SPACEHAB’s daily management meeting on June 17th did not follow its standard agenda. Instead the atmosphere became charged when SPACEHAB President and Chief Executive Officer, Michael E. Kearney, walked into the room with his marked-up copy of the President’s Commission report and stated “I believe we are on the cusp of something great.” With all eyes on him, Kearney continued, “And each of us, not only as stakeholders in this industry, but as a people of this fortunate generation, will participate.”...
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that the audit committee of the Company's Board of Directors has selected the accounting firm of Grant Thornton LLP as SPACEHAB's new independent auditor....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that the Company has officially signed an exclusive marketing and rights agreement with Applied Structural Dynamics (ASD), world class experts in the field of structural dynamics....
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SPACEHAB, Incorporated (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced financial results for its fiscal year 2004 third quarter and nine months ended March 31, 2004.

Highlights

• Quarterly revenue reported of $14.8 million
• Net income of $0.3 million for the quarter
• Cash plus short-term investments at quarter end of $8.7 million

Third Quarter Results...
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