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Boeing and Space Adventures to Offer Commercial Spaceflight Opportunities

September 15 2010

Boeing Company [NYSE: BA] and Space Adventures, Ltd. have established a memorandum of agreement regarding the marketing of anticipated transportation services to destinations in low Earth orbit (LEO) on Boeing commercial crew spacecraft. Under this agreement, Space Adventures will market passenger seats on commercial flights aboard the Boeing Crew Space Transportation-100 (CST-100) spacecraft to LEO. Potential customers for excess seating capacity include private individuals, companies, non-governmental organizations, and U.S. federal agencies other than NASA. Boeing plans to use the CST-100 to provide crew transportation to the International Space Station (ISS) and future commercial LEO platforms.

"By combining our talents, we can better offer safe, affordable transportation to commercial spaceflight customers," said Brewster Shaw, vice president and general manager of Boeing's Space Exploration division. "To date, all commercial flights for private spaceflight participants to the ISS have been contracted by Space Adventures. If NASA and the international partners continue to accommodate commercial spaceflight participants on ISS, this agreement will be in concert with the NASA administrator's stated intent to promote space commerce in low Earth orbit."

Boeing and Space Adventures have not yet set a price per seat for spaceflight participants, but will do so when full-scale development is under way. Boeing continues to advance its design for the CST-100 spacecraft under NASA's Commercial Crew Development Space Act Agreement. The spacecraft, which can carry seven people, will be able to fly on multiple launch vehicles and is expected to be operational by 2015.

"We are excited about the potential to offer flights on Boeing's spacecraft," said Eric Anderson, co-founder and chairman of Space Adventures. "With our customer experience and Boeing's heritage in human spaceflight, our goal is not only to benefit the individuals who fly to space, but also to help make the resources of space available to the commercial sector by bringing the value from space back to Earth."

Space Adventures has successfully contracted and flown seven spaceflight participants on eight missions to the International Space Station.

Space Adventures, headquartered in Vienna, Va., is the only company that provides orbital spaceflight opportunities to the world marketplace. The company offers a spectrum of programming that ranges from terrestrial weightless flights to orbital missions, flights to the edge of space, and a historic return to the Moon. Space Adventures' clients have spent over 2,000 hours in space, traveling over 35 million miles.

The Boeing Company, is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space and Security is a $34 billion business with 68,000 employees worldwide.



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