Masten Signs Contract With Space Florida For Demonstration Launches

MASTEN SPACE SYSTEMS SIGNS CONTRACT WITH SPACE FLORIDA FOR DEMONSTRATION LAUNCHES

Masten to Perform Launches from LC-36

CAPE CANAVERAL, Fla. (May 19, 2011) – Masten Space Systems and Space Florida announced today the signing of a $400,000 contract under which Masten will perform a series of demonstration flights of a Vertical Takeoff Vertical Landing (VTVL) reusable suborbital launch vehicle from Launch Complex 36 at Cape Canaveral Air Force Station.

Under the contract, Masten will complete multiple flights. These operations will serve as a pathfinder to assist Space Florida in developing operational requirements for VTVL vehicles, recommending the optimum operational scenario, and determining the program schedule to achieve launch capability as soon as possible.

In conjunction with the demonstration launches to be performed by Masten Space Systems, Space Florida has committed additional funds for Range costs and facilities upgrades at Launch Complex 36. In addition to providing Masten with Range support and the base infrastructure required for future sustained operations, this investment is anticipated to shorten processing timelines at the Eastern Range for other new vehicles, as well as provide a benchmark for Range costs that will enable faster and cheaper setup for other commercial launch providers.

“We are excited to strengthen our relationship with Masten,” said Space Florida President Frank DiBello. “These demonstration launches represent the first reusable suborbital launch vehicle ever to fly from Cape Canaveral. It is important to Space Florida that Masten’s business is successful in Florida, and we will continue to work with them to facilitate job creation and growth for the company and related commercial launch activities.”

The upcoming flights will also enable Masten to fully evaluate Florida, CCAFS, and LC-36 as a base for the company’s flight operations group. “We look forward to successfully completing our demonstration flights and better understanding what is needed for operations in Florida,” said David Masten. “Space Florida and the 45th Space Wing have been very helpful as we continue to develop operational concepts for Florida.”

About Masten Space Systems: Masten Space Systems is a Mojave, CA based aerospace company developing fully reusable vertical takeoff, vertical landing (VTVL) launch vehicles, technology and concept demonstration, technology acceleration, and engineering services. The company’s production and testing facilities are located on the Mojave Air and Space Port. The company rapidly iterates on rocket technologies, demonstrating operational efficiency through a bias towards action and quick turn times. www.masten-space.com

About Space Florida: Space Florida was created to strengthen Florida’s position as the global leader in aerospace research, investment, exploration and commerce. As Florida’s aerospace development organization, we are committed to attracting and expanding the next generation of space industry businesses. With its highly trained workforce, proven infrastructure and unparalleled record of achievement, Florida is the ideal location for aerospace businesses to thrive – and Space Florida is the perfect partner to help them succeed. www.spaceflorida.gov.

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Media Contacts:

Colin Ake                                                         Tina Lange, APR
Masten Space Systems                                 Space Florida
678.551.2253                                                  321.233.1013
cake [at] masten-space .com                      tlange [at] spaceflorida .gov