Boeing Receives $278 million NASA Payload Processing Option

The Boeing [NYSE: BA] Checkout, Assembly and Payload Processing Services (CAPPS) contract has been extended for three years by NASA's Kennedy Space Center.

Valued at $278.5 million, the contract extension and modification covers Oct. 1, 2006, through Sept. 30, 2009. The total contract value including exercised and unexercised options is approximately $846 million.

"We are extremely proud to continue to perform this valuable service for NASA," said Mark Jager, Boeing Florida Operations CAPPS program manager. "The International Space Station (ISS) elements and robotic vehicles we will process during the contract term will serve our nation and the world community for years."

To date, the CAPPS team has processed more than 404,000 pounds of on-orbit ISS spaceflight hardware. This represents almost half of the space station's eventual 925,000 pounds of hardware that will fly in space when NASA completes assembly in 2010. During the next three years, the CAPPS team will process numerous ISS payloads, including the P5 truss segment for NASA's next shuttle mission, STS-116, and international segments, including the Italian Columbus Module and the Japanese Experiment Module.

"The CAPPS team has done a great job servicing the hardware for station and robotic missions, providing value to our NASA customer," said Brewster Shaw, vice president and general manager of Boeing Space Exploration. "This contract extension is an important part of moving forward with ISS assembly and advancing the Vision for Space Exploration."

The contract is a performance-based, cost-plus-award-fee contract to provide checkout, assembly and payload processing services at Kennedy Space Center, Fla., Cape Canaveral Air Force Station, Fla., and Vandenberg Air Force Base, Calif. Under the contract, Boeing provides management and technical support of payload processing for the space shuttle, ISS and expendable launch vehicle programs. Services and support include the planning for and receiving of payloads, maintenance of associated ground support systems, integration of payloads with the space shuttle, launch support and space shuttle post-landing payload activities.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $30.8 billion business. It provides network-centric system solutions to its global military, government and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance systems; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer; a foremost developer of advanced concepts and technologies; a leading provider of space-based communications; the primary systems integrator for U.S. missile defense; NASA's largest contractor; and a global leader in sustainment solutions and launch services.
For further information:
Mike Rein
Boeing Florida Operations
(321) 264-8580