Boeing

Boeing Finalizes Agreement for Kennedy Space Center Facility
CST-100 spacecraft will be built in former NASA shuttle hangar

CAPE CANAVERAL, Fla., Oct. 22, 2013 – Boeing [NYSE: BA] has finalized an agreement with Space Florida to use a processing facility at NASA’s Kennedy Space Center to build the Crew Space Transportation (CST)-100 spacecraft, an important step toward restoring the United States’ ability to launch humans into space.

“The resources and expertise on the Space Coast are essential to our plans and this agreement solidifies our partnership with the state of Florida,” said John Mulholland, Boeing vice president and program manager, Commercial Programs. “Boeing is committed to providing the most innovative, safest and cost-effective commercial space transportation system to NASA and other commercial customers, and adding the capabilities of the processing facility to our portfolio plays a big part in our plans.”

Renamed the Commercial Crew and Cargo Processing Facility (C3PF), the former space shuttle hangar known as Orbiter Processing Facility-3 is being modernized by Space Florida to meet requirements for building the CST-100 capsule.

“Boeing and Space Florida continue our partnership in repurposing excess NASA facilities for future use by Boeing’s Commercial Crew Program,” said Frank Dibello, president and CEO, Space Florida. “With phase one complete, we look forward to finishing the next phase of facility modification.”

Space Florida is the state’s independent agency for aerospace development. Phase one of the C3PF renovation was completed in February; phase two began in September with improvements including technology upgrades to the environmental and electrical systems and reflooring the facility. Boeing expects to move into C3PF in spring 2014.

Boeing’s Commercial Crew Program is on track for an expected 2016 test launch time frame, with work continuing in Houston, Huntington Beach, Calif., and Florida. In partnership with NASA, Boeing is continuing to develop the CST-100 with the successful completion of water-recovery tests. The company recently unveiled the full-scale CST-100 mock-up to the world in Houston.

Boeing’s CST-100 spacecraft will shuttle astronauts to low-Earth-orbit locations such as the International Space Station and expandable space habitats being developed by Bigelow Aerospace. The CST-100 is designed to accommodate up to six crew members or a mix of crew and cargo.

Visit www.beyondearth.com for more information about the future of human space exploration.

A unit of The Boeing Company, Boeing Defense, Space & Security 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 & Security is a $33 billion business with 58,000 employees worldwide. Follow us on Twitter: @BoeingDefense.

###

Forward-Looking Statements

Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "forecasts," "plans," "projects," "believes," "estimates," "targets," "anticipates," and similar expressions are used to identify these forward-looking statements. Forward-looking statements are based on our current expectations and assumptions, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak to events only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by federal securities laws. Specific factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, the effect of economic conditions in the United States and globally, and general industry conditions as they may impact us or our customers, as well as the other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission.

Contact:

Kelly George
Space Exploration
Office: +1 281-226-4367
Mobile: +1 479-422-6740
kelly.george@boeing.com