| BOEING and SPACEHAB, INC. Agree to Pursue Vienna, VA, December 9, 1998 — SPACEHAB, Inc. (Nasdaq: SPAB) and The Boeing Company today announced the two companies have signed a Memorandum of Understanding to jointly outline specific areas of cooperation for commercial operations and utilization services for the International Space Station (ISS). Under the terms of the agreement, SPACEHAB will work with Boeing to define potential ISS commercialization initiatives including but not limited to cargo processing, station enhancements and services. SPACEHAB Chairman and CEO Shelley A. Harrison praised the agreement: "The combined application of the resources, expertise and business approaches of Boeing and SPACEHAB will be mutually beneficial and provide cost savings and increased flexibility to our customers, especially NASA." Boeing is NASA’s International Space Station prime contractor and directs an industry team comprising most major US aerospace companies and hundreds of smaller subcontractors.Boeing is responsible for design, development, integration, testing and delivery of the US-built elements. SPACEHAB, with its Johnson Engineering and Astrotech subsidiaries, is the world’s leading provider of commercial payload processing services for manned and unmanned payloads. SPACEHAB is the first company to commercially develop, own and operate habitable modules that provide laboratory facilities and logistics re-supply aboard NASA’s Space Shuttles. The Company also supports NASA astronaut training at Johnson Space Center, Houston.
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