SEC Filing Summary: SPACEHAB, Incorporated (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed on June 15, 2007, by SPACEHAB, Incorporated. The filing discloses a material definitive agreement entered into by the company's Astrotech Space Operations business segment.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. The only specific financial figure disclosed is the value of a new contract award.
- New Contract Value: $35 million
- Contract Type: Indefinite-Delivery, Indefinite-Quantity (IDIQ)
Material Changes and Contract Details
On June 15, 2007, the Astrotech Space Operations segment was awarded a $35 million IDIQ contract for payload processing support on upcoming NASA spacecraft missions. Key terms include:
- Service Scope: Payload processing services for expendable launch vehicles (ELVs).
- Location: Vandenberg Air Force Base (VAFB) at the Western Range in California.
- Timeline: Services targeted to begin in calendar year 2007, running through 2009, with additional options extending through 2011.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on overall outlook, or specific risk factors beyond the standard nature of government contracting. The contract includes options through 2011, indicating potential for future revenue contingent on performance and NASA requirements.
Investor Verification Checklist
- Verify the specific terms and conditions of the IDIQ contract to understand revenue recognition timing.
- Confirm the status of the "additional options through 2011" and the criteria required to exercise them.
- Review subsequent filings to determine the actual revenue recognized from this contract in fiscal years 2007-2009.
- Assess the impact of this contract on the Astrotech Space Operations segment's overall backlog.