Industry Veteran Joins Andrews Space & Technology to Manage Contract

Andrews Space & Technology (AS&T)
announced today that it has been awarded a contract from Northrop Grumman
Corporation’s (NYSE: NOC) Integrated Systems sector to perform market
analysis, business planning, systems engineering, and launch vehicle design
services in support of Northrop Grumman’s second-generation Reusable Launch
Vehicle (RLV) program. The $15.7 million dollar contract was awarded to
Northrop Grumman in December 2001 to conduct vehicle architecture design
studies as part of NASA’s Space Launch Initiative (SLI).

The RLV research and development effort will hone the technologies needed to
build a second-generation reusable launch vehicle, as well as design vehicle
architectures for 21st century missions. In this capacity, AS&T will
provide market analysis, financial modeling, and business planning for
Northrop Grumman in the vehicle concept development effort. Andrews Space
& Technology will also support the systems engineering and vehicle design
development activities for Northrop Grumman.

To lead this effort, AS&T appointed Livingston L. Holder, Jr. as Vice
President of Space Systems. Also, Mr. Holder will supervise the company’s
“Alchemist” Air Collection and Enrichment System (ACES) development
initiative being conducted under NASA’s second-generation RLV program. In
addition, Mr. Holder will manage the day-to-day operations of AS&T’s Space
Systems activities, including service contracts, and multiple research and
development efforts.

Mr. Holder joins AS&T after ten years of service with the United States Air
Force and fourteen years of service with The Boeing Company. Mr. Holder is a
graduate of the United States Air Force Academy. He served as a Titan III
Launch Officer at Vandenberg AFB, supported the development of a major
classified satellite program for the Secretary of the Air Force Special
Projects organization, and served as a Manned Spaceflight Engineer. During
his tenure at Boeing, Mr. Holder led the company’s International Integration
efforts on the International Space Station, as well as served as Program
Manager of Sea Launch during its early development, and later served as the
Chief Engineer then Program Manager of Boeing’s Aviation Information
Services (the predecessor to Connexion by Boeing)

“This is an exciting time for Andrews Space & Technology. We are adding key
principals to the management team, building a strong relationship with
Northrop Grumman, and expanding our role in the NASA second-generation RLV
Program,” said Jason Andrews, Andrews Space & Technology co-founder and
President.

The total value of Andrews Space & Technology portion in the Northrop
Grumman contract with options is approximately $1,750,000.