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SPACEHAB Files Tort Claim for Losses on Space Shuttle Mission.

Publication: Business Wire
Publication Date: 08-NOV-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON -- SPACEHAB, Incorporated (NASDAQ/NMS:SPAB), a leading provider of commercial space services, today announced that it has filed a formal claim against NASA under the Federal Tort Claims Act seeking restitution of its losses totaling in excess of $79.7 million resulting from the tragic destruction of the Space Shuttle Columbia on February 1, 2003.

In January 2004 the Company filed a formal proceeding with NASA seeking indemnification under the Company's ReALMS contract in the amount of $87.7 million for the value of the Company's Research Double Module (RDM) and related equipment that was destroyed during the STS-107 Space Shuttle Columbia tragedy. NASA responded to...

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