Boeing, Australian Space Agency sign agreement to expand space market

COLORADO SPRINGS, Colo. Officials at Boeing and the Australian Space Agency signed a Statement of Strategic Intent to help advance the agency’s goals to expand Australia’s domestic space industry.

Through the Agency, Australia aims to significantly grow its market segment from 10,000 jobs and a market size of $3.9 billion to up to another 20,000 jobs and $12 billion by 2030. The agreement features Boeing support for investments in R&D, innovation, STEM education and government programs aligned with the Australian Space Agency’s priorities.

“Expanding our relationship with the Australian Space Agency is a significant step for Boeing and a reaffirmation of our longtime teaming with Australia in space,” says Jim Chilton, Boeing senior vice president, Space and Launch. “It means a lot that we’ve signed this agreement during a year when the world celebrates the 50th anniversary of the Apollo 11 mission to the moon, when both Boeing and Australia played important roles in that historic achievement. We see great opportunity ahead for all of us as Australia continues to grow its space industry and national capabilities.”

The Australian Space Agency is responsible for whole-of-government coordination of civil space matters. The Agency aims to transform and grow a globally respected space industry, and to reach and inspire all Australians through seven National Civil Space Priorities – Position, navigation and timing; Earth observation; Communication technologies services; Leapfrog R&D; Space situational awareness; Robotics and automation; and Access to space.