CesiumAstro Puts Future of U.S. Space and Defense Manufacturing on Display for EXIM Bank Chairman

Visit caps $300 million in EXIM financing, the largest loan under the "Make More in America" Initiative

AUSTIN, Texas--(BUSINESS WIRE)--This week the Honorable John Jovanovic, the President and Chairman of Export-Import Bank of the United States (EXIM) toured CesiumAstro Inc.'s future global headquarters and advanced manufacturing complex near Austin. The visit concluded with the signing of a $300 million EXIM credit agreement, including a $20 million revolving credit line from J.P. Morgan. The financing is the largest EXIM has approved under its “Make More in America” Initiative, and makes CesiumAstro the first company to receive a second loan under the program.

"Companies like CesiumAstro prove what it means to make more in America," said EXIM Chairman John Jovanovic. "With transactions like this one, EXIM is investing in American manufacturing and ensuring that the United States will stay competitive in the industries of the future for generations to come."

Jovanovic and Sabripour celebrated the milestone with a group of CesiumAstro's employees, investors, partners, community and education leaders.

“Having Chairman Jovanovic walk our floor today, and see firsthand what our team has built, means as much to us as the financing itself," said Shey Sabripour, Founder and CEO of CesiumAstro. "It's a statement that America will continue to invent, manufacture and build the industries that define our future, and that advanced manufacturing, innovation and leadership in space belong in the United States.”

The agreement builds on the company’s $500 million, five-year Texas expansion, expected to create more than 500 jobs and grow the company past 1,000 employees globally. It follows CesiumAstro's $470 million Series C round and this year's acquisitions of Vidrovr, Jariet Technologies and 1Aardvark.

About CesiumAstro

A global leader in advanced connectivity solutions for space and defense sectors, CesiumAstro delivers next-generation space systems that connect, detect, and defend across commercial, government, and national security missions. Its full-stack, multi-mission, end-to-end hardware and software solutions encompass satellites, high-performance communications payloads and advanced computing systems. CesiumAstro maintains complete vertical integration with in-house design, manufacturing, and testing capabilities certified to AS9100D/ISO 9001:2015 standards. Headquartered near Austin, Texas, the company operates additional facilities in Colorado, California, the United Kingdom, Germany, and Japan. To learn more, visit CesiumAstro.com.

About EXIM

The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated about $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.