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FOR IMMEDIATE RELEASE

SPACEHAB COMPLETES NEXT PHASE IN REVITALIZATION PLAN
Company Executes Consolidation and Realignment of Business Units

Houston, Texas, April 22, 2003 - SPACEHAB, Incorporated (NASDAQ/NMS:
SPAB), a leading provider of commercial space services, today
announced that it has completed the next phase of its corporate
reengineering activities to enhance its operating plan and
competitive position. 

In January 2001, SPACEHAB implemented a multi-faceted plan to
stabilize the Company and improve its financial health. The
continuous successful execution of this plan has resulted in an
improved financial position, satisfactory operating margins and
costs, and a reduction in debt obligations. SPACEHAB has recently
taken additional steps to implement a new organization structure,
reduce excess staffing levels, and streamline sales, general, and
administrative expenses. 

SPACEHAB has reorganized its Johnson Engineering subsidiary to
optimize the Company's ability to perform government cost-type
contracts, particularly new business opportunities in support of the
International Space Station program. Now doing business under the
name of SPACEHAB Government Services (SGS), this business unit
successfully provides high-value engineering and related aerospace
services primarily to NASA's Johnson Space Center. 

Mr. Dan A. Bland, who is currently SPACEHAB's Senior Vice President
of Space Flight Services, will expand his responsibilities to include
leadership of the SGS business unit. In this role he will oversee
SPACEHAB's commercial and government contracts and new business
pursuits. Within SGS, an Advanced Programs group has been created to
lead the execution of new programs, such as Orbital Space Plane, that
build on SPACEHAB's existing core competencies and develop a 'bridge'
to future business. 

Furthermore, Business Development has been centralized and combined
under the Strategic Programs organization in order to facilitate a
coherent approach for pursuing future involvement in space flight
markets. This strategic organization, led by Mr. Karol "Bo" Bobko,
SPACEHAB Vice President and former NASA astronaut, encompasses the
business development process, strategic planning, and all research
and development activities. 

"In order to enhance the performance of our business units and to
align them with our strategic objectives, the Company has instituted
a new corporate structure," said Michael E. Kearney, SPACEHAB
President and Chief Executive Officer. "This structure supports
short-term goals, helping us refocus our organization toward
activities important to us today, such as ISS Program contract
consolidation, and it revitalizes our strategic momentum." 

About SPACEHAB
With more than $100 million in annual revenue, SPACEHAB, Incorporated
is a leading provider of commercial space services. The Company
develops, owns, and operates habitat and laboratory modules and cargo
carriers aboard NASA's Space Shuttles. Its Johnson Engineering
subsidiary provides orbiter crew compartment integration, ISS stowage
and configuration management, supports astronaut training, and builds
space-flight mockup trainers at NASA's Johnson Space Center in
Houston. SPACEHAB's Astrotech subsidiary provides commercial
satellite processing services at facilities in California and
Florida. Additionally, through The Space Store, Space Media provides
space merchandise to the public and space enthusiasts worldwide
(www.thespacestore.com).

This release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those projected in such statements. Such risks
and uncertainties include, but are not limited to, whether the
Company will fully realize the economic benefits under its NASA and
other customer contracts, the timing and mix of Space Shuttle
missions, the impact of the recent Columbia tragedy on the Company's
existing and future business operations, the amount of any
indemnification payments the Company may receive for its RDM, which
was lost as part of the Columbia tragedy, the successful development
and commercialization of new space assets, technological
difficulties, product demand, timing of new contracts, launches and
business, market acceptance risks, the effect of economic conditions,
the impact of war, uncertainty in government funding, the impact of
competition, and other risks detailed in the Company's Securities and
Exchange Commission filings. The Company assumes no obligation to
update these forward-looking statements." 

For more information, contact:

Haris Tajyar
Managing Partner
Investor Relations International
Phone 818.981.5300
Fax 818.981.5303
htajyar{at}irintl.com Kimberly Campbell
Director of Marketing
SPACEHAB, Inc.
Phone 713.558.5049
Fax 713.558.5957
campbell{at}spacehab.com

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