HALIFAX, NS, Sept. 14, 2026 /CNW/ -- Maritime Launch Services Inc. (CBOE: MAXQ) (OTCQB: MAXQF) and Isar Aerospace have finalized the statement of work and programmatic milestones required under their previously announced facilities usage agreement for Spaceport Nova Scotia.
"Finalizing the statement of work and programmatic milestones moves us directly into execution," said Stephen Matier, President and CEO of Maritime Launch Services. "With the next phase of construction underway on site, our teams are focused on advancing the infrastructure and operational readiness required to bring Spectrum launches to Nova Scotia."
The completion of this work satisfies a key condition of the agreement and advances plans for the development of Isar Aerospace's dedicated launch complex for its Spectrum launch vehicle at Spaceport Nova Scotia. The milestone follows Isar Aerospace's successful launch of its second Spectrum qualification flight, Mission 'Onward and Upward', and builds on the progress of both companies as they work toward first orbital launches from Nova Scotia targeted for 2028. The finalized statement of work and programmatic milestones do not change the key terms of the facilities usage agreement announced on July 7, 2026.
"Access to space is critical infrastructure for any sovereign nation. With the successful launch of Mission 'Onward and Upward', we demonstrated our ability to deliver payloads to orbit. Together with Maritime Launch Services, we are now bringing that capability to Canada. Finalizing this work gives our teams the framework to move directly into execution of launch operations," said Alexandre Dalloneau, Vice President Mission and Launch Operations at Isar Aerospace.
With Mission 'Onward and Upward' successfully delivering all payloads to orbit, Isar Aerospace is now focused on scaling its launch services. By expanding production capabilities, launch infrastructure, and operational presence across multiple regions, the company is preparing to serve a growing global customer base with greater launch frequency and flexibility.
About Maritime Launch Services
Maritime Launch Services Inc. (CBOE: MAXQ, OTCQB: MAXQF) is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a dual-use commercial spaceport designed to support both civil and defence-related space missions. The spaceport will provide satellite launch services to domestic and international clients across the global commercial space market, supporting a wide range of orbital inclinations from a single location.
Spaceport Nova Scotia is Canada's first commercial orbital launch complex, enabling small and medium launch vehicles to place satellites into low Earth orbit.
For more information, visit: www.maritimelaunch.com
About Isar Aerospace
The European space company Isar Aerospace offers launch services for transporting small and medium-sized satellites and satellite constellations into Earth orbit. The launch vehicles used to transport these satellites are developed, manufactured, and tested almost entirely in-house. Headquartered near Munich, Germany, Isar Aerospace was founded in 2018 and has grown to over 400 employees, working across 5 international locations. Private funding from international investors provides strong backing for the company's pioneering approach to scale and industrialize launch vehicle production through vertical integration.
More information: www.isaraerospace.com
Noah Note: For those concerned about the progress of this agreement, some good news for you today! A bit of extra time was needed to get here, but we got there either way. Hopefully some of you can breath a bit easier today.