Formula 1 has announced that the Austrian Grand Prix will be an annual event on the calendar until at least the 2027 season.
The contract extension between the two parties was confirmed on Wednesday afternoon.
The Red Bull Ring returned to the schedule in 2014 after it previously ran under the A1 Ring name, and before that, the Österreichring.
The short layout, which is run at a high average speed, has proved to be a fan favourite since its return and hosted some memorable races, including the 2016 and 2019 editions of the race.
“The Austrian Grand Prix brings together the perfect mix of a challenging track, high-speed racing, and a beautiful venue for our fans, so I am delighted that we will be coming back to the Red Bull Ring until at least 2027 under this new agreement,” said F1 CEO Stefano Domenicali.
“As we celebrate the 10th year since our return to Spielberg, I would like to thank everyone involved in this renewal, especially the promoter and Red Bull.
“I want to pay tribute to Dietrich Mateschitz for the love, passion, and vision he brought to Formula 1 that has ensured the continued success of the event and the huge enthusiasm for our sport in Austria and around the world.”
The 2023 Austrian Grand Prix will take place from June 30 – July 2, and will feature the Sprint format for the second consecutive year.
Erich Wolf, General Manager of Projekt Spielberg GmbH & Co KG, added: “We are proud of the special partnership we have with Formula 1.
“We are absolutely delighted to be welcoming the top class of motorsport to the Red Bull Ring for a further four years. In signing this contract extension, Formula 1 has made a strong commitment to Austria, Styria and the Murtal region.
“As we enter the tenth year of our partnership with Formula 1, we want to celebrate this milestone with all the great fans of the sport and to thank them for their loyalty and the tremendous atmosphere they help to generate.
“Everyone is invited to experience another great race weekend at Spielberg in 2023.”
