The Austrian GP has secured a four-year extension to its deal with F1, which will see the race remain on the calendar through 2027.
The race at the Red Bull Ring was set to host its final edition under the existing agreement with F1 this year, with the track providing the venue for one of the six Sprint Races on the calendar in 2023.
Austria returned to the F1 calendar 10 years ago, backed by Red Bull owner Dietrich Mateschitz, who was a native of the Styria region.
“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 President and CEO Stefano Domenicali in a statement.
“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 and 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.”