<p>Austria's Red Bull Ring will remain on the Formula One calendar until at least 2030 after the sport announced a contract extension on Sunday.</p>.<p>The race in Spielberg is a home one for the energy drinks company that owns two of Formula One's 10 teams in champions Red Bull Racing and Italy-based AlphaTauri.</p>.<p>Both sides agreed a four-year extension to 2027 only last March.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/sports/formula-1/verstappen-runs-away-with-austrian-f1-sprint-race-1233079.html" target="_blank">Verstappen runs away with Austrian F1 sprint race</a></strong></p>.<p>Formula One chief executive Stefano Domenicali said the latest extension was a tribute to the "vision and passion" of Red Bull's late co-founder Dietrich Mateschitz, who died last October.</p>.<p>"The race in Austria is a big favourite for the drivers and all our fans and we are looking forward to many years of excitement and action that are ahead of us," he added in a statement.</p>.<p>Sunday's announcement puts Austria ahead of other European circuits in terms of contract longevity.</p>.<p>Elsewhere, Bahrain has a deal to 2036, Melbourne to 2035, Saudi Arabia and Qatar to at least 2032, Miami to 2031 and Abu Dhabi to 2030.</p>.<p>The Austrian race returned to the calendar in 2014 after an 11 year absence.</p>.<p>Red Bull have won every race so far this season and nine in a row including the last round of 2022.</p>.<p>The team of double world champion Max Verstappen and Mexican Sergio Perez celebrated their 100th win in Formula One in Canada last month.</p>
<p>Austria's Red Bull Ring will remain on the Formula One calendar until at least 2030 after the sport announced a contract extension on Sunday.</p>.<p>The race in Spielberg is a home one for the energy drinks company that owns two of Formula One's 10 teams in champions Red Bull Racing and Italy-based AlphaTauri.</p>.<p>Both sides agreed a four-year extension to 2027 only last March.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/sports/formula-1/verstappen-runs-away-with-austrian-f1-sprint-race-1233079.html" target="_blank">Verstappen runs away with Austrian F1 sprint race</a></strong></p>.<p>Formula One chief executive Stefano Domenicali said the latest extension was a tribute to the "vision and passion" of Red Bull's late co-founder Dietrich Mateschitz, who died last October.</p>.<p>"The race in Austria is a big favourite for the drivers and all our fans and we are looking forward to many years of excitement and action that are ahead of us," he added in a statement.</p>.<p>Sunday's announcement puts Austria ahead of other European circuits in terms of contract longevity.</p>.<p>Elsewhere, Bahrain has a deal to 2036, Melbourne to 2035, Saudi Arabia and Qatar to at least 2032, Miami to 2031 and Abu Dhabi to 2030.</p>.<p>The Austrian race returned to the calendar in 2014 after an 11 year absence.</p>.<p>Red Bull have won every race so far this season and nine in a row including the last round of 2022.</p>.<p>The team of double world champion Max Verstappen and Mexican Sergio Perez celebrated their 100th win in Formula One in Canada last month.</p>