Momentus Receives HALO Prototype Order Contract from SDA
Momentus (NASDAQ: MNTS) has been awarded a contract from the U.S. Defense Department's Space Development Agency (SDA) for the Hybrid Acquisition for Proliferated LEO (HALO) program. The program aims to deploy hundreds of satellites in low-Earth orbit, with Momentus being one of 19 vendors selected. The HALO program will enable rapid prototyping and spaceflight demonstrations, with prototype orders expected to launch 12-18 months after award. Momentus will leverage its Vigoride satellite bus for these missions, which is designed to accommodate diverse payloads and conduct complex operations from their San Jose mission control center.
Momentus (NASDAQ: MNTS) ha ricevuto un contratto dall'Agenzia per lo sviluppo spaziale (SDA) del Dipartimento della Difesa degli Stati Uniti per il programma Hybrid Acquisition for Proliferated LEO (HALO). L'obiettivo del programma è quello di lanciare centinaia di satelliti in orbita terrestre bassa, con Momentus selezionata come una delle 19 aziende fornitrici. Il programma HALO consentirà la prototipazione rapida e dimostrazioni di volo spaziale, con gli ordini dei prototipi previsti per il lancio 12-18 mesi dopo l'assegnazione. Momentus utilizzerà il suo satellite bus Vigoride per queste missioni, progettato per accogliere carichi utili diversificati e condurre operazioni complesse dal loro centro di controllo missione di San Jose.
Momentus (NASDAQ: MNTS) ha sido adjudicada un contrato por parte de la Agencia de Desarrollo Espacial (SDA) del Departamento de Defensa de EE. UU. para el programa de Adquisición Híbrida para LEO Proliferado (HALO). El programa tiene como objetivo desplegar cientos de satélites en órbita terrestre baja, siendo Momentus uno de los 19 proveedores seleccionados. El programa HALO permitirá la creación rápida de prototipos y demostraciones de vuelo espacial, con pedidos de prototipos que se espera se lancen entre 12 y 18 meses después de la adjudicación. Momentus aprovechará su bus satelital Vigoride para estas misiones, diseñado para acomodar cargas útiles diversas y realizar operaciones complejas desde su centro de control de misión en San José.
Momentus (NASDAQ: MNTS)는 미국 국방부의 우주 개발 기관(SDA)로부터 저지구 궤도에서의 하이브리드 조달 프로그램(HALO)에 대한 계약을 수주했습니다. 이 프로그램은 수백 개의 위성을 저지구 궤도에 배치하는 것을 목표로 하며, Momentus는 선정된 19개 공급업체 중 하나입니다. HALO 프로그램은 신속한 프로토타입 제작과 우주 비행 시연을 가능하게 하며, 프로토타입 주문은 계약 후 12-18개월 이내에 출시될 것으로 예상됩니다. Momentus는 이러한 임무를 위해 다양한 유인물체를 수용하고 복잡한 작업을 수행하도록 설계된 Vigoride 위성 버스를 활용할 것입니다. 이 작업은 그들의 샌호세 미션 제어 센터에서 진행됩니다.
Momentus (NASDAQ: MNTS) a obtenu un contrat de l'Agence de développement spatial (SDA) du ministère de la Défense des États-Unis pour le programme d'acquisition hybride pour LEO proliféré (HALO). Le programme vise à déployer des centaines de satellites en orbite terrestre basse, Momentus étant l'un des 19 fournisseurs sélectionnés. Le programme HALO permettra le prototypage rapide et des démonstrations de vol spatial, avec des commandes de prototypes prévues pour être lancées 12 à 18 mois après l'attribution. Momentus tirera parti de son bus satellite Vigoride pour ces missions, qui est conçu pour accueillir des charges utiles diverses et mener des opérations complexes depuis leur centre de contrôle de mission à San José.
Momentus (NASDAQ: MNTS) erhielt einen Vertrag von der Raumfahrtentwicklungsagentur (SDA) des US-Verteidigungsministeriums für das Hybridverfahrensprogramm für proliferierte LEOs (HALO). Ziel des Programms ist es, Hunderte von Satelliten in einer niedrigen Erdumlaufbahn einzusetzen, wobei Momentus eines der 19 ausgewählten Anbieter ist. Das HALO-Programm ermöglicht schnelle Prototypenentwicklung und Raumfahrt-Demonstrationen, wobei mit der Lieferung von Prototypen 12-18 Monate nach der Vergabe gerechnet wird. Momentus wird für diese Missionen den Vigoride-Satellitenbus nutzen, der für die Aufnahme verschiedener Nutzlasten und die Durchführung komplexer Operationen aus ihrem Mission Control Center in San Jose ausgelegt ist.
- Selected as one of 19 vendors for the SDA HALO program
- Access to compete for multiple prototype orders annually
- Demonstrated capability with three successful Vigoride launches in one year
- None.
Insights
This SDA contract award represents a significant strategic opportunity for Momentus, opening access to a potential multi-billion dollar defense market. The HALO program's scope of "several hundred satellites" indicates substantial revenue potential, though specific contract values aren't disclosed. The selection among just 19 vendors positions Momentus favorably for future prototype orders.
The company's Vigoride platform's proven track record with three successful launches strengthens its competitive position. The 12-18 month prototype deployment timeline aligns well with Momentus's demonstrated capabilities. However, investors should note that as a micro-cap company (
SDA has been tasked with deploying a constellation of several hundred satellites in low-Earth orbit (LEO). The SDA HALO program is designed to solicit and award rapid, cost-effective prototyping and spaceflight demonstrations to demonstrate new technology to be added to the constellation in future tranches. “SDA is proud to welcome 19 vendors into the first-ever HALO pool,” said SDA Director Derek Tournear. “This creative award solution enables SDA to quickly compete, build, and fly demonstration missions to burn down risk for the future of the Proliferated Warfighter Space Architecture. We also hope, through the HALO pool, to build a broader base of vendors that can compete for work on operational layers of future tranches.”
Only vendors selected for the HALO program can bid on specific demonstration prototype orders, with multiple prototype orders expected to be initiated and awarded annually. HALO offers a flexible and fast contracting mechanism to compete for and award follow-on contracts.
Momentus is honored to be selected for HALO and looks forward to collaborating with the SDA on future demonstration missions and tranches. As a prime system integrator, Momentus has extensive experience working with various payload providers. The Momentus Vigoride bus is well-suited for these missions, designed to accommodate diverse payloads and conduct complex operations from our mission control center in
Prototype orders under HALO will focus on rapid, end-to-end mission demonstrations, aiming to launch 12-18 months after the award. These demonstrations must be conducted by a Non-traditional Defense Contractor like Momentus, acting as the prime contractor. As part of the program, Momentus and key personnel will support both classified and unclassified programs.
“We’re delighted by the opportunity to work with SDA to demonstrate key technologies that will help ensure our Nation’s safety and space superiority,” said Momentus Chief Executive Officer John Rood. “Vigoride’s flexibility, payload capacity, and power make it well-positioned to support a range of national security missions. With three launches in one year, Vigoride has proven it is ready to take on the most challenging missions.”
About Momentus Inc.
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This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company’s Form 10-K and Form 10-Q and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on June 6, 2024, as amended by that certain Annual Report on Form 10-K/A filed by the Company on September 16, 2024, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
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Source: Momentus Inc.
FAQ
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