Sidus Space Awarded a 5 Year, $10 Million Ceiling (IDIQ) Commercial Contract to Support Commercial Lunar Transportation

Rhea-AI Summary

Sidus Space (NASDAQ: SIDU) has been awarded a 5-year, $10 million Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract to provide services to a US owned company in support of their commercial lunar program. Sidus will be supporting a lunar transportation, infrastructure, and exploration services company with Program Management, Flight Software, Command & Data Handling, Electrical and Thermal support services. This contract has the potential for significant impact on the future of commercial space as preparations escalate for human missions to the moon and eventually to Mars.

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)-- Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a multi-faceted Space and Data-as-a-Service company, today announced it has been awarded an Indefinite-Delivery/ Indefinite-Quantity (IDIQ) contract to provide services to a US owned company in support of their commercial lunar program. The 5-year, IDIQ contract has a $10 Million ceiling.

Sidus will be supporting a lunar transportation, infrastructure and exploration services company with Program Management, Flight Software, Command & Data Handling (C&DH), Electrical and Thermal support services. A commercial lunar platform includes everything from payload integration and operations, to launching from Earth and landing on the surface of the Moon. Lunar missions have the potential for significant impact on the future of commercial space as preparations escalate for human missions to the moon and eventually to Mars.

Carol Craig, Sidus Space Founder and CEO, said, “We understand the importance of lunar missions. The moon provides an opportunity to build an infrastructure that enables human permanence on the moon and a transition to commercial operations past lower earth orbit and on to more distant destinations.”

About Sidus Space

Sidus Space (NASDAQ: SIDU) is a Space and Data-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is located in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.

Sidus Space has a mission of Bringing Space Down to Earth™ and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Any corporation, industry, or vertical can start their journey off-planet with Sidus Space’s rapidly scalable, low-cost satellite services, space-based solutions, and testing alternatives. More than just a “Satellite-as-a-Service” provider, Sidus Space is a trusted Mission Partner–from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2022, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231102707983/en/

Investor Relations

Valter Pinto or Jack Perkins

KCSA Strategic Communications

sidus@kcsa.com

(212) 896-1254



Media

Pam Davis

Sidus Space

mediateam@sidusspace.com

Source: Sidus Space

FAQ

What is the company that awarded the contract to Sidus Space?

The press release does not mention the name of the company that awarded the contract to Sidus Space.

What services will Sidus Space provide under the contract?

Sidus Space will provide Program Management, Flight Software, Command & Data Handling, Electrical and Thermal support services to a lunar transportation, infrastructure, and exploration services company.

What is the value of the contract awarded to Sidus Space?

The contract has a $10 million ceiling.

What is the duration of the contract?

The contract is for a period of 5 years.

What is the significance of lunar missions for commercial space?

Lunar missions have the potential for significant impact on the future of commercial space as preparations escalate for human missions to the moon and eventually to Mars.