Sidus Space Awarded Bechtel Cable Assembly Contract for Mobile Launcher 2

Rhea-AI Summary

Sidus Space (NASDAQ: SIDU) has been awarded a contract by Bechtel Corporation to manufacture cables for the NASA Mobile Launcher 2 project. This collaboration emphasizes Sidus's expertise in mission-critical hardware and its role in the Artemis program, which aims to launch astronauts and cargo to the Moon. This partnership builds on previous work with Bechtel, showcasing the company's stable revenue stream from its Space-as-a-Service model. Sidus Space is ISO certified and offers a range of space-related services, reinforcing its position in the aerospace industry.

Positive

• Awarded contract for NASA Mobile Launcher 2, indicating strong industry demand.
• Demonstrates consistent revenue stream from Space-as-a-Service offerings.
• Established relationship with Bechtel enhances credibility and market position.

Negative

• None.

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)-- Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company focused on mission critical hardware manufacturing combined with commercial satellite design, manufacture, launch, and data collection today has been selected by Bechtel Corporation to manufacture cables for the NASA Mobile Launcher 2 project. Sidus was previously awarded a contract to fabricate custom cables and populate unique electronics cabinets supporting the launch control subsystem and ground special power subsystems.

Mobile Launcher 2 (ML2) is the ground platform structure that will launch Space Launch System (SLS) Block 1B and Block 2 configurations to the Moon, allowing the agency to send astronauts and heavy cargo to the lunar surface as part of NASA’s Artemis program. ML2 is the primary interface between the ground launch control system and the SLS rocket and Orion spacecraft flight hardware.

“Our extensive experience in Space and Defense hardware manufacturing is an important component of our end-to-end Space-as-a-Service offering, which has proven to be a stable and growing revenue stream for us as we develop and market new offerings,” said Carol Craig, Sidus Space Founder and CEO. “Continued work from Bechtel on this important project helps demonstrate the consistent quality of our production.”

About Sidus Space

Sidus Space (NASDAQ: SIDU), located in Cape Canaveral, Florida, operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on commercial satellite design, manufacture, launch, and data collection. The company’s rich heritage includes the design and manufacture of many flight and ground component parts and systems for various space-related customers and programs. Sidus Space has a broad range of Space-As-a-Service offerings including space-rated hardware manufacturing, design engineering, satellite manufacturing and platform development, launch and support services, data analytics services and satellite constellation management.

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 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, 2021, 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/20230103005468/en/

Investor Relations

Dave Gentry

RedChip Companies Inc.

SIDU@redchip.com

1-800-RED-CHIP (733-2447)

Or 407-491-4498

Heather Crowell

Executive Vice President

Gregory FCA

heather@gregoryfca.com

Media Contact

Katie Kennedy

Senior Vice President

Gregory FCA

katiek@gregoryfca.com

1-610-731-1045

www.sidusspace.com

Source: Sidus Space, Inc.

FAQ

What is the recent contract awarded to Sidus Space (SIDU) about?

Sidus Space (SIDU) was awarded a contract by Bechtel to manufacture cables for the NASA Mobile Launcher 2 project.

How does the NASA Mobile Launcher 2 project relate to Sidus Space?

The NASA Mobile Launcher 2 project is crucial for launching astronauts and cargo to the Moon as part of the Artemis program, and Sidus Space is providing essential cables for this project.

What is the significance of Bechtel Corporation partnering with Sidus Space?

Bechtel's partnership with Sidus Space underscores the latter's capabilities in mission-critical hardware manufacturing and enhances its market credibility.

How does Sidus Space's contract impact its business model?

The contract reinforces Sidus Space's Space-as-a-Service business model, showcasing a stable revenue stream from government contracts.

What is the function of Mobile Launcher 2 in NASA's Artemis program?

Mobile Launcher 2 serves as the ground platform for launching the Space Launch System (SLS) to support Moon missions in NASA's Artemis program.