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Sidus Space Awarded Subcontract for US Navy Propulsion Program
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Sidus Space, Inc. (NASDAQ:SIDU) has been selected as a subcontractor by Craig Technologies for a project valued at over $2 million. The company will manufacture, assemble, test, and deliver 13 Propulsion Plant Team Trainer Maneuvering Area Panels for Bechtel Plant Machinery, Inc. (BPMI), which supports the U.S. Naval Nuclear Propulsion Program. This partnership marks Sidus Space's continued support for the U.S. Navy, building on previous contracts. Sidus operates a 35,000-square-foot facility in Cape Canaveral, Florida, focusing on Space-as-a-Service offerings.
Positive
Secured a subcontract worth over $2 million.
Continued partnership with U.S. Navy customers.
Manufacturing capabilities demonstrated with previous Navy projects.
Negative
None.
Sidus selected as a subcontractor on $2 million contract
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 is pleased to announce its selection by Craig Technologies for the manufacturing of 13 Propulsion Plant Team Trainer Maneuvering Area Panels for Bechtel Plant Machinery, Inc. (BPMI).
Sidus will manufacture, assemble, test, and deliver the Manuevering Panel trainers for Craig Technologies who is leading the design of the Maneuvering Panels for BPMI and with a total project value of over $2 million.
“Sidus Space previously manufactured a related U.S. Navy trainer system, and we are excited to be supporting Bechtel and their Navy customer again,” said Carol Craig, CEO of Sidus Space, Inc.
BPMI serves the U.S. Naval Nuclear Propulsion Program. The company provides design and procurement services for the fabrication, testing, delivery, installation, and field support of high-quality nuclear power plant components used in U.S. submarines and aircraft carriers.
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.
About Craig Technologies
Craig Technologies is a nationwide company which supports projects from concept to real-world application with end-users in mind. Craig Technologies wide scope of award-winning engineering and technical solutions include Multidisciplinary Engineering, Systems Engineering and Integration, Cybersecurity, Range Operations, Software Design and Development, Training and Courseware Development, Modeling & Simulation, Information Technology Support, and Integrated Logistics Support.
Founded in 1999 by CEO, Carol Craig, Craig Technologies is a US-Owned Small Business, Woman-Owned Small Business (WOSB), Service-Disabled Veteran-Owned Small Business (SDVOSB), Small disadvantaged Business (SDB) and Hispanic Minority-Owned Small Business that is ISO9001:2015/AS9100D Certified, and ITAR Registered. Growing Craig Technologies from one person in 1999, Craig leads nationwide operations with associates in 16 different states and 2 countries with Headquarters in Florida’s Space Coast in Merritt Island, Florida.
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.
