Sidus Space Awarded $2 Million Contract for U.S. Navy Propulsion Program
2024年8月20日 - 9:30PM
ビジネスワイヤ(英語)
Sidus Space selected a third time to
manufacture trainers
Sidus Space, Inc. (NASDAQ: SIDU), a provider of end-to-end
precision Space Infrastructure solutions that include satellite
Data-as-a-Service on its proprietary on-orbit platform, proudly
announces its selection by Craig Technologies for the manufacturing
of two (2) Fleet Interactive Display Equipment (FIDE)
Pre-production Unit Main panels for Bechtel Plant Machinery, Inc.
(BPMI) in support of a critical U.S. Navy program. This significant
subcontract, valued at $2 million, marks the third time Sidus Space
has been chosen as a subcontractor for this customer.
Under the new agreement, Sidus Space will leverage its
state–of–the–art facilities and experienced team to manufacture,
assemble, test, and deliver the FIDE panel trainers for Craig
Technologies who is leading the design phase of the two panels.
“Sidus Space is currently manufacturing thirteen (13) Propulsion
Plant Trainers and had previously manufactured a related U.S. Navy
trainer system. Our repeat engagements are a testament to the
exceptional quality and reliability of our services. This contract
reinforces our commitment to delivering superior products that meet
the rigorous standards of the defense sector. Our team is dedicated
to contributing to the advancement of national defense capabilities
through innovative mission critical technology,” said Carol Craig,
CEO of Sidus Space.
The project encompasses a range of sophisticated tasks,
including precision manufacturing and rigorous testing processes,
ensuring that every component meets the highest standards of
quality and reliability. As Sidus Space continues to expand its
portfolio of government and commercial projects, this latest
subcontract exemplifies the company’s unwavering dedication to
excellence and its pivotal role in supporting the nation’s critical
infrastructure.
BPMI provides the U.S. Naval Nuclear Propulsion Program high
quality nuclear power plant components for submarines and aircraft
carriers. For more information, visit www.bpmionline.com.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted Space
Infrastructure 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
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. More than just a
“Satellite-as-a-Service” provider, Sidus Space products and
services are offered through its several business units:
Space-as-a-Service, Space-Based Data Solutions, AI/ML Products and
Services, Mission Planning and Management Operations, 3D Printing
and Products and Services, Satellite Manufacturing and Payload
Integration. and Space and Defense Hardware Manufacturing. 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, 2023, 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.
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Sidus Space (NASDAQ:SIDU)
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