Sidus Space Awarded Additional Space Hardware Manufacturing In Support Of NASA's Artemis Program And Space Launch System Manned Vehicle; Shares Move Higher
Portfolio Pulse from Happy Mohamed
Sidus Space has been awarded an additional hardware manufacturing subcontract to support NASA's Artemis Program and Space Launch System (SLS) Manned Vehicle. Sidus will be responsible for the fabrication of the Umbilical Quick Disconnects on the Universal Stage Adapter for the SLS, with Dynetics as the prime contractor.
June 02, 2023 | 12:34 pm
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POSITIVE IMPACT
Dynetics, a subsidiary of Leidos, is the prime contractor for the Universal Stage Adapter for NASA's SLS, and the additional subcontract awarded to Sidus Space may have a minor positive impact on the company.
As the prime contractor for the Universal Stage Adapter, Dynetics benefits from the successful execution of the project. The additional subcontract awarded to Sidus Space may have a minor positive impact on Dynetics and its parent company, Leidos, as it demonstrates progress in the project and strengthens the partnership between the companies.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 60
POSITIVE IMPACT
Sidus Space has been awarded an additional subcontract for NASA's Artemis Program, which could lead to increased revenue and visibility for the company.
The award of this subcontract to Sidus Space demonstrates the company's ability to deliver mission-critical hardware and strengthens its relationship with NASA. This could lead to increased revenue and visibility for Sidus, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100