Momentus Pens A Contract With FOSSA Systems To Provide Hosted Payload Services Starting In 2024
Portfolio Pulse from Benzinga Newsdesk
Momentus Inc. (NASDAQ:MNTS), a U.S. commercial space company, has signed a contract with FOSSA Systems, a Spanish IoT company, to provide hosted payload services starting in 2024. The contract also includes two options for additional hosted payloads. These payloads will complement FOSSA's existing IoT satellite constellation with additional capacity.
August 24, 2023 | 11:57 am
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Momentus Inc. has secured a contract with FOSSA Systems to provide hosted payload services from 2024. This could potentially increase the company's revenue and strengthen its position in the commercial space services market.
The contract with FOSSA Systems is a positive development for Momentus Inc. as it could lead to increased revenue from 2024 onwards. The deal also strengthens Momentus' position in the commercial space services market, potentially making it more attractive to investors.
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