Momentus Signs Contract With CalgaryToSpace For 2025 Orbital Delivery Services
Portfolio Pulse from Benzinga Newsdesk
Momentus Inc. (NASDAQ:MNTS) has signed a contract with CalgaryToSpace for orbital delivery services in 2025. Momentus will transport CTS-SAT-1, a satellite with two payloads developed at the University of Calgary, to study auroral arcs and test a new 3D printing technique for carbon fiber booms. This contract is Momentus' seventh since August, with previous agreements including AVS, FOSSA, Aarhus, C3S, SatRev, and RIDE! space. Momentus is also preparing for SpaceX Transporter-11 and Transporter-12 missions in 2024 and offers various in-space services and satellite buses.
December 06, 2023 | 1:17 pm
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Momentus Inc. has signed a new contract with CalgaryToSpace for 2025, adding to its growing list of commercial agreements for satellite transportation and in-space services.
The new contract with CalgaryToSpace is likely to have a positive short-term impact on MNTS stock as it demonstrates the company's continued growth and ability to secure new business in the space transportation sector. The announcement of this contract, along with the mention of six other recent contracts, suggests a strong commercial momentum, which could increase investor confidence and potentially lead to a rise in the stock price.
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