DoD Extends Sidus Space And L3Harris' Mentor-Protégé Program For An Additional Year
Portfolio Pulse from Benzinga Newsdesk
The Department of Defense (DoD) has extended the Mentor-Protégé Program between Sidus Space, Inc. (NASDAQ:SIDU) and L3Harris Technologies (NYSE:LHX) for an additional year. This program aims to foster partnerships between established defense contractors and smaller, emerging businesses to help them expand in the defense industry.
May 21, 2024 | 12:36 pm
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POSITIVE IMPACT
L3Harris Technologies' Mentor-Protégé Program with Sidus Space has been extended by the DoD for an additional year, reinforcing its role as a key player in fostering emerging businesses in the defense sector.
The extension of the Mentor-Protégé Program highlights L3Harris's ongoing commitment to fostering emerging businesses in the defense sector, which could positively influence its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Sidus Space's Mentor-Protégé Program with L3Harris Technologies has been extended by the DoD for an additional year, which could enhance Sidus's footprint in the defense industry.
The extension of the Mentor-Protégé Program is likely to provide Sidus Space with more opportunities and resources to expand its presence in the defense industry, which could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100