Sidus Space Completes Purchase Order, Delivers Cabinets for Bechtel's NASA Mobile Launcher 2 Project, and Continues Production for Additional Cabinets
May 02 2024 - 8:30AM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service satellite company
announced the successful delivery of two electronic LCS cabinets to
Bechtel as part of NASA's mobile launcher 2. These cabinets,
integral to the Launch Control System, mark a significant milestone
in Sidus Space's contribution to NASA's Artemis Campaign aimed at
lunar exploration and colonization. Furthermore, Sidus Space is
continuing production of additional cabinets in a separate purchase
order, reaffirming its commitment to supporting future
missions.
The delivery of electronic LCS cabinets underscores Sidus
Space's commitment to excellence in aerospace technology. Sidus has
collaborated with Bechtel to fabricate custom cables and populate
unique electronics cabinets supporting the launch control subsystem
and ground special power subsystems.
Mobile launcher 2 serves as the crucial ground platform
structure for launching Space Launch System (SLS) rockets Block 1B
and Block 2 configurations. These larger, more powerful
configurations are designed to fulfill NASA’s goal of transporting
astronauts and heavy cargo to the moon as part of the agency’s
Artemis Campaign.
"We are proud to announce the successful completion of the
electronic LCS cabinets delivery to Bechtel, helping our partner
deliver NASA’s mobile launcher 2," stated Sidus Space Chief
Production Officer, Rich Kube. "This achievement marks a
significant milestone in our contribution to NASA's Artemis
Campaign. Our ongoing contribution of critical components to the
launch of the SLS rockets Block 1B and Block 2 configurations
reflects our unwavering commitment to supporting the Artemis
Campaign and NASA’s goal to explore and establish a presence on the
lunar surface. As we continue production for additional cabinets,
Sidus Space reaffirms its dedication to supporting future missions
and advancing aerospace technology."
About Sidus Space
Sidus Space (NASDAQ: SIDU) is a multi-faceted Space and
Data-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’s products and
services are offered through its four business units: Space and
Defense Hardware Manufacturing, Satellite Manufacturing and Payload
Integration, Space-Based Data Solutions, and AI/ML Products and
Services to support customers from concept to Low Earth Orbit and
beyond. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240502098344/en/
Investor Relations Valter Pinto or Jack Perkins KCSA
Strategic Communications sidus@kcsa.com (212) 896-1254 For media
inquiries: press@sidusspace.com
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
From Jul 2023 to Jul 2024