Sidus Space Skyrockets After Becoming a Teammate on NASA’s $3.5 Billion Exploration Extravehicular Activity Services Contract
Jun 15, 2022 By MarketDepth
Sidus Space, Inc. (NASDAQ: SIDU) shares skyrocketed more than 100% on Wednesday after the Company announced that it is part of the Collins Aerospace team which was awarded NASA’s Exploration Extravehicular Activity (xEVAS) services contract.
Manufacturing of Space Components
Sidus Space is involved in the design and manufacture of many flight and ground component parts and systems for various space-related customers and programs. Sidus Space has a broad range of Space-As-a-Service offerings including space-rated hardware manufacturing, design engineering, satellite manufacturing and platform development, launch and support services, data analytics services and satellite constellation management.
Design and Development of Extravehicular Activity
The Exploration Extravehicular Activity Services, or xEVAS Program is expected to include the design, development, production, hardware processing, and sustainment of an integrated Extravehicular Activity (EVA) capability that includes a new Spacesuit and ancillary hardware, such as Vehicle Interface Equipment and EVA tools. This EVA capability is to be provided as a service for the NASA International Space Station (ISS), Artemis Program (Gateway and Human Landing System), and Commercial Space missions.
“We are proud to be part of the Collins xEVA team in development and manufacturing of the next generation space suits to support ISS and Artemis, allowing humans to walk and explore the moon. Over the last 10 years, Sidus has been manufacturing space hardware and participating in every major space project. We are looking forward to playing a meaningful role in this exciting opportunity, continuing our legacy of creating new revenue streams through strong partnerships.”Carol Craig, Sidus Space CEO