Sidus Space to Participate in $3.5 Billion NASA Contract

Jun 16, 2022 By MarketDepth

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Sidus Space, Inc. (NASDAQ: SIDU) announced yesterday that it is part of the Collins Aerospace team which was awarded NASA’s Exploration Extravehicular Activity (xEVAS) services contract.

“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

The xEVAS contract has a potential value of $3.5 billion through 2034 and is expected to include the design, development, production, hardware processing, and sustainment of an integrated Extravehicular Activity. 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.

Awarded Contract

NASA awarded the contract to Collins Aerospace and Axiom Space and Sidus was selected as a teammate with Collins Aerospace through the life cycle of the program as a major subcontractor during the period of performance of the NASA xEVAS contract and other contracts with independent commercial entities.