Sidus Space said it is teaming up with L3Harris Technologies for the Department of Defense Mentor-Protégé Program (MPP).
The program helps businesses expand their footprint in the defense industrial base by supporting their partnering efforts with larger companies, such as L3Harris, Sidus said in a statement.
The MPP is designed to enhance Sidus’ capabilities to operate more effectively within the Department of Defense supplier base, enabling the company to more efficiently reach its vision of making space data accessible and actionable to a broad range of customers, the company added.
"We look forward to capitalizing on opportunities for process improvements as we work with L3Harris on various assessments and benchmarking initiatives, gaining valuable large company perspective that will benefit our team as we scale operations in the quarters and years ahead," said Sidus CEO Carol Craig.
"In addition to expanding our supplier relationship with L3Harris, this agreement will strengthen our ability to provide global customers, including the Department of Defense and other defense agencies, with a range of Space-as-a-Service solutions such as satellite services and space-based data offerings."
The Sidus-L3Harris MPP agreement runs from April 1, 2023, to March 31, 2024, the company noted.
Sidus shares added 6.2% in pre-market trading on Tuesday following the news.
Sidus, located in Cape Canaveral, Florida, operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on commercial satellite design, manufacture, launch, and data collection.
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