Sidus Space (NASDAQ:SIDU) Inc, the Space-as-a-Service company, has announced that it is part of the Collins Aerospace team that was awarded NASA’s Exploration Extravehicular Activity (xEVAS) services contract valued at $3.5 billion.
The 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, Sidus said in a statement.
Shares of the Cape Canaveral, Florida-based company were up over 60% again on Thursday to hit US$7.36 by early afternoon.
READ: Sidus Space says it conducted the LizzieSat Phase 1 Safety Review with NASA on June 2, 2022
NASA awarded the contract to Axiom Space and Collins Aerospace, which designs technologically advanced and intelligent solutions for the global aerospace and defense industry.
The xEVAS contract has a potential value of $3.5 billion through 2034 with a 10-year base contract plus two option years, Sidus said.
Sidus will be part of the Collins Aerospace team 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, it told shareholders.
"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,” CEO Carol Craig said in a statement.
“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."
From its 35,000-square-foot manufacturing, assembly, integration, and testing facility in Florida, Sidus is focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support. The firm’s 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.
--Updates with Thursday's share price movement--
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