Sidus Space Up 81% as Company Will Be Subcontractor on NASA Pact
June 15 2022 - 01:10PM
Dow Jones News
By Josh Beckerman
Sidus Space Inc. shares rose 81% to $2.61 as the company said it
will be a major subcontractor for the National Aeronautics and
Space Administration's Exploration Extravehicular Activity services
contract.
Sidus is part of the Collins Aerospace team. Collins is a unit
of Raytheon Technologies Corp.
NASA said on June 1 that the contract focused on spacesuits and
spacewalk systems, awarded to Axiom Space Inc. and Collins, could
be worth $3.5 billion over 12 years.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 15, 2022 13:55 ET (17:55 GMT)
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