- Astra Space Inc ASTR has secured the Orbital Services Program (OSP)-4 IDIQ contract from the Rocket Systems Launch Program (RSLP) of the Space Force. The financial terms of the contract were not disclosed.
- OSP-4 allows the rapid acquisition of launch services to meet mission requirements for payloads greater than 400 pounds, enabling launch to any orbit within 12-24 months from task order award.
- Astra's inclusion preserves and enhances the small launch industrial base and yields the Space Force a more diverse vendor pool supporting the nation's defense.
- The Space Force expects to procure from Astra and the other providers under this contract approximately 20 missions in total over the nine-year ordering period.
- Price Action: ASTR shares are trading higher by 8.57% at $12.15 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
