Sidus Space Bags Subcontract For US Navy Propulsion Program

Sidus Space Inc SIDU has secured a subcontract for the U.S. Navy Propulsion Program. The company has been selected by Craig Technologies to manufacture 13 Propulsion Plant Team Trainer Maneuvering Area Panels for Bechtel Plant Machinery Inc (BPMI).
Sidus will manufacture, assemble, test, and deliver the Manuevering Panel trainers for Craig Technologies. The total value of the project is over $2 million.
"Sidus Space previously manufactured a related U.S. Navy trainer system, and we are excited to be supporting Bechtel and their Navy customer again," said CEO Carol Craig.
BPMI serves the U.S. Naval Nuclear Propulsion Program.
Sidus is a Space-as-a-Service company focused on mission-critical hardware manufacturing combined with commercial satellite design, manufacture, launch, and data collection.
Price Action: SIDU shares are trading higher by 24.2% at $1.36 on the last check Tuesday.