Sidus Space Surges 80% As It Becomes Teammate On NASA's $3.5 Bln XEVAS Contract

Shares of Sidus Space, Inc. (SIDU) are surging nearly 80% on Thursday morning after the company announce that it is part of the Collins Aerospace team which was awarded NASA's Exploration Extravehicular Activity (xEVAS) services contract.

SIDU is currently trading at $8.41, up $3.73 or 79.68%, on the Nasdaq, on a heavy volume of 30 million shares, above average volume of 3.4 million. The stock opened its trading at $7.60 after closing Wednesday's trading at $4.68. The stock has traded between $1.26 and $29.70.

Sidus Space is a Space-as-a-Service company focused on mission critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support.

The Exploration Extravehicular Activity Services, or 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.

The xEVAS contract has a potential value of $3.5 billion through 2034 with a 10-year base contract plus two option years. NASA awarded the contract to Collins Aerospace and Axiom Space.

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