Sidus Space and L3Harris Team for the Department of Defense Mentor-Protégé Program
April 11 2023 - 8:30AM
Business Wire
Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company
focused on commercial satellite design, manufacture, launch, and
data collection, is teaming with L3Harris Technologies (NYSE:LHX)
for the Department of Defense Mentor-Protégé Program (MPP).
The DoD program helps businesses expand their footprint in the
defense industrial base by supporting their partnering efforts with
larger companies, such as L3Harris.
"We look forward to capitalizing on opportunities for process
improvements as we work with L3Harris on various assessments and
benchmarking initiatives, gaining valuable large company
perspective that will benefit our team as we scale operations in
the quarters and years ahead," said Carol Craig, Founder and CEO of
Sidus Space. "In addition to expanding our supplier relationship
with L3Harris, this agreement will strengthen our ability to
provide global customers, including the Department of Defense and
other defense agencies, with a range of Space-as-a-Service
solutions such as satellite services and space-based data
offerings."
The MPP is designed to enhance Sidus’ capabilities to operate
more effectively within the DoD supplier base, enabling the company
to more efficiently reach its vision of making space data
accessible and actionable to a broad range of customers. The DoD
program is the oldest continuously operating federal MPP in
existence. Over the past five years, this dynamic program has
supported more than 190 businesses in their mission to fill unique
niches within the military’s supply chain ecosystem.
The Sidus-L3Harris MPP agreement runs from April 1, 2023 to
March 31, 2024.
About Sidus Space
Sidus Space, located in Cape Canaveral, Florida, operates from a
35,000-square-foot manufacturing, assembly, integration, and
testing facility focused on commercial satellite design,
manufacture, launch, and data collection. The company’s rich
heritage includes the design and manufacture of many flight and
ground component parts and systems for various space-related
customers and programs. Sidus Space has a broad 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.
Sidus Space has a mission of Bringing Space Down to Earth™ and a
vision of enabling space flight heritage status for new
technologies while delivering data and predictive analytics to
domestic and global customers. Any corporation, industry, or
vertical can start their journey off-planet with Sidus Space’s
rapidly scalable, low-cost satellite services, space-based
solutions, and testing alternatives. More than just a
"Satellite-as-a-Service" provider, Sidus Space is a trusted Mission
Partner–from concept to Low Earth Orbit and beyond. Sidus is ISO
9001:2015, AS9100 Rev. D certified, and ITAR registered and a
self-certified small disadvantaged, service-disabled, and Women’s
Business Enterprise National Council (WBENC) certified woman-owned
firm.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
‘forward-looking statements’ within the meaning of The Private
Securities Litigation Reform Act of 1995. The words ‘anticipate,’
‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’
‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’
‘target,’ ‘will,’ ‘would’ and similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important
factors, including: the uncertainties related to market conditions
and other factors discussed in Sidus Space’s Annual Report on Form
10-K for the year ended December 31, 2022, and other periodic
reports filed with the Securities and Exchange Commission. Any
forward-looking statements contained in this press release speak
only as of the date hereof, and Sidus Space, Inc. specifically
disclaims any obligation to update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
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Investor Relations Dave Gentry RedChip Companies Inc.
SIDU@redchip.com 1-800-RED-CHIP (733-2447) Or 407-491-4498
Heather Crowell Executive Vice President Gregory FCA
heather@gregoryfca.com
Media Contact Katie Kennedy Senior Vice President Gregory
FCA katiek@gregoryfca.com 1-610-731-1045
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