Sidus Space secures $2M contract for US Navy Propulsion Project
by Clarence Oxford
Los Angeles CA (SPX) Aug 21, 2024

Sidus Space, Inc. (NASDAQ: SIDU), a provider of precision space infrastructure solutions, has been awarded a $2 million subcontract by Craig Technologies. The contract involves manufacturing two Fleet Interactive Display Equipment (FIDE) Pre-production Unit Main panels for Bechtel Plant Machinery, Inc. (BPMI), in support of a key U.S. Navy program. This marks the third time Sidus Space has been selected as a subcontractor for this customer.

Under this agreement, Sidus Space will utilize its advanced facilities and skilled team to manufacture, assemble, test, and deliver the FIDE panel trainers for Craig Technologies, which is leading the design of the panels.

"Sidus Space is currently manufacturing thirteen (13) Propulsion Plant Trainers and had previously manufactured a related U.S. Navy trainer system. Our repeat engagements are a testament to the exceptional quality and reliability of our services. This contract reinforces our commitment to delivering superior products that meet the rigorous standards of the defense sector. Our team is dedicated to contributing to the advancement of national defense capabilities through innovative mission critical technology," said Carol Craig, CEO of Sidus Space.

The project involves complex tasks, including precision manufacturing and extensive testing, ensuring that every component adheres to the highest standards of quality and reliability. As Sidus Space continues to grow its portfolio of government and commercial projects, this latest subcontract highlights the company's commitment to excellence and its vital role in supporting the nation's critical infrastructure.

BPMI provides high-quality nuclear power plant components for the U.S. Naval Nuclear Propulsion Program, supporting submarines and aircraft carriers. For more information, visit www.bpmionline.com.

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