Momentusโ Vigoride OSV provides rapid on-orbit demonstrations and agile mission adaptabilityโstrengthening U.S. defense
Momentus Inc. (NASDAQ: MNTS) today announced its selection to participate in the Missile Defense Agencyโs (MDA) Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefiniteโdelivery, indefiniteโquantity (IDIQ) contract vehicle. This designation positions Momentus to compete for rapid task orders supporting technology demonstrations, missile tracking, resilient communications, and other national defense missions.
The SHIELD program is a major element of the Pentagonโs new Golden Dome missile defense initiative, designed to create a layered shield against advanced ballistic and cruise missile threats. The SHIELD program has a potential 10โyear contract ceiling of $151 billion and provides the MDA with a flexible contract vehicle to rapidly acquire advanced technologies of strategic importance to national defense.
CEO John Rood commented:
โUnder SHIELD, Momentus stands ready to turn speed into effects. Our configurable onโorbit services can enable MDA to detect threats sooner, connect forces faster, and validate technologies todayโleveraging our proven onโorbit performance. We look forward to supporting MDA and the Nation in this critical defense requirement.โ
SHIELD provides Momentus with a pathway to compete for task order contracts that we expect to be released regularly by MDA across multiple mission areas as part of the Golden Dome initiative. The flightโproven Momentus Vigoride Orbital Service Vehicle (OSV) and its derivatives provide the Missile Defense Agency with a versatile platform to accelerate SHIELD technology demonstrations and can be used to support space-based missile tracking, communications, and interceptors. These systems can also support space superiority and space domain awareness missions. By offering mission agility and the ability to rapidly adapt to evolving requirements, Momentus provides a resilient and flexible solution that aligns directly with SHIELDโs objectives to strengthen the nationโs defense posture.
About Momentus
Momentus Inc. (NASDAQ: MNTS) is a U.S. commercial space company offering satellite buses, satellite components and in-space infrastructure services, including transportation, hosted payloads, and other in-orbit operations. With its Vigoride Orbital Service Vehicle, Momentus is pioneering solutions to make space more accessible and sustainable for commercial, government, and research customers.
Forward-Looking Statements
This press release contains certain statements that may constitute โforward-looking statementsโ for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Momentus or its management teamโs expectations, hopes, beliefs, intentions or strategies regarding the future, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentusโ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading โRisk Factorsโ in the Annual Report on Form 10-K filed by the Company on June 6, 2024, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the โSECโ), accessible on the SECโs website at www.sec.gov and the Investor Relations section of our website at https://momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
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โMomentus stands ready to turn speed into effectsโdetecting threats sooner, connecting forces faster, and validating technologies today.โ โ John Rood
