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Sidus Space Awarded Subcontract by Parsons for US Space Force Launch Manifest Systems Integration (LMSI) Support

By: via Business Wire

Sidus Space, Inc. (NASDAQ: SIDU), a Space and Defense-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support, was awarded a new subcontract to produce hardware in support of Parsons Corporation’s (NYSE: PSN) Launch Manifest Systems Integration (LMSI) contract. Under the terms of the agreement, Sidus Space will fabricate a master harness assembly and test cables for Parsons.

"Parsons is an industry leader, and we are pleased to further our work on this important U.S. Space Force mission in collaboration with such a notable partner," said Carol Craig, Sidus Space founder and CEO. “This latest contract award again underscores our strong position in the space community where we are playing an increasingly vital role as a manufacturing partner with one of the U.S. Space Force’s leading prime contractors.”

Sidus offers over a decade of expertise in manufacturing mission critical hardware for customers including international and U.S. governments, NASA, and major space and defense prime contractors like Parsons Corporation. With a proven history of success, space qualification know-how, and a rich legacy of hardware manufacturing, Sidus plays a pivotal role in missions that extend beyond low Earth orbit (LEO), encompassing destinations such as the moon, Mars, and beyond.

Parsons is the U.S. Space Force’s prime contractor leading LMSI, a multi-year contract to integrate and operate rideshare payloads in the national security and other U.S. Government (USG) missions. Parsons is delivering multi-manifest small satellite payload integration solutions to space for USG-owned and sponsored small satellite systems, and has integrated payloads for several missions, including the U.S. Space Force’s Advanced Extremely High Frequency (AEHF)-5 communications satellite and the joint NASA/U.S. Geological Survey’s Landsat 9 Earth observation satellite.

About Sidus Space

Sidus Space (NASDAQ: SIDU), 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.

About Parsons:

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

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. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. 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 described more fully in the section entitled ‘Risk Factors’ 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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