Momentus Secures Contract Expansion for Space Assembly of Large Structures

Momentus Inc. (NASDAQ: MNTS), a leading provider of in-space transportation services, has secured a contract expansion from the Defense Advanced Research Projects Agency (DARPA) to advance the assembly of large-scale structures in space. This expansion, valued at $1,196,404, is part of the broader Small Business Innovation Research Award totaling $1,942,477, aimed at enhancing the capabilities of the Vigoride Orbital Service Vehicle to meet the specific needs of the Department of Defense (DoD).

Under this contract modification, Momentus will tailor the Vigoride Orbital Service Vehicle to support a wide range of DoD payloads and mission requirements, setting the stage for a rapid transition to an in-space flight demonstration. This expansion highlights the vehicle's flexibility, payload capacity, and power, making it well-positioned to support national security missions such as space situational awareness, surveillance, reconnaissance, and other priorities.

"Vigoride's flexibility, payload capacity, and power make it well-positioned to support a range of national security missions like space situational awareness, surveillance, reconnaissance, and other priorities," said Momentus Chief Executive Officer John Rood. "We're pleased that the Space Development Agency has expanded this contract to make improvements to Vigoride, so it is tailored to support SDA and DoD’s growing needs and to meet the requirements of their national security missions."

In addition to the Vigoride Orbital Service Vehicle, Momentus is now also offering its M-1000 satellite bus, which is based on the space-proven Vigoride technology. This latest contract expansion will also provide benefits to enable the Defense Department to use the M-1000 satellite bus for a range of missions like communications and missile tracking. The M-1000 bus offers significant advantages to commercial and government customers, such as its high power - up to 3 kW of peak power - large payload capacity, flexible configuration, speed from requirements to delivery on-orbit, and low cost.

Momentus has offered the M-1000 satellite bus to both commercial constellation providers and to the U.S. Government, positioning itself as a key player in the competitive landscape of commercial and government satellite providers. The introduction of the M-1000 satellite bus, combined with the expansion of the Vigoride Orbital Service Vehicle contract, further solidifies Momentus' position in the space infrastructure economy.



In conclusion, the expansion of this contract is expected to have a positive impact on Momentus' financial projections in both the short and long term. The additional funding will allow Momentus to invest in the development and enhancement of the Vigoride Orbital Service Vehicle and the M-1000 satellite bus, generating revenue through the provision of in-space transportation, hosted payloads, and other in-orbit services to both commercial and government customers. The successful completion of this contract and the resulting improvements to the Vigoride Orbital Service Vehicle and the M-1000 satellite bus are expected to position Momentus as a key player in the space infrastructure economy, attracting additional customers and generating further revenue streams.