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AST SpaceMobile Secures $43 Million Contract in Support of U.S. Space Development Agency Through Prime Contractor

1. AST SpaceMobile secured a $43 million contract with the U.S. Space Development Agency. 2. The contract supports space-based cellular broadband for commercial and government use.

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FAQ

Why Bullish?

This contract validates ASTS's technology and revenue potential, akin to past deals boosting tech stocks.

How important is it?

The contract signifies strong demand for ASTS's services, enhancing growth prospects and market confidence.

Why Short Term?

Immediate revenue recognition could energize investor sentiment and stock price soon.

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MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #AST--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced a new contract award in support of the United States Space Development Agency (SDA) through a prime contractor, with total expected revenue of $43 million. As part of the U.S. Space Force, SDA will accelerate d.

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