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Sidus Space Awarded Five-Year IDIQ Contract to Support Tobyhanna Army Depot

1. Sidus Space awarded five-year IDIQ contract with Tobyhanna Army Depot. 2. Contract involves fabrication and on-call services for critical electrical components.

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FAQ

Why Bullish?

The contract signifies potential revenue growth and enhances SIDU's credibility with military contracts, akin to historical contracts that boosted company valuations in defense sectors.

How important is it?

The contract directly impacts SIDU's financial projections and market standing, representing a significant development for growth.

Why Long Term?

The multi-year nature of the contract ensures sustained revenue, similar to past defense contracts that provided long-term stability for similar firms.

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LMTNOCRTX
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)---- $SIDU #AerospaceManufacturing--Sidus Space (NASDAQ: SIDU), (the “Company” or “Sidus”), an innovative space and defense technology company, today announced it has been awarded a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract under the Tobyhanna Army Depot (TYAD) Industrial Multiple Award Task Order Contract (MATOC) program. This award enables Sidus Space to provide fabrication and on-call services for critical components used in TYAD's operations, including: Electrical.

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