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Momentus Receives HALO Prototype Order Contract from SDA

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Momentus (NASDAQ: MNTS) has been awarded a contract from the U.S. Defense Department's Space Development Agency (SDA) for the Hybrid Acquisition for Proliferated LEO (HALO) program. The program aims to deploy hundreds of satellites in low-Earth orbit, with Momentus being one of 19 vendors selected. The HALO program will enable rapid prototyping and spaceflight demonstrations, with prototype orders expected to launch 12-18 months after award. Momentus will leverage its Vigoride satellite bus for these missions, which is designed to accommodate diverse payloads and conduct complex operations from their San Jose mission control center.

Momentus (NASDAQ: MNTS) ha ricevuto un contratto dall'Agenzia per lo sviluppo spaziale (SDA) del Dipartimento della Difesa degli Stati Uniti per il programma Hybrid Acquisition for Proliferated LEO (HALO). L'obiettivo del programma 猫 quello di lanciare centinaia di satelliti in orbita terrestre bassa, con Momentus selezionata come una delle 19 aziende fornitrici. Il programma HALO consentir脿 la prototipazione rapida e dimostrazioni di volo spaziale, con gli ordini dei prototipi previsti per il lancio 12-18 mesi dopo l'assegnazione. Momentus utilizzer脿 il suo satellite bus Vigoride per queste missioni, progettato per accogliere carichi utili diversificati e condurre operazioni complesse dal loro centro di controllo missione di San Jose.

Momentus (NASDAQ: MNTS) ha sido adjudicada un contrato por parte de la Agencia de Desarrollo Espacial (SDA) del Departamento de Defensa de EE. UU. para el programa de Adquisici贸n H铆brida para LEO Proliferado (HALO). El programa tiene como objetivo desplegar cientos de sat茅lites en 贸rbita terrestre baja, siendo Momentus uno de los 19 proveedores seleccionados. El programa HALO permitir谩 la creaci贸n r谩pida de prototipos y demostraciones de vuelo espacial, con pedidos de prototipos que se espera se lancen entre 12 y 18 meses despu茅s de la adjudicaci贸n. Momentus aprovechar谩 su bus satelital Vigoride para estas misiones, dise帽ado para acomodar cargas 煤tiles diversas y realizar operaciones complejas desde su centro de control de misi贸n en San Jos茅.

Momentus (NASDAQ: MNTS)電 氙戈淡 甑癌攵鞚 鞖办< 臧滊皽 旮瓣磤(SDA)搿滊秬韯 鞝歆甑 甓る弰鞐愳劀鞚 頃橃澊敫岆Μ霌 臁半嫭 頂勲攴鸽灗(HALO)鞐 雽頃 瓿勳暯鞚 靾橃<頄堨姷雼堧嫟. 鞚 頂勲攴鸽灗鞚 靾橂氨 臧滌潣 鞙勳劚鞚 鞝歆甑 甓る弰鞐 氚办箻頃橂姅 瓴冹潉 氇╉憸搿 頃橂┌, Momentus電 靹犾爼霅 19臧 瓿店笁鞐呾泊 欷 頃橂倶鞛呺媹雼. HALO 頂勲攴鸽灗鞚 鞁犾啀頃 頂勲韱犿儉鞛 鞝滌瀾瓿 鞖办< 牍勴枆 鞁滌棸鞚 臧電ロ晿瓴 頃橂┌, 頂勲韱犿儉鞛 欤茧鞚 瓿勳暯 頉 12-18臧滌洈 鞚措偞鞐 於滌嫓霅 瓴冹溂搿 鞓堨儊霅╇媹雼. Momentus電 鞚措煬頃 鞛勲毳 鞙勴暣 雼れ枒頃 鞙犾澑氍检泊毳 靾橃毄頃橁碃 氤奠灐頃 鞛戩梾鞚 靾橅枆頃橂弰搿 靹り硠霅 Vigoride 鞙勳劚 氩勳姢毳 頇滌毄頃 瓴冹瀰雼堧嫟. 鞚 鞛戩梾鞚 攴鸽摛鞚 靸岉樃靹 氙胳厴 鞝滌柎 靹柬劙鞐愳劀 歆勴枆霅╇媹雼.

Momentus (NASDAQ: MNTS) a obtenu un contrat de l'Agence de d茅veloppement spatial (SDA) du minist猫re de la D茅fense des 脡tats-Unis pour le programme d'acquisition hybride pour LEO prolif茅r茅 (HALO). Le programme vise 脿 d茅ployer des centaines de satellites en orbite terrestre basse, Momentus 茅tant l'un des 19 fournisseurs s茅lectionn茅s. Le programme HALO permettra le prototypage rapide et des d茅monstrations de vol spatial, avec des commandes de prototypes pr茅vues pour 锚tre lanc茅es 12 脿 18 mois apr猫s l'attribution. Momentus tirera parti de son bus satellite Vigoride pour ces missions, qui est con莽u pour accueillir des charges utiles diverses et mener des op茅rations complexes depuis leur centre de contr么le de mission 脿 San Jos茅.

Momentus (NASDAQ: MNTS) erhielt einen Vertrag von der Raumfahrtentwicklungsagentur (SDA) des US-Verteidigungsministeriums f眉r das Hybridverfahrensprogramm f眉r proliferierte LEOs (HALO). Ziel des Programms ist es, Hunderte von Satelliten in einer niedrigen Erdumlaufbahn einzusetzen, wobei Momentus eines der 19 ausgew盲hlten Anbieter ist. Das HALO-Programm erm枚glicht schnelle Prototypenentwicklung und Raumfahrt-Demonstrationen, wobei mit der Lieferung von Prototypen 12-18 Monate nach der Vergabe gerechnet wird. Momentus wird f眉r diese Missionen den Vigoride-Satellitenbus nutzen, der f眉r die Aufnahme verschiedener Nutzlasten und die Durchf眉hrung komplexer Operationen aus ihrem Mission Control Center in San Jose ausgelegt ist.

Positive
  • Selected as one of 19 vendors for the SDA HALO program
  • Access to compete for multiple prototype orders annually
  • Demonstrated capability with three successful Vigoride launches in one year
Negative
  • None.

Insights

This SDA contract award represents a significant strategic opportunity for Momentus, opening access to a potential multi-billion dollar defense market. The HALO program's scope of "several hundred satellites" indicates substantial revenue potential, though specific contract values aren't disclosed. The selection among just 19 vendors positions Momentus favorably for future prototype orders.

The company's Vigoride platform's proven track record with three successful launches strengthens its competitive position. The 12-18 month prototype deployment timeline aligns well with Momentus's demonstrated capabilities. However, investors should note that as a micro-cap company ($14M market cap), execution risks and capital requirements for defense contracts could be challenging.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Momentus Inc. (NASDAQ: MNTS) (鈥淢omentus鈥 or the 鈥淐ompany鈥), a U.S. commercial space company that offers satellite buses and technologies, transportation, and other in鈥憇pace infrastructure services, today announced that it has been awarded a contract from the U.S. Defense Department鈥檚 Space Development Agency (SDA) for the Hybrid Acquisition for Proliferated LEO (HALO) program.

SDA has been tasked with deploying a constellation of several hundred satellites in low-Earth orbit (LEO). The SDA HALO program is designed to solicit and award rapid, cost-effective prototyping and spaceflight demonstrations to demonstrate new technology to be added to the constellation in future tranches. 鈥淪DA is proud to welcome 19 vendors into the first-ever HALO pool,鈥 said SDA Director Derek Tournear. 鈥淭his creative award solution enables SDA to quickly compete, build, and fly demonstration missions to burn down risk for the future of the Proliferated Warfighter Space Architecture. We also hope, through the HALO pool, to build a broader base of vendors that can compete for work on operational layers of future tranches.鈥

Only vendors selected for the HALO program can bid on specific demonstration prototype orders, with multiple prototype orders expected to be initiated and awarded annually. HALO offers a flexible and fast contracting mechanism to compete for and award follow-on contracts.

Momentus is honored to be selected for HALO and looks forward to collaborating with the SDA on future demonstration missions and tranches. As a prime system integrator, Momentus has extensive experience working with various payload providers. The Momentus Vigoride bus is well-suited for these missions, designed to accommodate diverse payloads and conduct complex operations from our mission control center in San Jose, CA.

Prototype orders under HALO will focus on rapid, end-to-end mission demonstrations, aiming to launch 12-18 months after the award. These demonstrations must be conducted by a Non-traditional Defense Contractor like Momentus, acting as the prime contractor. As part of the program, Momentus and key personnel will support both classified and unclassified programs.

鈥淲e鈥檙e delighted by the opportunity to work with SDA to demonstrate key technologies that will help ensure our Nation鈥檚 safety and space superiority,鈥 said Momentus Chief Executive Officer John Rood. 鈥淰igoride鈥檚 flexibility, payload capacity, and power make it well-positioned to support a range of national security missions. With three launches in one year, Vigoride has proven it is ready to take on the most challenging missions.鈥

About Momentus Inc.

Momentus is a U.S. commercial space company that offers commercial satellite buses and in-space infrastructure services including in-space transportation, hosted payloads, and other in-orbit services.

Forward-Looking Statements

This press release contains certain statements which may constitute 鈥渇orward-looking statements鈥 for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected filing of the Company鈥檚 Form 10-K and Form 10-Q and its management team鈥檚 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 Momentus鈥 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 鈥淩isk Factors鈥 in the Annual Report on Form 10-K filed by the Company on June 6, 2024, as amended by that certain Annual Report on Form 10-K/A filed by the Company on September 16, 2024, as such factors may be updated from time to time in our other filings with the Commission, accessible on the Commission鈥檚 website at and the Investor Relations section of our website at investors.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.

Investors: investors@momentus.space

Media: press@momentus.space

Source: Momentus Inc.

FAQ

What is the HALO contract awarded to Momentus (MNTS) by SDA?

The HALO (Hybrid Acquisition for Proliferated LEO) contract allows Momentus to compete for prototype orders and demonstrate new technologies for SDA's constellation of satellites in low-Earth orbit.

How long will it take for MNTS to launch prototype orders under the HALO program?

Prototype orders under the HALO program are expected to launch within 12-18 months after the award.

How many vendors were selected for the SDA HALO program alongside Momentus (MNTS)?

The Space Development Agency (SDA) selected 19 vendors, including Momentus, for the first-ever HALO pool.

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Aerospace & Defense
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