Sidus Space Inc (NASDAQ:SIDU) shares are surging Thursday on continued momentum after the company on Wednesday announced that it's part of the Collins Aerospace team, which was awarded NASA's Exploration Extravehicular Activity (xEVAS) services contract.
The xEVAS contract has a potential value of $3.5 billion through 2034 with a 10-year base contract plus two additional option years. NASA awarded the contract to Collins Aerospace and Axiom Space. Sidus Space will serve as a "major subcontractor" to Collins during the period of performance of the NASA xEVAS contract and other contracts with independent commercial entities.
