Momentus wins NASA contract to study launch of robotic technologies into space

* Momentus (NASDAQ:MNTS [https://seekingalpha.com/symbol/MNTS]) shares rallied over 52% premarket on Wednesday after the commercial space company announced a contract by NASA to perform a study to fly critical foundational robotics technologies into space.
* The contract [https://seekingalpha.com/pr/20199317-momentus-secures-nasa-contract-to-study-the-launch-of-robotic-technologies-for-future-space], awarded under NASA’s Flight Opportunities program managed by the agency’s Space Technology Mission Directorate, tasked Momentus to conduct a terrestrial study that explored options to fly advanced robotic systems in space aboard one of its upcoming orbital service vehicle flights.
* Momentus has subsequently completed work under this initial contract and expects to submit a proposal to NASA to fly a follow-on mission that would demonstrate this technology in space.
* NASA plans to award a contract in September and Momentus is one of two companies under evaluation for this larger contract for the follow-on mission planned by NASA.

MORE ON MOMENTUS

* Momentus wins contract to advance autonomous in-space operations [https://seekingalpha.com/news/4463653-momentus-wins-contract-to-advance-autonomous-in-space-operations]
* Financial information for Momentus [https://seekingalpha.com/symbol/MNTS/income-statement]