MNTS - Momentus Experiencing High Volume

2024-03-05 05:16:12 ET

DENVER, Colo., Mar 05, 2024 ( 247marketnews.com )- Momentus Inc. (NASDAQ: MNTS ) is a San Jose based commercial space company that offers satellite buses, transportation, and other in-space infrastructure services.

Momentus is trading at $1.04, up $0.26 (+33.33%), on 2.36M shares.

Its last announcement was on February 1, when it was awarded a contract modification, from the Space Development Agency, to continue development of the Vigoride Orbital Service Vehicle for Department of Defense Mission Requirements.

At that time John Rood, Chief Executive Officer of Momentus, stated,”Vigoride’s flexibility, payload capacity, and power make it well-positioned to support a range of national security missions like space situational awareness, surveillance, reconnaissance, and other priorities.”

Rood concluded,”We’re pleased that the Space Development Agency has expanded this contract to make improvements to Vigoride, so it is tailored to support SDA and DoD’s growing needs and to meet the requirements of their national security missions.”

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