Small space tech company’s shares skyrocket on Trump Golden Dome contract
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Euronews.com
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Shares of Sidus Space surged by 200% after being awarded a contract under the US Missile Defense Agency’s SHIELD programme, part of a $151 billion initiative. The company's stock rose from $0.74 to over $2.20 in December, reflecting investor optimism about future opportunities. The SHIELD programme aims to enhance missile defense capabilities across various domains. Sidus's contract is an IDIQ, allowing it to compete for future task orders. The stock surge is also influenced by broader strength in the defense sector amid geopolitical tensions. Teljes cikk (Euronews.com)