By Chris Wack
AST SpaceMobile shares were 12% higher, at $29.37, after the company said it received a new contract award in support of the U.S. Space Development Agency through a prime contractor, with total expected revenue of $43 million.
The stock is now up 821% in the past 12 months.
The SDA is part of the U.S. Space Force, and works to deliver space-based capabilities to the joint warfighters to support terrestrial missions through development, fielding, and operation of the proliferated warfighter space architecture.
This contract follows successful testing on BlueWalker-3 in orbit under a previous contract announced in February 2024.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 26, 2025 11:15 ET (16:15 GMT)
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