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AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ:ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced a new contract award from a prime contractor working with the United States Government.
"We are thrilled to announce this initiative with the United States Government," said Chris Ivory, Chief Commercial Officer and Head of Government Business of AST SpaceMobile. "We believe our patented technology, leveraging our large phased array antenna technology in space, creates opportunities for new mission-critical capabilities in the government sector. We are creating new robust and resilient communications solutions while also facilitating new use cases."
AST SpaceMobile was awarded a revenue-generating contract to perform certain tasks on the company's space-based network in low Earth orbit. This initial firm-fixed-priced contract, for an undisclosed amount, will be supported by the company's BlueWalker 3 satellite in orbit today, as well as its next five commercial satellites. Revenue-generating contracts like this mark a significant milestone in AST SpaceMobile's growth trajectory and highlight the versatile, dual-use capabilities of its technology.
Posted In: ASTS
