NASA selects Maxar Technologies to help build lunar spaceship, and its shares rocket higher
Shares of Maxar Technologies Inc (NYSE:MAXR) rocketed by double-digits on Thursday after NASA selected the tech company to help build its Gateway platform in lunar orbit that will shuttle astronauts to the moon.
Maxar is NASA’s first contractor to be selected for the new lunar program that will establish an outpost starting in 2024 on the moon’s south pole — which is also a precursor to human missions to Mars.
The stock on Thursday closed up 28% to $8.85 a share on heavy volume. On Friday in pre-market trading, shares dipped 3% to $8.55, apparently on some profit-taking by investors.
The NASA contract amounts to $375 million, and Maxar will develop power, propulsion and communications components for the lunar mobile command and service module.
Nasa said the power and propulsion element is a 50-kilowatt solar electric propulsion spacecraft, three times more powerful than current technologies.
“Our power and propulsion element partnership enables NASA to leverage Maxar’s commercial capabilities to cost-effectively expedite plans for sustainable exploration of the Moon, while also providing significant benefits to American industry,” said CEO Dan Jablonsky.
Contact the author: [email protected]
Follow him on Twitter @PatrickMGraham
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/220940/nasa-selects-maxar-technologies-to-help-build-lunar-spaceship-and-its-shares-rocket-higher-220940.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).