AST SpaceMobile Bags SHIELD Contract As Part Of Broader Golden Dome Project: ASTS Stock Soars Pre-Market

• The company has been selected as a prime contract awardee, allowing the company to compete for a wide range of orders in the future.
• This includes research, development, engineering, prototyping, and operations of critical Missile Defense Agency systems that support U.S. national security objectives.
• AST SpaceMobile is a Midland, Texas-based company that is currently building a space-based cellular broadband network that can be accessed by current smartphones.

AST SpaceMobile Inc. (ASTS) on Friday announced that it has awarded a contract for the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) program.

The indefinite-delivery/indefinite-quantity (IDIQ) contract covers a broad range of work areas, including the delivery of new capabilities to the warfighter.

AST SpaceMobile shares were up more than 17% in Friday’s opening trade. Retail sentiment on Stocktwits around the company was in the ‘bullish’ territory, with the stock being the second most trending ticker on the platform at the time of writing.

Details Of The Contract

AST SpaceMobile has been selected as a prime contract awardee, allowing the company to compete for a wide range of orders in the future. This includes research, development, engineering, prototyping, and operations of critical Missile Defense Agency systems that support U.S. national security objectives.

“Being selected as a prime contract awardee for the MDA’s SHIELD program is a major validation of our unique, on-orbit, dual-use technology and our growing capabilities within the defense sector,” said Chris Ivory, Chief Commercial Officer and Head of Government Business of AST SpaceMobile.

Ivory added that the company’s low-Earth orbit (LEO) satellite architecture is inherently scalable, and that this SHIELD contract allows AST SpaceMobile to directly bid on future task orders.

He added that this will allow the company to quickly align its technology with the needs of the Department of War, also known as the Department of Defense, and other U.S. government entities.

What Does AST SpaceMobile Do?

AST SpaceMobile is a Midland, Texas-based company that is currently building a space-based cellular broadband network that can be accessed by current smartphones.

The company’s BlueBird satellites are made up of thousands of antennas, which deliver 4G and 5G broadband directly to smartphones. It has partnered with 50 mobile network operators around the world to make the switch between ground-based towers and space-based satellites seamless.

ASTS stock is up 39% year-to-date and 370% over the past 12 months.

Also See: VST, CEG, TLN Stocks Rise Pre-Market On Trump-Backed Push For Long-Term AI Power Contracts

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