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Sidus Space (NASDAQ: SIDU), (the "Company" or "Sidus"), an innovative space and defense technology company, today announced it has been awarded a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract under the Tobyhanna Army Depot (TYAD) Industrial Multiple Award Task Order Contract (MATOC) program.
This award enables Sidus Space to provide fabrication and on-call services for critical components used in TYAD's operations, including:
The IDIQ contract carries a ceiling value of $21 million over five years with individual Task Orders capped at $750,000. The contract enables TYAD to leverage surge contracting to manage workload fluctuations driven by funding timelines, staffing constraints, and supply chain challenges. Task Orders will be issued competitively and evaluated based on Price, Past Performance, and Delivery Schedule, with awards made on a Best Value/Trade-off basis.
Posted In: SIDU
