Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 80

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 80
---
 Transporter 10 mission. This license includes approval for orbital operations utilizing the previously approved ITU S-band and X-band
frequencies and ground station coverage. We also received FCC Part 25 license approval for the LizzieSat® satellite constellation
missions two through five in October of 2024. The National Oceanic and Atmospheric Administration (NOAA), an agency of the U.S. Department
of Commerce, granted a Tier 1 license authorizing Sidus to operate LizzieSat, a private remote-sensing space system in 2024.

We
currently have several satellites in production and expect to launch four to six more LizzieSat® satellites ranging from 100kg to
400kg over the next 24 months. In addition, we expect to begin building satellites for other customers including lunar missions.

34

Any
delays in commencing our commercial launch operations, including delays or cost overruns in obtaining NOAA licenses or other regulatory
approvals for future operations or frequency requirements, could adversely impact our results and growth plans. The exact timing of launches
is contingent on several factors, including satisfactory and timely completion of assembly, integrating and testing of the satellites,
regulatory approvals, confirmation of the launch slot timing by the launch provider, logistics, weather conditions, and other factors,
many of which are beyond our control.

Growing
and expanding our experienced space hardware operations

We
are seeking to grow our space and defense hardware operations, with a goal of expanding from one shift to two and a half shifts and increasing
our customer base in the future. Additionally, we are specifically targeting growth in our avionics and wire harness division to meet
the needs of the commercial and government space industry. With current customers in the space, marine, and defense industries, our contract
revenue is stable, and we are in active discussions with numerous potential customers, including government agencies, large defense contractors
and private companies, to add to our contracted revenue. In the past decade, we have fabricated ground and flight products for the NASA
SLS Rocket and Mobile Launcher as well as other commercial space and satellite companies. We have supported customers such as Boeing,
Lockheed Martin, Northrop Grumman, Dynetics/Leidos, Blue Origin, United Launch Alliance, Collins Aerospace, L3Harris, OneWeb and Space
Systems Loral/Maxar. We have manufactured various products including fluid, hydraulic and pneumatic systems, electrical control systems,
cable harnesses, hardware lifting frames, umbilical plates,