Momentus receives $1.2M milestone payment for DARPA contract execution

Momentus (MNTS) has been executing Phase 3 of a contract from a U.S. Department of Defense organization, the Defense Advanced Research Projects Agency to conduct an on-orbit demonstration of the assembly of large-scale structures. The mission will launch on an upcoming SpaceX Transporter rideshare mission scheduled for launch no earlier than February 2026. Momentus recently completed several contract milestones, including the Preliminary Design Review phase, of the DARPA Novel Orbital and Moon Manufacturing, Materials, and Mass-efficient Design program and has received about $1.2M in milestone payments since March 2025. Momentus is under contract to provide full-service support to the DARPA NOM4D program, including arranging launch services, payload integration, and on-orbit hosting of the payload for a complex in-space assembly mission. The in-space assembly will be conducted on the Momentus Vigoride Orbital Service Vehicle. The purpose of this effort is to validate the functionality, performance, and reliability of the in-space assembly payload in the LEO space environment. Momentus was awarded the initial NOM4D contract in April 2024 and work under the current phase of the contract is scheduled to continue through June.