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NASA names Maxar to work on lunar gateway project; shares +20.5%

  • Maxar Technologies (NYSE:MAXR) has been selected by NASA for the first part of a renewed lunar program.
  • Shares have spiked 20.5% in response.
  • NASA Administrator Jim Bridenstine revealed the selection as part of ongoing remarks about the Artemis Moon program at the Florida Institute of Technology.
  • Maxar will work on the first segment (the power and propulsion element) of NASA's Gateway outpost.
  • That station will be the lunar orbiting staging point to send astronauts back to the moon's surface in five years -- and, Bridenstine says, to pave the way toward future Mars missions.
  • Updated: At 2:43 p.m. Maxar issued a release with details. shares were halted for a brief period; as of 3:09 p.m., they're up 19.9%.

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