Received verbal notification of a $2MM award for development and acquisition of StratoDrop variants

Through an organization in Special Forces, In Orbit has been notified of an incoming award within the next 60-days. The focus is to develop larger variants of our StratoDrop systems with modular payloads. Approximately 60% of the $2MM award is for R&D on the systems with the other 40% on initial batch production.\r\n\r\nThis work will provide a major acceleration in our capabilities. It not only increases our payload capacity by an order of magnitude, but expands the mission sets and capabilities through accommodating modular payloads.\r\n\r\nIn Orbit will leverage this contract for sole source awards and expanding the pool of customers beyond those interested in cargo delivery.