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materiality 0.60
Firsthand portfolio company Hera Systems wins U.S. Space Force Tetra-5 contract up to $44.5M
Firsthand Technology Value Fund, Inc.
- Hera Systems, a holding since 2015, selected to provide spacecraft and software for Tetra-5 program.
- Contract awarded to Orion Space Solutions; Hera Systems is key subcontractor.
- Tetra-5 will demonstrate inspection, docking, and autonomous collaboration for on-orbit refueling in GEO.
- Maximum contract value if all options exercised is $44.5 million.
- Fund (Nasdaq: SVVC) announced the news via press release on August 26, 2022.