What's Going On With Momentus Shares Tuesday?

Momentus Inc (NASDAQ:MNTS) shares are trading higher Tuesday after the company announced the U.S. Air Force Research Labs accepted one of its proposals.

What Happened: Momentus announced that its proposal to perform an in-space demonstration flight of a new, low-cost suite of multispectral sensors for Rendezvous and Proximity Operations was accepted by the U.S. Air Force Research Labs AFWERX organization.

AFWERX is the innovation arm of the U.S. Air Force under the Air Force Research Laboratory. Momentus submitted a proposal under the AFWERX Challenge in 2024 and was recently ...

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