Momentus Inc. (“Momentus” or the “Company”), a U.S. commercial space company that hopes to offer transportation and other in-space infrastructure services, today announced that it got a draft National Security Agreement (NSA) from the Committee on Foreign Investment in the United States (CFIUS). The draft NSA decides CFIUS’s proposed essentials to decide its national security concerns about the new ownership and control of Momentus. Getting the draft NSA is a huge accomplishment toward beating a focal inquiry that has conceded fulfillment of Momentus’ proposed merger with Stable Road Acquisition Corp.
Momentus Receives Draft National Security Agreement
Momentus hopes to be a trusted partner to the U.S. government and has taken a fast action considering government concerns. The Company gained the resignation of its great ally and past CEO and executed trust and voting plans to ensure that the segments of its kindred sponsors should be voted by U.S. citizens. The Company intentionally appealed to for CFIUS study to engage CFIUS and its part agencies to research any records of Momentus, and proactively proposed a U.S. national security mitigation plan expected to decide the national security concerns that CFIUS and its part agencies have raised.
“The receipt of the draft NSA follows three months of expansive work by the Momentus and SRAC teams,” said Momentus President Dr. Fred Kennedy. “The course of action will develop the mitigation plan that we conferred to the Department of Defense and other CFIUS part agencies back in February. Notwithstanding the way that there is no certification that the social affairs will concur on the last balance of the NSA, if and once closed, the NSA will file Momentus’ duties to execute controls to ensure that the national security concerns depicted by the U.S. government as an element of the CFIUS collaboration are settled.”
Further interagency reviews will regardless be expected to obtain required governmental approvals for Momentus’ planned missions. “We will endeavor to settle the NSA as quick as could be anticipated,” said Kennedy. “Once settled and executed, we believe the NSA will allow the Federal Aviation Administration to reconsider Momentus’ payload application so we may proceed with planning for our introduction flight, which we want to embrace not long from now. We’re restless to begin finishing the assurance of our orbit-transfer and other in-space infrastructure services, and we are centered around working with the directing agencies who are partners in this effort.”