From Earth to Orbit. From Orbit to Operator. $ASTS is Golden Dome. 🛰️🌎⚡️

$ASTS - “Reality & Opportunity” 🧵3/3 🚨Bottom Line🚨 If SDA treats Tranche 3 as a capability expansion - not just a scale up - ASTS deserves a Prime seat at the table. ⚠️ “Tranche 3 will build upon T1&2 by expanding the network to provide enhanced capability and resiliency

$ASTS - “PSWA Scope of Work” 🧵2/3 SOW: ⚠️ “Offerors shall demonstrate recent and relevant experience delivering proliferated transport layer spacecraft of similar size, complexity and mission scope within last 5 years” ⚠️ “Offerors shall demonstrate successful flight heritage

$ASTS - “PWSA Tranche 3: Prime or Sub” 🧵1/3 🚨🚨If ASTS is the only company that can provide D2D + PNT, why can’t they be a Prime?🚨🚨 SDA’s PWSA Tranche 3 adds entirely new capabilities: 🛰️D2D 🧭PNT 📡Commercial LEO integration ⚠️the solicitation’s scoring criteria still

$ASTS - “PWSA Tranche 3 Timeline 🧵4/4 🚨award imminent ⚠️from solicitation document

$ASTS - “Legacy Problem” 🧵3/4 The Five Core Pillars: 🛰️LEO Transport Layer 🧭PNT Augmentation 📡Direct-to-Device 🔗Crosslink & Gateway Integration 🏭Vertically Integrated Production Legacy primes (LMT, NOC, LHX) can handle the bus & integration work - but CANNOT deliver LEO

$ASTS - “Why ASTS Fits PWSA T3” 🧵2/4 Highlights👇🏽 1️⃣LEO Transport Layer ▫️operates LEO coverage now with BW3 and Block 1 ⚠️ “proliferated LEO transport layer providing resilient, low-latency connectivity for the warfighter” 2️⃣PNT Augmentation ▫️need for enhanced timing and

$ASTS - PWSA Tranche 3 Award 🧵1/4 🚨🚨Speculative🚨🚨 SDA’s T3 scope includes all core strengths: 🛰️LEO communication 🧭PNT augmentation 📡Direct-to-Device Connectivity 🔗Crosslink & Gateway Integration 🏭Vertically Integrated Production ▫️Lockheed, Northrop & York hold

$ASTS - “What is Best Value” Golden Dome Best Value: ▫️the highest confidence of mission success at a “fair and reasonable” price ⚠️NOT the cheapest cost 1️⃣Technical Acceptance: Fail to baseline; you’re out. Must meet minimum technical requirements. “Unacceptable” =

$ASTS - “How to Get an Award?” Golden Dome USG has their “outs” but Contractors have their “ins”: ⚠️What you can control in an acquisition to put your best foot forward👇🏽 1️⃣Compliance: Follow the RFP exactly. Deviations or missed requirements = disqualification

$ASTS - “USG is Slow, not Stupid” Golden Dome Safeguards to Stay in Control👇🏽 1️⃣Reject or Cancel: CO can reject or cancel RFP at anytime w/zero liability 2️⃣No Exceptions Accepted: Redlines, assumptions or exceptions are void and “carry no force or effect” 3️⃣Award w/o

$ASTS - “Full Throttle Forward” Golden Dome ⚠️SHIELD is a flag-level, high-visibility, special-interest acquisition that’s mission critical and publicly backed by the President. When leadership is 👀 - timelines compress. ▫️flag-level: General officer, SES oversight

$ASTS - “Protest” Golden Dome MDA can override for national defense urgency ⚠️FAR 33.104(c)(2) “If performance of contract is in the best interest of USG or urgent and coming circumstances affect the interests of USG, agency may authorize contract performance notwithstanding

$ASTS - “So How Long?” Golden Dome ⚠️Large, multi-award IDIQ ⚠️lots of interest/vendors 1️⃣Evaluation Window 90-150 days 2️⃣Internal Review & Legal 30 days 3️⃣Award & Protest 5-10 days ✅120-180 days

$ASTS - “What Happens After Offerors Submit Responses?” Golden Dome: ⚠️FAR Part 15 1️⃣ Receipt & Compliance: Logged and timestamped Late or incomplete = rejection 2️⃣ Technical Evaluation: Rated Acceptable / Unacceptable Only compliant, responsible offerors advance 3️⃣

$ASTS - “Undisclosed” 🤔🤔🤔🤔

$ASTS – “Domino Effect” United States Government 🇺🇸: ➡️Subcontractor➡️Teammate➡️Prime ▫️Once you’re in, you’re in” 🚪1: DoD – BW3 Space-Based Network (via prime | 💰 Undisclosed) 🚪2: SDA – HALO Prime Eligibility (prime | 💰 Undisclosed) 🚪3: SDA – Block-2 Contract (sub

$ASTS - SATCOM

$ASTS - ⚠️Share Disclosure 🔹Comparable multi-award IDIQs, the top 3-4 primes command 60-70% of task order volume. 🔺SDA Tranche 1 Transport Layer: ▪️Lockheed Martin $700M, 39% ▪️Northrop Grumman $692M, 38% ▪️York Space Systems $382M, 21% 🔸126 prototype satellites totaling

$ASTS - ⚠️Comms Disclosure: 🔹GAO & DoW data show C2BMC systems typically make up ~15-25% of layered-defense budgets. 🔺In MDA’s FY23, the C2BMC line was $1.7B / $9.7B or 18% 🔺In SDA Tranche 1 Transport Layer: comms transport nodes account for ~20% ▫️GAO’s “Missile

$ASTS - 🚨🚨“IMPORTANT: Power of 10 Theory; now FACT”🚨🚨 Golden Dome What is AST’s Piece of the Pie? 1️⃣Ceiling: $151 B 2️⃣Comms: 15-25% ⚠️high deg of confidence ⚠️see disclosure👇🏽 3️⃣Share: 1-3% ⚠️conservative ⚠️see disclosure👇🏽👇🏽 🍰🎂 = $300M - $1B ✅Program of Record