Air Products Wins More than $140 Million in NASA Contracts to Supply Liquid Hydrogen to the Kennedy Space Center, Cape Canaveral Space Force Station and Other NASA Facilities

Air Products (NYSE:APD) was awarded supply contracts from NASA totaling more than $140 million to provide liquid hydrogen to multiple NASA sites.

Rhea-AI Summary

Air Products (NYSE:APD) was awarded supply contracts from NASA totaling more than $140 million to provide liquid hydrogen to multiple NASA sites.

Under the agreements, Air Products will deliver about 36.5 million pounds of liquid hydrogen to Kennedy Space Center, Cape Canaveral Space Force Station, Marshall Space Flight Center and Stennis Space Center, building on a relationship that began in 1957.

Positive

• Contracts >$140M for liquid hydrogen supply
• 36.5 million pounds of liquid hydrogen committed
• Multi-site supply covering KSC, Cape Canaveral, Marshall, Stennis
• Operational track record with NASA since 1957
• Completed world9s largest hydrogen sphere fill (over 730,000 gallons delivered)

Negative

• None.

Argus Jan 28 session

-1.25% close to close Open Argus

Details

News Market Reaction – APD

On Jan 28, the day this news came out, APD closed 1.25% below the previous close.

Data tracked by StockTitan Argus for the Jan 28 session.

Key Figures

NASA contract value: more than $140 million Liquid hydrogen volume: 36.5 million pounds Hydrogen trailer loads: over 50 trailer loads +5 more

NASA contract value

more than $140 million

Total liquid hydrogen supply contracts for multiple NASA facilities

Liquid hydrogen volume

36.5 million pounds

To be supplied under new NASA contract to multiple centers

Hydrogen trailer loads

over 50 trailer loads

Deliveries for first fill of NASA’s hydrogen sphere in 2025

Hydrogen volume delivered

over 730,000 gallons

Liquid hydrogen delivered to fill NASA’s new sphere

Hydrogen sphere height

90 feet

Height of NASA’s world’s largest liquid hydrogen tank

Hydrogen sphere diameter

83 feet

Diameter of NASA’s world’s largest liquid hydrogen tank

Vanguard ownership

22,304,217 shares (10.02%)

Beneficial ownership per Schedule 13G/A as of Dec 31, 2025

Market capitalization

$58,457,047,486

Pre-news market cap from provided context

Historical Context

5 past events · Latest: Jan 14

5 events

1. Jan 14

   Earnings call notice

   24h Move

   +0.4%

   Announcement of fiscal Q1 2026 earnings teleconference and access details.

2. Dec 08

   Investor teleconference

   24h Move

   -9.4%

   Teleconference to discuss low‑emission ammonia partnership negotiations with Yara.

3. Dec 08

   Ammonia projects deal

   24h Move

   -9.4%

   Advanced negotiations with Yara on large low‑emission ammonia projects in Louisiana and NEOM.

4. Nov 25

   Board change

   24h Move

   +0.0%

   Director Lisa Davis elects not to stand for re‑election and to retire from board.

5. Nov 25

   Conference appearance

   24h Move

   +0.9%

   CEO and CFO scheduled to speak at Citi's Basic Materials Conference.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

liquid hydrogen, industrial gases

2 terms

liquid hydrogen technical

"contracts from NASA totaling more than $140 million to provide liquid hydrogen for several NASA facilities"

Liquid hydrogen is hydrogen gas cooled to extremely low temperatures so it becomes a dense, cold liquid for storage and transport; think of it as freezing a gas into a compact, highly energy-rich fuel that needs insulated tanks like a thermos. Investors care because it can serve as a clean energy or industrial feedstock with high energy-per-weight but also brings costly handling, storage and infrastructure requirements that affect project economics, safety risk and regulatory approval.

industrial gases technical

"supplying the critical industrial gases needed from the initial Apollo 11 moon landing"

Industrial gases are commercially produced gases—like oxygen, nitrogen, hydrogen and others—used as essential raw materials or utilities in manufacturing, healthcare, energy and food processing. Think of them as the invisible supplies factories and hospitals rely on (like water or electricity): their availability, pricing and safety rules directly affect company costs, production uptime and long-term contracts, making them a meaningful factor for investors assessing operational risk and steady revenue.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LEHIGH VALLEY, Pa., Jan. 28, 2026 /PRNewswire/ -- Air Products (NYSE:APD), the world's leading supplier of hydrogen, today announced that it was recently awarded supply contracts from the National Aeronautics and Space Administration (NASA) totaling more than $140 million to provide liquid hydrogen for several NASA facilities including the world's largest hydrogen sphere at NASA's Kennedy Space Center, the Cape Canaveral Space Force Station and other NASA locations.

"'From the inception of the United States (U.S.) space program, Air Products has supported NASA's mission by supplying the critical industrial gases needed from the initial Apollo 11 moon landing to the upcoming Artemis II moon mission," said Francesco Maione, Air Products' President, Americas. "For decades, Air Products has consistently demonstrated our ability to supply world-scale levels of liquid hydrogen and other industrial gases safely and reliably through our robust supply chain. We're proud to play a role in helping NASA confidently continue its important work."

Under the new contract, Air Products will supply about 36.5 million pounds of liquid hydrogen to NASA for the Kennedy Space Center and Cape Canaveral Space Force Station in Florida; NASA's Marshall Space Flight Center in Huntsville, Alabama; and NASA's Stennis Space Center in Bay St. Louis, Mississippi.

Air Products' working relationship with NASA began in 1957. It has included supplying NASA with liquid hydrogen and other industrial gases to advance the U.S. Space Program including Apollo, the Space Shuttle, and Orion. In addition to supplying industrial gases for space launches, Air Products also has had a long-term relationship with NASA's engine testing program at Stennis Space Center in Mississippi, Johnson Space Center in Texas, as well as Marshall Space Flight Center in Alabama.

In 2025, Air Products completed the first fill of the world's largest hydrogen sphere at the Kennedy Space Center. To complete the fill, Air Products delivered over 50 trailer loads of liquid hydrogen - over 730,000 gallons in all - to NASA's new sphere. The NASA hydrogen sphere is the world's largest liquid hydrogen tank, measuring 90 feet tall and 83 feet in diameter.

Astronautic applications are a key business for Air Products, and the Company is also heavily involved in supporting the increasing number of privatized space launches and missions of several independent companies, with gases needed to manufacture rockets and satellites, conduct testing, and significant volumes for launches.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedIn, X, Facebook or Instagram.

Cautionary Note Regarding Forward-Looking Statements

This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

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SOURCE Air Products

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is the NASA liquid hydrogen contract worth for Air Products (NYSE:APD)?

Air Products won supply contracts totaling more than $140 million for NASA liquid hydrogen supply. According to the company, the agreements cover multiple NASA facilities and represent a sizable, multi-site award for hydrogen logistics and delivery.

What volume of liquid hydrogen will Air Products (APD) supply to NASA under the new contracts?

Air Products will supply about 36.5 million pounds of liquid hydrogen to NASA facilities. According to the company, deliveries will serve Kennedy Space Center, Cape Canaveral, Marshall Space Flight Center and Stennis Space Center.

Which NASA facilities will receive liquid hydrogen from Air Products (NYSE:APD)?

The contracts cover Kennedy Space Center, Cape Canaveral Space Force Station, Marshall Space Flight Center and Stennis Space Center. According to the company, those sites will receive scheduled liquid hydrogen deliveries under the award.

What is the significance of the Kennedy Space Center hydrogen sphere fill by Air Products (APD)?

Air Products completed the first fill of the world9s largest hydrogen sphere, delivering over 730,000 gallons of liquid hydrogen. According to the company, the effort demonstrated large-scale delivery capability for astronautic applications.

How does the NASA award relate to Air Products9 experience in astronautic gas supply (APD)?

The award extends a relationship with NASA that began in 1957 and spans Apollo, Shuttle and Orion programs. According to the company, decades of supplying industrial gases support its astronautics and launch services business.