Sidus Space Appoints Aerospace Executive Kelle Wendling to Board of Directors
Rhea-AI Summary
Sidus Space (NASDAQ: SIDU) announced the appointment of aerospace executive Kelle Wendling to its Board of Directors effective January 5, 2026. Wendling brings more than three decades of leadership in space systems, ISR, and government contracting, including senior roles at L3Harris and oversight of a business segment exceeding $1.5 billion in annual revenue.
The company also said Dana Kilborne and Cole Oliver concluded board service effective January 1, 2025, and Tiffany Norwood was named Chair of the Audit Committee. The appointment is intended to support Sidus' scaling of space and defense offerings and AI-enabled solutions.
Positive
- Board addition of Kelle Wendling with 30+ years aerospace experience
- Wendling led a business segment exceeding $1.5 billion in annual revenue
- Tiffany Norwood named Audit Committee Chair to support governance
Negative
- Two board members, Dana Kilborne and Cole Oliver, concluded service effective Jan 1, 2025
- Board turnover could create short-term continuity questions for investors
News Market Reaction – SIDU
On the day this news was published, SIDU declined 8.55%, reflecting a notable negative market reaction. Argus tracked a peak move of +11.2% during that session. Argus tracked a trough of -25.8% from its starting point during tracking. Our momentum scanner triggered 79 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $32M from the company's valuation, bringing the market cap to $339M at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Veteran Space and Defense Leader Brings Three Decades of Government Contracting, ISR,
and Space Systems Expertise to Sidus Board
Ms. Wendling previously served as President of the Space Systems Sector at L3Harris Technologies, where she led strategic growth initiatives, innovation programs, and mission-critical efforts supporting
Ms. Wendling currently serves on the Board of Trustees of the Florida Institute of Technology and holds both Bachelor's and Master's degrees in Mathematics and Computer Science from Florida Tech. She has also completed executive education programs at Northwestern University's Kellogg School of Management and the University of
"Kelle brings a strong understanding of the evolving requirements of government and defense customers, along with extensive experience leading organizations through strategic growth and technological advancement," said Carol Craig, Founder and Chief Executive Officer of Sidus Space. "Her leadership and perspective will be highly valuable as Sidus continues to scale its space and defense offerings, expand its AI-enabled solutions, and advance our mission of Space Access Reimagined."
The Company further announced that, for personal reasons, Dana Kilborne and Cole Oliver have elected to conclude their service on the Board effective January 1, 2025. In connection with these changes, Tiffany Norwood has been appointed Chair of the Audit Committee.
The Company extends its gratitude to Ms. Kilborne and Mr. Oliver for their dedicated service and valuable contributions during their tenure on the Board. "We sincerely thank Dana and Cole for their years of service, thoughtful guidance, and commitment to Sidus," said Craig. "Their contributions have played an important role in the Company's growth, and we wish them continued success in their future endeavors." Ms. Wendling's appointment is effective immediately.
About Sidus Space
Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space system and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled 'Risk Factors' in Sidus Space's Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Contacts:
Investor Relations
investor-relations@sidusspace.com
Media Inquiries
press@sidusspace.com
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SOURCE Sidus Space, Inc.
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