Momentus Faces Leadership Change with Chief Legal Officer Paul Ney's Departure

Momentus Faces Transition with Departure of Chief Legal Officer

Momentus Inc., a U.S. commercial space company, announces the resignation of Chief Legal Officer and Corporate Secretary Paul Ney, effective January 27, 2025. Ney, who joined Momentus in September 2021 after serving as General Counsel for the U.S. Department of Defense, is set to take a new role as Deputy Counsel to the President for National Security Affairs in the Trump Administration. His extensive legal career spans nearly four decades, including significant positions such as Principal Deputy General Counsel for the U.S. Navy and Chief Deputy Attorney General for Tennessee. Ney's departure comes at a time when Momentus is positioning itself as a leader in the burgeoning commercial space sector, specializing in satellite buses and in-space transportation services.

During his tenure at Momentus, Ney has played a crucial role in navigating complex legal matters, notably overseeing the implementation of a Committee on Foreign Investment in the U.S. (CFIUS) National Security Agreement. This achievement underscores Ney's ability to address the intricate legal landscape surrounding national security concerns in space operations. CEO John Rood commended Ney for his exceptional legal guidance, which has been instrumental in the company's transition to a publicly traded firm. Ney expressed pride in the strides Momentus has made in both the commercial market and government contracts, indicating a strong foundation for sustained growth.

As Momentus prepares for Ney’s departure, the company emphasizes its commitment to providing in-space infrastructure services, such as hosted payloads and other in-orbit capabilities. The search for Ney's successor is underway, marking a pivotal moment for Momentus as it aims to enhance its operational and legal framework. With a dynamic landscape in the space industry, the company is poised for continued growth and innovation, leveraging its expertise and strategic partnerships to expand its offerings in the commercial space arena.

In addition to Ney's resignation, Momentus is expected to file its Form 10-K and other regulatory documents in the near future, signaling ongoing compliance and financial reporting efforts. This move highlights the company's dedication to transparency and regulatory adherence as it navigates the complexities of the evolving space industry. As Momentus looks to the future, it remains focused on solidifying its position as a key player in the commercial space sector while adapting to the challenges and opportunities ahead.