Sup,
I’m new here and have been playing for few days now. I have some questions about contracts.
I’m want to play for Federation (got Lynx-M) and kinda liked it. And now the question- which contracts will give me best benefits?
Got loyality lvl 2 for armada, what to choose next?
Thanks for all the answers 
Loyalty unlocks blue Mk.III modules
Go to warehouse and look at modules you like to get blues for. There should be red faction icons on them. Hover your mouse will tell you which sub-faction you will need to level up to get them.
you probably want to take advantage of all three races and all 6 factions at some point.
maybe focus on one or two faction and just $ bite the bullet to change between them.
so decide which race you like, get it to Level 6 to unlock the blue items
then switch to a different faction and level it up to 6
do this till you have them all at rank 6
do not buy the middle grade stuff, just use green items when you get them and the cheapest equipment until you get to blue items
do not auto repair your ships, wait till they are low in the stat. It will turn Yellow. It doesn’t effect the ship in game
try out all the 3 ship types for each of the 3 platform of ships. they all have the paper rock scissors type of thought behind them