- Space & Technology Solutions, the DBA for Space Networks Solutions LLC, a joint venture led by Intuitive Machines Inc (NASDAQ:LUNR) with KBR, Inc. (NYSE:KBR), has secured a contract from the National Aeronautics and Space Administration (NASA).
- The single-award contract has a five-year base performance period and a maximum ordering value of $719 million.
- The cost-plus-fixed-fee indefinite-delivery, indefinite-quantity contract is meant to support work related to the Joint Polar Satellite System, NASA’s Exploration and In-space Services.
- “This win is of strategic importance, allowing Intuitive Machines to support NASA in designing, developing, and demonstrating critical technology required to support the emerging orbital servicing market, and a validation of the Company’s experience in spacecraft development, autonomous systems, and near-space communications,” said Intuitive Machines CEO Steve Altemus.
- Price Action: LUNR shares are trading higher by 18.27% at $12.30 in premarket on the last check Wednesday.
Related Posts
Inquiry Into Tesla’s Competitor Dynamics In Automobiles Industry
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry…
How Many Bitcoins Would You Need To Make You As Rich As Elon Musk Today?
Elon Musk, widely recognized as the richest person in the world, holds a prominent position as the CEO of Tesla and SpaceX.
Structure Therapeutics Reports Q4 And FY22 Financial Results And Recent Highlights; Cash Position: Cash, Cash Equivalents And Marketable Securities Totaled $90.8M
Completed dosing of Phase 1b study of oral GLP-1 agonist GSBR-1290
Topline data from Phase 1b and Phase 2a studies of GSBR-1290 expected in 2H 2023
Completed $185.3 million upsized initial public