Intuitive Machines Bolsters Orbital Services Business Line With $719 Million NASA Award
April 18 2023 - 6:02PM
Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive
Machines” or the “Company”), today announced The National
Aeronautics and Space Administration (“NASA”) awarded Space &
Technology Solutions, the DBA for Space Networks Solutions LLC, a
joint venture led by Intuitive Machines with KBR (NYSE: KBR), a
cost-plus-fixed-fee indefinite-delivery, indefinite-quantity
contract meant to support work related to the Joint Polar Satellite
System, NASA’s Exploration and In-space Services. The single-award
contract has a five-year base performance period and a maximum
ordering value of $719 million.
“Humanity’s advancement into the solar system is built upon more
than a decade of innovation under NASA’s OMES contract, and
Intuitive Machines intends to continue that legacy,” said Steve
Altemus, Chief Executive Officer of Intuitive Machines. “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. We
look forward to collaborating with NASA to push the boundaries of
what’s possible in space.”
The NASA OMES III contract’s principal purpose is to support the
NASA GSFC Engineering and Technology Directorate (ETD). ETD is an
end-to-end science mission operation that is instrumental in
designing missions, building satellites and instruments, operating,
and controlling spacecraft, and acquiring and distributing data to
the worldwide science community.
About Intuitive Machines
Intuitive Machines is a diversified space company focused on
space exploration. Intuitive Machines supplies space products and
services to support sustained robotic and human exploration to the
Moon, Mars, and beyond. Intuitive Machines’ products and services
are offered through its four business units: Lunar Access Services,
Orbital Services, Lunar Data Services, and Space Products and
Infrastructure. For more information, please visit
intuitivemachines.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements in this press release include but
are not limited to: statements regarding our first mission to the
Moon, including the expected timing thereof. Such statements can be
identified by the fact that they do not relate strictly to
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such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
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subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including, but not limited to:
our ability to adequately market our products and services, and to
develop additional products and product offerings; our ability to
manage our growth effectively, including through acquisitions;
failure to maintain and protect our reputation; our ability to
attract, develop, and retain capable management, editors, and other
key personnel; our ability to grow market share in our existing
markets or any new markets we may enter; our ability to respond to
and adapt to changes in technology and consumer behavior; failure
to successfully identify and integrate acquisitions, or dispose of
assets and businesses; our ability to raise financing in the future
and to comply with restrictive covenants related to long-term
indebtedness; our ability to maintain and protect our intellectual
property; and adverse global economic conditions; and the risk
factors, forward-looking statements and challenges and
uncertainties described in our 2022 10-K , and other public filings
and press releases, which are accessible on the SEC's website at
www.sec.gov and the Investors section of our website at
www.investors.intuitivemachines.com.
These forward-looking statements are based on information
available as of the date of this press release and current
expectations, forecasts, and assumptions, and involve a number of
judgments, risks, and uncertainties. Accordingly, forward-looking
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of any subsequent date, and we do not undertake any obligation to
update forward-looking statements to reflect events or
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new information, future events, or otherwise, except as may be
required under applicable securities laws.
Contacts
For investor inquiries:
investors@intuitivemachines.com
For media inquiries:
press@intuitivemachines.com
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