NASA Awards Intuitive Machines Near Space Network Contract with a Maximum Potential Value of $4.82 Billion

Quick Summary:

HOUSTON, Sept.17, 2024 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc.(Nasdaq: LUNR, LUNRW) ("Intuitive Machines”) ("Company”), a leading space exploration, infrastructure, and services company, today announced NASA has awarded the Company a Near Space Network ("NSN”) contract for communication and navigation services for missions in the near space region, which extends from Earth’s surface to beyond the Moon.This Subcategory 2.2 Geostationary Orbit to Cislunar Relay Services is a new Firm-Fixed-Price, Multiple Award, Indefinite-Delivery/Indefinite-Quantity ("IDIQ”) Task Order Contract.

As part of this contract, the Company will deploy lunar relay satellites and provide communication and navigation services that play an essential role in NASA’s Artemis campaign to establish a long-term presence on the Moon.

"We’re pleased to partner with NASA, as one team, to support the Artemis campaign and endeavors to expand the lunar economy.” A key highlight of this contract is the debut of Intuitive Machines’ lunar satellite constellation, a service the Company believes is a strategic element in its vision to commercialize lunar activities.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Intuitive Machines, LLC

Category: Technology

Markets: ChinaUnited States

Topics: US46125A1007 Nasdaq:LUNRW Nasdaq:LUNR

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 20:35:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 754 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 22570706

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 129 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 9 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions