Intuitive Machines Shares Rise 25% After JV Gets NASA Contract
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Dow Jones
By Chris Wack
Intuitive Machines Inc. shares were up 25% to $12.99 in premarket trading after the company said The National Aeronautics and Space Administration awarded Space & Technology Solutions, a joint venture with KBR Inc., a cost-plus-fixed-fee indefinite-delivery, indefinite-quantity contract.
The company said the contract is 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.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
April 19, 2023 06:42 ET (10:42 GMT)
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