Intuitive Machines-Led Moon RACER Team Awarded $30M NASA Lunar Terrain Vehicle Contract To Support the Agency's Artemis Campaign; The First Phase Award Marks The Co's Entrance Into Human Spaceflight Operations Within Nasa's $4.6B LTV Services Project
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Intuitive Machines, Inc. (NASDAQ: LUNR) has been awarded a $30 million contract by NASA to conduct a Lunar Terrain Vehicle Services Feasibility Assessment as part of NASA's Artemis campaign. This marks the company's entry into human spaceflight operations within the $4.6 billion LTV Services project. The contract involves developing a roadmap for deploying a Lunar Terrain Vehicle on the Moon using Intuitive Machines' Nova-D cargo-class lunar lander. Partners including AVL, Boeing, Michelin, and Northrop Grumman will contribute to the vehicle's design, showcasing advanced capabilities in power management, autonomous driving, and navigation for lunar exploration.
April 03, 2024 | 8:15 pm
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Intuitive Machines, Inc. has been awarded a $30 million NASA contract for a Lunar Terrain Vehicle feasibility study, marking its entry into human spaceflight operations.
The $30 million contract from NASA to Intuitive Machines for the Lunar Terrain Vehicle feasibility study is a significant milestone for the company, marking its entry into human spaceflight operations. This contract not only enhances the company's reputation as a key player in lunar exploration but also positions it for further opportunities within NASA's Artemis campaign and the broader space exploration market. The involvement of major partners like Boeing and Michelin further solidifies the project's credibility and potential for success, likely leading to positive investor sentiment and a short-term positive impact on LUNR's stock price.
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