Shares of Intuitive Machines (NASDAQ: LUNR) surged in pre-market trading on Wednesday after the diversified space company announced that its joint venture with KBR (KBR) had bagged a single-award contract from NASA worth $719 million. This contract has a five-year base-performance period and is a cost-plus-fixed-fee indefinite-delivery, indefinite-quantity contract.
As a part of this contract, LUNR will provide support to NASA’s Joint Polar Satellite System, its Exploration, and In-space Services.
Analysts remain bullish about LUNR stock with a Strong Buy consensus rating based on three unanimous Buys.