Thursday, 18 April 2024

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Intuitive Machines secures NASA lunar vehicle study contract By

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HOUSTON – NASA has selected Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW) to conduct a feasibility assessment for a Lunar Terrain Vehicle (LTV) as part of the agency’s Artemis program, with the contract valued at $30 million. The Houston-based company will develop a roadmap for the LTV using its Nova-D cargo-class lunar lander, marking its entry into human spaceflight operations.

The contract is a component of NASA’s broader $4.6 billion LTV Services project, which aims to return humans to the Moon. Intuitive Machines’ CEO, Steve Altemus, stated that the contract builds on their proven ability to deliver payloads to the lunar surface and positions the company as a notable commercial contractor in lunar exploration.

The Moon RACER team, which includes partners such as AVL, Boeing (NYSE:), Michelin (EPA:), and Northrop Grumman (NYSE:), will collaborate on the LTV’s design, focusing on advanced power management, autonomous driving, and navigation systems suitable for the lunar environment. Each partner brings specialized expertise, from AVL’s battery electric vehicles and propulsion solutions to Michelin’s high-tech materials for durable lunar wheels, and Northrop Grumman’s experience in power systems and mission planning.

The LTV is a critical element in NASA’s strategy to sustain human presence on the Moon and demonstrate continued American leadership in space. Intuitive Machines plans to retain ownership of the LTV, allowing for commercial use during periods when it is not in operation for NASA, over an estimated ten years of lunar activity.

This contract is part of a two-phase approach by NASA, with the potential for additional awards. Intuitive Machines anticipates bidding for the second phase, which involves the development, delivery, and operation of the LTV on the lunar surface.

In 2024, Intuitive Machines achieved a milestone by successfully soft-landing its Nova-C class lunar lander, Odysseus, on the Moon. The company offers a range of space exploration and infrastructure services through its business units, contributing to the evolving lunar economy.

InvestingPro Insights

Intuitive Machines, Inc. (NASDAQ:LUNR, LUNRW), known for its significant strides in lunar exploration, has recently been tasked with a feasibility assessment for NASA’s Lunar Terrain Vehicle. As investors consider the implications of this new contract, it’s important to note the latest data and insights from InvestingPro that may influence the company’s financial…

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