U.S. Government Accountability Office Validates NASA’s $719 Million OMES III Award to Intuitive Machines-Led Team

By: Intuitive Machines, LLC via GlobeNewswire

August 10, 2023 at 09:13 AM EDT

HOUSTON, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Intuitive Machines, Inc. (Nasdaq: LUNR, LUNRW) (“Intuitive Machines”) or the (“Company”), a leading space exploration, infrastructure, and services company, welcomes the recent U.S. Government Accountability Office’s (“GAO”) decision affirming NASA’s thorough evaluation of the OMES III proposals, resulting in the award of the five-year contract to Space & Technology Solutions, the DBA for Space Network Solutions LLC, a joint venture led by Intuitive Machines with KBR (NYSE: KBR).

“NASA awarding Intuitive Machines its OMES III contract affirms the Company’s experience in spacecraft development, autonomous systems, and near-space communications,” said Steve Altemus, Intuitive Machines Chief Executive Officer. “We look forward to a well-orchestrated transition process and the Company’s growth in the orbital services market.”

The OMES III Contract is a cost-plus-fixed-fee indefinite-delivery, indefinite-quantity contract 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.

The NASA OMES III contract’s principal purpose is to support the NASA GSFC Engineering and Technology Directorate (ETD). ETD is an end-to-end science mission operation that is instrumental in designing missions, building satellites and instruments, operating and controlling spacecraft, and acquiring and distributing data to the worldwide science community.

About Intuitive Machines

Intuitive Machines is a diversified space company focused on space exploration. Intuitive Machines supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Intuitive Machines’ products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. For more information, please visit https://www.intuitivemachines.com.

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Risk Factors of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2023, the section titled Part I, Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations and the section titled Part II. Item 1A. “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 to be filed with the SEC, and in our subsequent filings with the SEC, which are accessible on the SEC's website at www.sec.gov and the Investors section of our website at www.investors.intuitivemachines.com.

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