Intuitive Machines Inc (NASDAQ:LUNR) shares are surging on Wednesday. The move comes as the company secures a key government contract and prepares for its first-quarter earnings report.
The Nasdaq is up 0.52% while the S&P 500 has gained 0.20%.
U.S. Space Force Selects LUNR
The primary catalyst is a new Andromeda IDIQ contract from the U.S. Space Force. Under this agreement, the company will compete to design next-generation Space Domain Awareness (SDA) capabilities.
“Our focus is to provide innovative and dependable SDA mission solutions for the U.S. Space Force,” the company stated via X on Wednesday.
The project aims to track objects in geosynchronous orbit to maintain space superiority through 2030.
This award represents the first major selection since the …
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