Viasat, Intuitive Machines Gain on NASA Near Space Pacts (1)

NASA has selected companies including Viasat and Intuitive Machines to expand the agency’s Near Space Network’s commercial direct-to-Earth capabilities services. Viasat shares are up 4% in postmarket trading while Intuitive Machines gained 8%.

• Contracts’ cumulative maximum value is $4.82 billion.
• Firm-fixed-price, indefinite-delivery/indefinite-quantity contracts
• Project timelines span from February 2025 to September 2029, with an additional five-year option period
• Other task order recipients include Kongsberg Satellite Services and SSC Space US

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(Adds shares in first paragraph. An earlier version corrected the spelling of company name in headline.)

--With assistance from Jeran Wittenstein ...