HOUSTON, TX – Jan 12, 2022 – Intuitive Machines, LLC (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company, today announced it will work alongside Jacobs Solutions Inc. (“Jacobs”) (NYSE: J) to safely and successfully accomplish the goals and contractual requirements within NASA’s Johnson Space Center Engineering, Technology, and Science (JETS) II contract.
Under this agreement, Intuitive Machines is assisting Jacobs to provide engineering and scientific products, technical services, and related services for the NASA Johnson Space Center in Houston, other NASA centers, and government agencies.
The total JETS II cost-plus award fee, indefinite-delivery/indefinite-quantity contract has a potential base value of approximately $1.8 billion. The contract contains an option to convert to a cost-plus-fixed-fee contract, and the ability to issue firm-fixed-price task orders. The contract began on Oct 1, 2022, with a five-year base period, followed by two two-year option periods and one one-year option period, which increase the potential value to approximately $3.9 billion. The contract has a total potential performance period of 10 years.