05:40 AM EDT, 04/04/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Intuitive Machines ( LUNR ) shares were up 6.4% in premarket activity Thursday after the National Aeronautics and Space Administration awarded the company $30 million to complete a lunar terrain vehicle, or LTV, services feasibility assessment as a prime contractor.

The company said late Wednesday that its global team will be responsible for creating a feasibility roadmap to develop and deploy an LTV on the moon using Intuitive Machines' ( LUNR ) Nova-D lunar lander.

The company said the first-phase award marks its foray into human spaceflight operations within NASA's $4.6 billion LTV services project.

Intuitive Machines ( LUNR ) said its Moon Reusable Autonomous Crewed Exploration Rover global team partners include Boeing ( BA ) and Northrop Grumman ( NOC ) .

Price: 6.36, Change: +0.38, Percent Change: +6.35