Intuitive Machines Teams with Jacobs to Support NASA JETS II Contract

Intuitive Machines, LLC (“Intuitive Machines” or the “Company”), a leading space exploration, infrastructure, and services company,announced it will work alongside Jacobs Solutions to safely and successfully accomplish the goals and contractual requirements within NASA’s Johnson Space Center Engineering, Technology, and Science (JETS) II contract.

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“We believe that being selected to join Jacobs in supporting NASA’s JETS II contract reflects Intuitive Machines’ history of delivering reliable and innovative engineering services”

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.

“We believe that being selected to join Jacobs in supporting NASA’s JETS II contract reflects Intuitive Machines’ history of delivering reliable and innovative engineering services,” said Steve Altemus, Co-Founder, President, and CEO of Intuitive Machines. “Working with Jacobs, Intuitive Machines is continuing to build its Space Products and Services business line, and we could not be prouder to join this exceptional team.”

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Intuitive Machines is currently executing six other NASA engineering service contracts:

• NASA Human Space Flight Technical Integration Contract
• NASA Mission Systems Operations Contract
• NASA Mechanical Integration Services and Technologies II Contract
• NASA Ground Systems and Mission Operations III Contract
• NASA Intelligent Systems Research Contract
• NASA Human Health and Performance Contract

As previously announced on Sept. 16, 2022, Intuitive Machines signed a definitive business combination agreement with Inflection Point Acquisition Corp. (Nasdaq: IPAX, IPAXU, IPAXW) (“Inflection Point”), a publicly traded special purpose acquisition company, that is expected to result in Intuitive Machines becoming publicly listed. Completion of the transaction is subject to approval by Inflection Point’s shareholders, the Registration Statement being declared effective by the Securities and Exchange Commission (the “SEC”), and other customary closing conditions.

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