Intuitive Machines, Inc.

(NASDAQ:LUNR) stock is trading higher by 7% on Tuesday.

Nasdaq futures are up 2.52% while S&P 500 futures have gained 1.24%.

The move follows the space infrastructure and services company announcement on Tuesday that it was selected by L3Harris Technologies (NYSE:LHX)to support spacecraft platform development for the Space Development Agency’s Accelerated Missile Defense Tranche 3 (AMDT3) mission.

Read Also: Boeing’s Smallest 737 Max Finally Wins FAA Certification After a Decade of Delays— but Passengers Still Won’t Board One Until 2027 Under the agreement, Intuitive Machines will design, build, and deliver 18 advanced spacecraft platforms to support missile tracking solutions for hypersonic and ballistic defense.