Lousma was awarded the Johnson Space Center Certificate of Commendation (1970); the NASA Distinguished Service Medal (1973); presented the Navy Distinguished Service Medal and Navy Astronaut Wings (1974), the City of Chicago Gold Medal (1974), the Marine Corps Aviation Association's Exceptional Achievement Award (1974), the Fédération Aéronautique Internationale awarded him the V. M. Komarov Diploma for 1973, the AIAA Octave Chanute Award for 1975, the AAS Flight Achievement Award for 1974; inducted into a second NASA Distinguished Service Medal (1982), the Department of Defense Distinguished Service Medal (1982), NCAA Silver Anniversary Award (1983).