All NASA Contracts — February 18, 2026

8(a) small disadvantaged business awarded fully competed firm-fixed-price deal with $56.6M outlayed and minor options remaining, positioning for follow-ons.

Six cost-plus-fixed-fee delivery orders totaling $1.67B for missions like Mars Rover and Sentinel-6, with 60%+ outlays and extensions to 2028, but nonprofit limits investor access.

Long performance periods (9-10 years to 2027-2028) across $1.8B+ awards expose to NASA funding shifts or task order changes.

Non-competed awards (7/8 contracts) create dependency on NASA discretion for extensions/follow-ons.

$62M+ in unobligated options across Caltech/Aerospace contracts (e.g., $215M JPL ops, $12M Cold Atom Lab) for predictable revenue if exercised.

ALUTIIQ's 8(a) security win positions for post-2023 set-aside follow-ons in NASA facilities (GSFC, Wallops).

Caltech/JPL and Aerospace Corp capture 95% of value via non-competed cost-plus deals for missions like CRISTAL, Sentinel-6.

Rare for-profit win (ALUTIIQ) in security services contrasts R&D focus, with full competition.

{"entity"=>"California Institute of Technology (JPL contracts)", "reason"=>"87% value concentration with $60M+ options and 50-70% outlays signals execution milestones.", "trigger"=>"Option exercises or outlays exceeding 80% of obligations"}

{"entity"=>"ALUTIIQ Advanced Security Solutions LLC", "reason"=>"Sole bullish signal with 2023 expiry and 8(a) status for potential repeat awards.", "trigger"=>"New NASA security RFPs or extension announcements"}