All NASA Contracts — March 05, 2026

$2.87B obligation (84% of total) underscores incumbency in space vehicle components via non-competed cost-plus-incentive award.

$248M obligation with $122M options signals sole-source trust for PSC 1820 hardware.

All contracts show $0 outlayed despite $3.41B obligations, questioning cash realization.

Expired performance periods (2004-2013) and $0 outlays across $3.41B obligations indicate completion, delays, or data gaps limiting ongoing revenue.

Non-competed awards to non-small businesses may face scrutiny or rebids post-expiration.

~$268M unexercised options (Lockheed $52M, Hamilton $122M, Amentum $92M) could unlock if exercised or extended.

NASA's cost-plus reliance on primes for space hardware mirrors potential in Artemis/ lunar programs.

81% of value in cost-plus-incentive/award fee structures for PSC 1820, favoring incumbents over fixed-price competition.

Contracts cluster in 1999-2006 era for propulsion, testing, aircraft support, all zero outlay by 2026 data.

{"entity"=>"Lockheed Martin", "reason"=>"84% value share with $52M options; largest exposure to NASA space tanks.", "trigger"=>"outlay increases or 2013 extension announcements"}

{"entity"=>"NASA PSC 1820 awards", "reason"=>"Two contracts ($3.12B) focused here signal sector priority.", "trigger"=>"fresh obligations >$100M"}

{"entity"=>"Amentum & DynCorp", "reason"=>"Neutral signals but established R&D/maintenance roles with options.", "trigger"=>"performance period revivals or new JSC bids"}