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All NASA Contracts β€” March 19, 2026

All NASA Contracts

3 total filings analysed

Executive Summary

NASA's three contracts totaling $565M underscore stable funding for space R&D infrastructure (JPL FFRDC) and talent development through 2027, with 83% ($472M) concentrated at Caltech and average 79% outlay ($446M spent). All neutral signals reflect predictable nonprofit cash flows amid full obligations exercised but limited direct equity plays. Investors gain visibility into NASA commitment but face budget-dependent tail risks on $119M remaining.

Tracking the trend? Catch up on the prior All NASA Contracts digest from March 18, 2026.

Investment Signals(1)

  • Extended Funding Visibility to 2027(HIGH)
    β–²

    All contracts run through mid-2027 with 79% average outlay, signaling NASA priority on JPL operations and postdoctoral programs.

Risk Flags(2)

  • Market[MEDIUM RISK]
    β–Ό

    Dependence on NASA budgets for $119M unspent obligations and $36M unexercised options through 2027.

  • Execution[MEDIUM RISK]
    β–Ό

    Cost-plus-fixed-fee structures across all awards expose to audits and verifiable cost scrutiny amid extended periods.

Opportunities(2)

  • β—†

    $36M unexercised options in ORAU postdoc program and potential JPL follow-ons under FFRDC framework.

  • β—†

    83% value concentration in Caltech/JPL highlights scalable R&D platform for space infrastructure upgrades like DSN.

Sector Themes(2)

  • β—†

    Two Caltech awards ($472M) dominate for JPL operations, emphasizing enduring space science R&D investment.

  • β—†

    ORAU's $94M postdoc management contract ensures NASA human capital through 2027.

Watch List(3)

  • πŸ‘

    {"entity"=>"Caltech/JPL Contracts", "reason"=>"83% value share with $140M unspent across two awards ending 2027.", "trigger"=>"Outlay acceleration or task order delays signaling budget shifts"}

  • πŸ‘

    {"entity"=>"ORAU Postdoc Options", "reason"=>"$36M potential uplift to $130M total.", "trigger"=>"Option exercise announcements"}

  • πŸ‘

    {"entity"=>"NASA FY2027 Budget", "reason"=>"Critical for all remaining $119M obligations.", "trigger"=>"Cuts or increases impacting space R&D"}

Get daily alerts with 1 investment signals, 2 risk alerts, 2 opportunities and full AI analysis of all 3 filings

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All NASA Contracts β€” March 19, 2026 | Gunpowder Blog