Executive Summary
NASA accounts for the full $220,065,714 obligation across this single civilian contract stream (0 defense-related), centered on Peraton Inc.'s long-term operations and management of the NASA Balloon Facility.
Awarded via full and open competition in 2014, the cost-plus-fixed-fee contract provides Peraton with an estimated $21.5M in steady annual revenue through April 2025, with $89.9M (41%) already outlayed and $71.6M via 261 subawards. The highest-conviction neutral signal (5/10 strength, 6/10 materiality) reflects low pricing risk but partial execution and subcontractor reliance. A key watch item is progress on the remaining $130M obligation ahead of the 2025-04-30 end date and potential follow-on awards.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Tracking the trend? Catch up on the prior All NASA Contracts digest from May 04, 2026.
Investment Signals (2)
- Peraton Inc. Secures Steady $220M NASA Revenue with $89.9M Outlayed (MEDIUM)▲
$220,065,714 total obligation under cost-plus-fixed-fee structure yields ~$21.5M annual revenue estimate; 41% ($89.9M) executed to date signals reliable cash flow from NASA Goddard Space Flight Center.
- Peraton Inc. Faces Recompete After $220M NASA Contract Ends in 2025 (MEDIUM)▲
Contract performance ends 2025-04-30 with $130M remaining obligation; full and open competition history increases recompete risk despite prior win.
Risk Flags (2)
- Competition [MEDIUM RISK]▼
Peraton Inc.'s NASA Balloon Facility contract awarded via full and open competition with no set-aside, exposing remaining $130M obligation and post-2025 follow-on to competitive pressures.
- Execution [LOW RISK]▼
32% of outlays ($71.6M via 261 subawards) indicate Peraton Inc. subcontractor reliance, potentially pressuring margins on remaining NASA work.
Opportunities (1)
- ◆
Peraton Inc. positioned for NASA Balloon Facility follow-on beyond 2025-04-30 given 10+ year incumbency and GOCO R&D expertise.
Sector Themes (1)
- ◆
Peraton Inc.'s $220M cost-plus-fixed-fee contract for NASA Balloon Facility management (NAICS 541330, PSC M1HA) demonstrates durable multi-year execution (41% outlayed since 2015).
Watch List (2)
- 👁
{"entity"=>"Peraton Inc.", "reason"=>"$130M remaining obligation on $220M NASA contract with 41% executed; subawards comprise 32% of outlays.", "trigger"=>"outlay progress updates, contract end date 2025-04-30"}
- 👁
{"entity"=>"NASA Goddard Space Flight Center", "reason"=>"Ongoing Balloon Facility operations contract nearing end; full and open competition precedent.", "trigger"=>"re-compete announcement or follow-on award"}
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