All NASA Contracts — June 10, 2026

The only contract awarded—$92.5M non-competitive to Caltech—is to a private nonprofit FFRDC operator, yielding zero direct revenue for publicly traded defense or space contractors.

100% of the period's $92.5M obligation is concentrated in a single non-investable entity (Caltech/JPL), creating no diversifiable exposure for institutional portfolios.

Sustained $92.5M NASA investment in spaceflight computing R&D (PSC AR22) indirectly supports demand for subsystem suppliers like Honeywell or BAE Systems, should the HPSC technology transition to competitive procurement.

NASA's continued non-competitive funding of Caltech's JPL FFRDC ($92.5M through 2026) signals enduring reliance on academic operators for deep-tech space computing, limiting near-term commercial capture.

{"entity"=>"Sector: space computing & avionics", "reason"=>"JPL's $92.5M R&D contract may yield technology that later converts to competitive procurement, benefiting commercial integrators.", "trigger"=>"NASA's 2027 budget request or JPL FFRDC extension announcement"}