All NASA Contracts — August 01, 2026

Both contracts ($17.32M and $1.44M) are completed and no longer generating revenue, representing less than 0.03% of Lockheed Martin's annual revenue. The cost-plus-fixed-fee structure provides low risk but limited upside.

The $1.44M PISCES II delivery order was competed full-and-open, and Lockheed Martin has not won any follow-on NASA awards in this dataset. Recompetition of this work could expose Lockheed to competitive pressure from other defense primes like Boeing or Northrop Grumman.

Both contracts are with NASA, a single civilian agency, and both are defense-related R&D. This narrow agency concentration limits diversification benefits and exposes Lockheed to NASA-specific budget shifts or program cancellations.

The $17.32M contract was awarded non-competitively, indicating Lockheed Martin has a sole-source or incumbent position for advanced technology R&D at NASA Ames. This could lead to follow-on awards if the program is renewed.

Both contracts fall under PSC codes AC14 and AC11 (National Defense R&D), showing NASA's continued investment in defense-related aerospace engineering services. This suggests stable, low-volatility funding for defense primes in civilian agency R&D.

{"entity" => "Lockheed Martin Corporation", "reason" => "Both contracts are completed with no forward revenue visibility; any new NASA Ames awards would signal incumbency retention.", "trigger" => "New NASA Ames task order under PISCES or similar program"}

{"entity" => "NASA Ames Research Center", "reason" => "The center awarded both contracts; its future R&D budget and contract pipeline will determine follow-on opportunities for Lockheed Martin.", "trigger" => "NASA budget request or NDAA provisions affecting Ames R&D funding"}