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All NASA Contracts — October 22, 2026

All NASA Contracts

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

This digest covers a single NASA contract record dated October 22, 2026, with a total obligation of $54,049,346 and a base-plus-options value of $118,850,566. The award is entirely civilian (0 of 1 records defense-related), and the dominant theme is continued NASA investment in JPL-managed space science research through the Great Observatory Maturation Program (GOMAP).

The recipient, California Institute of Technology, is a nonprofit, tax-exempt university and therefore has no direct public-equity exposure. The highest-conviction signal is the low contract risk profile, given a cost-plus-fixed-fee structure that shifts most overrun exposure to the government. The key watch item is the roughly $64.8M of ceiling value not yet obligated, which depends on future option exercise and incremental funding, and average signal strength across the stream is low at 2.0/10.

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Tracking the trend? Catch up on the prior All NASA Contracts digest from October 21, 2026.

Investment Signals (2)

  • Caltech / JPL GOMAP Award Provides $54.0M Obligated Civilian Space R&D Funding With No Public Equity Read-Through (HIGH)
    ▲

    The $54,049,346 obligation from NASA's JPL management office to California Institute of Technology runs through 2028-03-26 with $21,670,903 outlayed to date. Because the recipient is a nonprofit university, the award offers no direct investable exposure for public-market investors.

  • Cost-Plus-Fixed-Fee Structure Limits Performer Risk on GOMAP Program (MEDIUM)
    ▲

    The cost-plus-fixed-fee pricing places most cost overrun exposure on NASA rather than the performer, which the context characterizes as lower execution risk. This supports the durability of the $118,850,566 base-plus-options program if it were held by a publicly traded contractor.

Risk Flags (1)

  • Budget [MEDIUM RISK]
    ▼

    Only $54,049,346 of the $118,850,566 base-plus-options value is currently obligated, leaving approximately $64.8M dependent on option exercise and incremental NASA funding across the award period ending 2028-03-26.

Opportunities (1)

  • ◆

    Continued GOMAP maturation work through 2028 sustains NASA observatory and space science R&D demand, which may create follow-on work for space R&D and engineering services firms supporting JPL-managed programs.

Sector Themes (1)

  • ◆

    NASA continues to fund JPL-managed observatory maturation through a long-duration cost-plus contract, with NAICS 541715 and PSC AR12 coding indicating space science and engineering R&D. The single record provides limited evidence of a broader trend in civilian space spending.

Watch List (1)

  • 👁

    {"entity" => "NASA Jet Propulsion Laboratory / GOMAP program", "reason" => "Only $54,049,346 of $118,850,566 is obligated, so continued funding depends on option exercise and incremental obligations.", "trigger" => "Next GOMAP option exercise or incremental obligation modification, and FY2027 NASA science appropriations"}

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