Contract Option Exercises — March 18, 2026

$109.2M obligation (ceiling $125.4M) affirms NASA's non-competed commitment to space science R&D over 10-year span.

Realization of full $109.2M obligation and $125.4M ceiling depends on future NASA task orders over extended period to 2028-09-30.

$16.2M unexercised options and ongoing FFRDC sponsorship enable additional NASA task orders through 2028.

Non-competed cost-plus-fixed-fee delivery order to Caltech/JPL concentrates on space science R&D (NAICS 541715, PSC AR22).

{"entity"=>"Caltech/JPL NASA Contracts", "reason"=>"10-year term with $16.2M unexercised options and task order reliance amid $90.3M outlays.", "trigger"=>"Option exercises reaching $125.4M ceiling or new awards"}