Executive Summary
NASA's Goddard Space Flight Center exercised options totaling $181,839,613 on a single long-term contract with The Leland Stanford Junior University, representing 100% civilian exposure with zero defense-related activity.
This neutral signal (strength 4/10, materiality 6/10) reflects sustained commitment to space science R&D via the Solar Dynamics Observatory Project Heliospheric and Magnetic Imager (HMI) investigation, a definitive cost-no-fee award under full and open competition running through September 30, 2027. Only $25,928,889 has been outlayed to date out of a base + all options value of $186,336,824, implying an estimated annual revenue of ~$7.3 million amid uneven spending. The highest-conviction signal is the low pricing risk from the cost-no-fee structure, providing durability outside CR/NDAA volatility. Key watch item: outlay progress beyond $25.9 million and performance toward the 2027 end date.
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Tracking the trend? Catch up on the prior Contract Option Exercises digest from April 03, 2026.
Investment Signals (1)
- The Leland Stanford Junior University Receives $181.8M NASA Option Exercise for HMI Investigation (LOW)▲
This option exercise confirms NASA's long-term commitment to the 25-year Solar Dynamics Observatory Project, with $181,839,613 obligated under a definitive cost-no-fee contract originally awarded in 2002.
Risk Flags (2)
- Execution [MEDIUM RISK]▼
Low outlays of $25,928,889 against $181,839,613 obligation signal potential delays in a 25-year NASA contract with The Leland Stanford Junior University ending 2027-09-30.
- Budget [LOW RISK]▼
Uneven outlays in this cost-no-fee NASA space R&D contract expose funding continuity risks outside defense NDAA/CR cycles.
Opportunities (1)
- ◆
Long-term NASA obligation of $181,839,613 to The Leland Stanford Junior University supports ongoing space science R&D through 2027.
Sector Themes (1)
- ◆
NASA's $181,839,613 option exercise on The Leland Stanford Junior University's HMI investigation demonstrates commitment to 25-year heliophysics R&D under PSC AR22.
Watch List (2)
- 👁
{"entity"=>"The Leland Stanford Junior University", "reason"=>"Track $181.8M NASA HMI contract outlays at $25.9M vs. full obligation and 2027 end date performance.", "trigger"=>"outlay increases beyond $25,928,889; 2027-09-30 completion"}
- 👁
{"entity"=>"NASA Goddard Space Flight Center", "reason"=>"Monitor cost-no-fee structure changes or funding shifts in space R&D portfolio.", "trigger"=>"NASA budget announcements; option modifications"}
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