Executive Summary
NASA dominates this $90,812,821 civilian contract obligation (0% defense-related) to California Institute of Technology for the MAIA Multi-Angle Imager for Aerosols project, underscoring long-term space science R&D funding via a cost-plus-fixed-fee delivery order active since 2018.
With $60,980,603 already outlayed out of a potential $101,500,658 including options, the neutral signal (4/10 strength) reflects limited direct equity investment implications due to the recipient being a nonprofit educational institution. The dominant agency theme is NASA Management Office -- JPL prioritizing uncompeted R&D in aerosols imaging (NAICS 541715, PSC AR22). Highest-conviction signal is neutral multi-year stability through 2028-09-30. Key watch item is outlay progress beyond $60,980,603 and exercise of options to full value.
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Tracking the trend? Catch up on the prior NASA & Space Contracts Intelligence digest from April 16, 2026.
Investment Signals (1)
- Limited Equity Upside from $90.8M NASA Award to Nonprofit Caltech (HIGH)▲
California Institute of Technology, a tax-exempt nonprofit, received the full $90,812,821 obligation for MAIA project R&D, with no direct public equity exposure despite $60.9M outlayed and potential to $101.5M.
Risk Flags (2)
- Execution [LOW RISK]▼
$60,980,603 already outlayed on Caltech's $90.8M NASA MAIA delivery order through 2028-09-30, with low pricing risk but dependency on option exercises for full $101.5M value.
- Competition [MEDIUM RISK]▼
Uncompeted cost-plus-fixed-fee delivery order to Caltech signals unknown competition dynamics for MAIA project R&D.
Opportunities (1)
- ◆
Multi-year NASA funding to California Institute of Technology for MAIA aerosols imaging R&D, with $29.8M remaining obligation and options to $101.5M.
Sector Themes (1)
- ◆
NASA's $90,812,821 uncompeted delivery order to California Institute of Technology supports MAIA project through 2028, with $60.9M outlayed emphasizing stable civilian funding for aerosols imaging under NAICS 541715.
Watch List (2)
- 👁
{"entity"=>"California Institute of Technology", "reason"=>"$90.8M NASA MAIA obligation with $60.9M outlayed; tracks remaining funding and full project execution.", "trigger"=>"outlay progress beyond $60,980,603; option exercise to $101,500,658; 2028-09-30 performance"}
- 👁
{"entity"=>"NASA space R&D sector", "reason"=>"Single uncompeted award highlights JPL reliance on nonprofits for physical/engineering sciences R&D.", "trigger"=>"re-compete post-2028 or similar MAIA follow-ons"}
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