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All NASA Contracts — September 26, 2026

All NASA Contracts

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

The sole contract in this digest is a $248.4M cost-plus-fixed-fee award from NASA to Universities Space Research Association (USRA) for academic mission services at Ames Research Center. As a civilian agency contract with no defense linkage, it reflects stable NASA R&D investment but carries renewal risk due to its November 2024 expiration.

The neutral signal and low pricing risk suggest predictable but capped profit margins for USRA, with $143.6M already outlayed. Key watch items include the upcoming re-compete decision and NASA's budget trajectory for academic mission support.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Tracking the trend? Catch up on the prior All NASA Contracts digest from September 12, 2026.

Investment Signals (1)

  • USRA faces near-term revenue cliff as $248.4M NASA contract expires November 2024 (HIGH)
    ▲

    The contract ends November 30, 2024, with no options beyond that date, creating a $29.1M annual revenue hole if not renewed. $143.6M has already been outlayed, indicating partial performance and limited remaining runway.

Risk Flags (2)

  • Concentration [HIGH RISK]
    ▼

    USRA's revenue is heavily dependent on this single NASA contract, which represents its entire disclosed award in this digest. Nonprofit status and lack of small business set-aside reduce competitive advantages.

  • Budget [MEDIUM RISK]
    ▼

    Civilian agency contracts like this NASA award are vulnerable to Continuing Resolution uncertainty, especially if Congress fails to pass appropriations before the contract end date.

Opportunities (1)

  • ◆

    NASA's continued investment in R&D services (NAICS 541712) suggests stable or growing budget for academic mission support, potentially leading to follow-on awards for USRA or competitors.

Sector Themes (1)

  • ◆

    NASA's $248.4M commitment to academic mission services via cost-plus-fixed-fee contracts indicates sustained investment in physical, engineering, and life sciences research (PSC AJ12, NAICS 541712).

Watch List (2)

  • 👁

    {"entity" => "Universities Space Research Association", "reason" => "Single large contract expiring November 2024 creates revenue concentration risk; renewal or loss will materially impact operations.", "trigger" => "Re-compete announcement or follow-on award decision before November 2024"}

  • 👁

    {"entity" => "NASA Ames Research Center", "reason" => "As the contracting agency, its budget and procurement decisions directly affect USRA's revenue continuity.", "trigger" => "NASA FY2025 budget release and CR resolution"}

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