All NASA Contracts — October 16, 2026

COLSA Corp received a firm-fixed-price NASA NTSS task order with $23,780,556 total obligation running 2025-10-01 to 2026-09-30, with $17,159,004 already outlayed. Subawards to 13 entities totaling $12,579,628 (about 53% of the obligation) indicate substantial pass-through work, though the data does not identify subawardees.

The award is a single-year task order with no set-aside and full-and-open competition, so there is no demonstrated moat and renewal depends on Year 4 or follow-on awards. Remaining obligated value of roughly $6.6M and about $1.2M of unexercised option value are the near-term items to monitor.

NASA JPL awarded Caltech a cost-plus-fixed-fee Dragonfly flight hardware delivery order of $13,939,429 obligated against $18,054,181 base-plus-options, with $9,400,976 outlayed through a 2028-09-24 end date. Option exercise would move obligations toward the $18.1M ceiling, signaling continued NASA planetary-mission funding.

A $12,945,824 obligation under the ExoMars Trace Gas Orbiter delivery order (base-plus-options $16,810,189, outlayed $10,338,035) runs to 2027-10-31, indicating a sustained rather than one-time NASA commitment. Recipient is nonprofit with no investable public equity.

A $15,406,186 ROSES research delivery order (base-plus-options $23,893,748) has only $714,868 outlayed (about 4.6%) through 2028-09-30, implying slow early spend and roughly $8.5M of unobligated option value. Recipient is nonprofit and not investable.

All four awards depend on annual NASA appropriations; the data contains no prior-year or comparable budget figures, so no budget trend can be established from this sample, and CR-driven delays would affect option exercises.

Outlay pace varies widely: Caltech ROSES has only about 4.6% spent versus roughly 52% on Dragonfly, and COLSA has about 72% outlayed against its obligation with under a year remaining, which raises completion-timing risk for COLSA.

COLSA's award was full-and-open with no set-aside and competition signal unknown, so the position is contestable at re-compete and the single-year structure offers limited protection.

Subcontracting pool under COLSA's $23.8M NTSS task order (13 subawards totaling $12.6M) represents a channel for smaller NASA-focused space and admin-services firms if COLSA re-competes or expands scope.

Continued multi-year NASA JPL planetary science work (Dragonfly through 2028, ExoMars TGO through 2027, ROSES through 2028) supports a pipeline for space flight hardware and science R&D suppliers.

Three of four awards ($42.3M combined obligation) run through JPL management offices with end dates in 2027-2028, indicating sustained multi-year NASA planetary and earth-science R&D funding rather than one-time awards.

COLSA's NTSS task order (NAICS 541611, PSC R699) shows management and admin services work with 53% subcontracted, a pass-through model distinct from the R&D-focused Caltech awards.

{"entity" => "COLSA Corp", "reason" => "$23,780,556 NTSS Year 3 task order with $17.2M outlayed and about $6.6M remaining; single-year, full-and-open award with no moat and 53% subcontracted.", "trigger" => "NTSS Year 4 or follow-on solicitation and award; outlay completion before 2026-09-30"}

{"entity" => "California Institute of Technology (NASA JPL awards)", "reason" => "Three JPL delivery orders totaling $42.3M obligated (Dragonfly, ExoMars TGO, ROSES) through 2027-2028; recipient is nonprofit, so signal is indirect.", "trigger" => "Option exercises on Dragonfly ($18.1M ceiling), ExoMars TGO ($16.8M ceiling), and ROSES ($23.9M ceiling); FY2027 NASA appropriations"}

{"entity" => "Space hardware and science R&D sector", "reason" => "JPL multi-year planetary missions imply sustained demand for flight hardware and instrument suppliers, though no supplier is named in the data.", "trigger" => "FY2027 NASA science budget enactment and any continuing resolution from October 1, 2026"}