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DOE Energy & National Labs Contracts — October 22, 2026

DOE Energy & National Labs Contracts

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

This digest covers a single DOE Energy & National Labs contract totaling $41,772,736 in current obligation, with zero defense-related awards in the period (the award is an NNSA delivery order, which sits within the Department of Energy rather than DOD).

The dominant theme is continued federal funding for nuclear security and nonproliferation analysis through The Aerospace Corporation, a nonprofit federally funded research center. The highest-conviction signal is that the award is funded and actively disbursing, with $26,579,293 outlayed to date against a $146,156,020 base-plus-options ceiling. The primary watch item is the option exercise path and any change to the 2027-05-31 current end date or 2030-06-04 potential end date. Because the recipient is tax-exempt and not publicly traded, the contract carries no direct equity investment implication, and the signal stream is neutral.

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Tracking the trend? Catch up on the prior DOE Energy & National Labs Contracts digest from June 04, 2026.

Investment Signals (2)

  • The Aerospace Corporation receives $41,772,736 NNSA delivery order against $146,156,020 ceiling (MEDIUM)
    ▲

    The current obligation represents roughly 29% of the base-plus-options ceiling, with $26,579,293 already outlayed, indicating funded and active work. The award runs from 2025-06-01 with a current end of 2027-05-31 and a potential end of 2030-06-04.

  • Non-competed cost-plus-fixed-fee structure limits upside for The Aerospace Corporation (MEDIUM)
    ▲

    The delivery order is non-competed and priced cost-plus-fixed-fee, which shifts cost overrun risk to the government while capping the recipient's upside to the fixed fee. The competition signal is recorded as unknown.

Risk Flags (2)

  • Budget [LOW RISK]
    ▼

    Only about 18% of the $146,156,020 ceiling has been outlayed ($26,579,293), and the data does not establish a multi-year budget trend for NNSA nuclear security analysis funding, so incremental obligations are not assured.

  • Competition [LOW RISK]
    ▼

    The delivery order is non-competed and the competition signal is unknown, which is typical for FFRDC work but leaves no market-test evidence on pricing or scope.

Opportunities (1)

  • ◆

    Option period exercises and incremental obligations under the $146,156,020 ceiling could expand The Aerospace Corporation's NNSA workload through the potential end of 2030-06-04, though this is a nonprofit and not directly investable.

Sector Themes (1)

  • ◆

    The NNSA delivery order to The Aerospace Corporation reflects continued federal spending on nuclear security analysis, with $41,772,736 currently obligated. The award is engineering-focused (NAICS 541715, PSC AR14), pointing to systems integration and R&D services work.

Watch List (2)

  • 👁

    {"entity" => "The Aerospace Corporation", "reason" => "A $41,772,736 current obligation against a $146,156,020 ceiling, with $26,579,293 outlayed, makes this the sole award in the stream and the main evidence point for NNSA analysis funding. Its nonprofit status means it is not investable.", "trigger" => "Option period exercise and incremental obligation actions before the 2027-05-31 current end date"}

  • 👁

    {"entity" => "Department of Energy NNSA", "reason" => "The agency is the sole source of this stream's funding, and the data does not establish a multi-year budget trend for the NNSA nuclear security analysis line.", "trigger" => "FY2027 appropriations resolution and any continuing resolution affecting NNSA funding levels"}

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