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NASA & Space Contracts Intelligence — October 29, 2026

NASA & Space Contracts Intelligence

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

This digest covers a single NASA delivery order to the California Institute of Technology (Caltech) valued at $36,802,451 for MEASURES Earth System Data Records, a cost-plus-fixed-fee, not-competed award running from October 2018 through September 2028.

The award is entirely civilian (0 of 1 defense-related), executed through NASA's Jet Propulsion Laboratory (JPL) management office, and carries a low materiality score (1/10) and neutral signal strength (2/10). Approximately $30.1 million (82%) has already been outlayed, leaving roughly $6.7 million unspent, which limits incremental revenue visibility. The highest-conviction takeaway is the absence of direct public-equity exposure: Caltech is a nonprofit, tax-exempt institution, so the primary investment relevance is indirect—through potential subcontracting to publicly traded aerospace and data-services firms. The key watch item is whether option exercises or modifications extend the $36.8 million obligation or the 2028 end date, and whether any subcontract awards create a tangible equity link.

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

Tracking the trend? Catch up on the prior NASA & Space Contracts Intelligence digest from October 22, 2026.

Investment Signals (2)

  • Caltech's $36.8M NASA Earth Science Delivery Order Nears Completion with ~$6.7M Remaining (LOW)
    ▲

    The $36,802,451 cost-plus-fixed-fee delivery order to Caltech for MEASURES Earth System Data Records has $30,116,974 outlayed (about 82%), leaving roughly $6.7 million unspent through the September 24, 2028 end date. Any option exercise or modification could add obligation, but the remaining balance is small relative to the total.

  • No Direct Public-Equity Exposure from $36.8M Caltech Award (HIGH)
    ▲

    Caltech is a nonprofit, tax-exempt higher education institution with no public equity listing indicated in the data, so this $36,802,451 NASA award offers no direct investable link. Any equity relevance would come only from undisclosed subcontracts to publicly traded firms.

Risk Flags (1)

  • Budget [LOW RISK]
    ▼

    The award is a cost-plus-fixed-fee, not-competed delivery order under NASA's JPL management office with a performance period through 2028-09-24. With about 82% already outlayed, future funding is limited to the remaining ~$6.7 million unless modified, and NASA science budget priorities could affect any extension.

Opportunities (1)

  • ◆

    The multi-year NASA R&D commitment through 2028 under PSC AR22 (space science applied research) and NAICS 541715 suggests a sustained Earth system science funding line, which could benefit publicly traded subcontractors providing data services, sensors, or analytics to Caltech/JPL if awards are disclosed.

Sector Themes (1)

  • ◆

    The $36,802,451 Caltech delivery order for MEASURES Earth System Data Records, running 2018-10-01 to 2028-09-24 under PSC AR22, indicates a sustained NASA science funding line for Earth system data development.

Watch List (1)

  • 👁

    {"entity" => "California Institute of Technology / NASA JPL", "reason" => "Sole award in this digest: $36,802,451 cost-plus-fixed-fee delivery order with ~$6.7 million remaining and a 2028-09-24 end date.", "trigger" => "Option exercise or modification changing the total obligation or end date; disclosure of subcontract awards to publicly traded firms"}

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