All NASA Contracts — January 07, 2026

ASRC and Northrop hold $18M+ in unexercised options, with $56M+ already outlayed signaling strong execution momentum.

Planet Labs secures full $13.5M CSDA task order under open competition, validating EO tasking demand.

$190.6M in JPL delivery orders (77% outlayed) underscore reliable planetary science support but limited equity upside as nonprofit.

ASRC's small disadvantaged status drives $59.7M facilities win, positioning for future NASA IT/telecom set-asides.

Long 7-10 year periods expose Caltech contracts to funding shifts; ASRC/Planet face FFP margin pressure.

ASRC's $17.5M across 71 subawards risks delays; Northrop/Planet at $0-10M outlay early-stage vulnerability.

Cost-plus-fixed-fee limits profit upside for Caltech/Northrop amid oversight.

$17.9M options exercise potential for ASRC/Northrop, plus $24.6M Caltech remainder.

Follow-ons in planetary instruments, Helioswarm, CSDA satellite tasking.

8(a)/small biz set-asides favor ASRC-like players in NASA IT/facilities.

Caltech/JPL awards total $190.6M for instruments/asteroid research to 2028.

Bullish mix of facilities (ASRC), Helioswarm R&D (Northrop), satellite data (Planet).

{"entity"=>"ASRC Federal System Solutions", "reason"=>"$17.9M options + 8(a) status for future set-asides amid $56M outlay progress.", "trigger"=>"Options exercise or new NASA IT awards"}

{"entity"=>"Planet Labs Federal", "reason"=>"$13.5M CSDA entry with $0 outlay; validates commercial sat data trend.", "trigger"=>"2025 Q4 performance start and outlays"}

{"entity"=>"Northrop Grumman Systems", "reason"=>"$3.4M options in Helioswarm; $10.5M outlay on short 17-month contract.", "trigger"=>"Options funding or program extensions"}

{"entity"=>"Caltech/JPL Ecosystem", "reason"=>"67% value concentration with $110M+ remaining drawdown to 2028.", "trigger"=>"Funding shifts in NASA Science Mission Directorate budgets"}