All NASA Contracts — January 24, 2026

Raytheon (RTX subsidiary) leads with $252M obligation (potential $275M incl. options) for EOSDIS EED-3 at Goddard, 84% outlayed, signaling reliable revenue through 2026.

All three contracts hold unexercised options (RTX $23M, Caltech $50M, UA $8M), trackable for exercise amid ongoing performance into 2027.

Extended performance to 2026-2027 (RTX to Jul 2026, Caltech to Sep 2026, UA to Mar 2027) with partial outlays exposes to delays, award fees, and cost overruns.

High subawards (RTX $16M across 78) and cost-plus structures may inflate costs, limiting margins on remaining ~$190M unoutlayed value.

$81M in unexercised options across contracts could boost obligations by 14% on average if exercised.

Ongoing JPL/nonprofit ties (Caltech $209M) position space R&D providers for repeat non-competitive awards.

Contracts emphasize IT evolution (EOSDIS EED-3) and multi-mission ops (AMMOS), with $461M (78%) in data/R&D services extending into 2027.

16-year OSIRIS-REx span (UA) and JPL delivery orders highlight NASA's preference for extended nonprofit/academic partnerships.

{"entity"=>"RTX Corp (Raytheon EOSDIS EED-3)", "reason"=>"$63M remaining obligation + $23M options represent 14% upside by Jul 2026.", "trigger"=>"Option exercise or outlay acceleration >20% QoQ"}

{"entity"=>"OSIRIS-REx Mission (UA)", "reason"=>"$79M unoutlayed + $8M options through 2027 signal potential sample return milestones.", "trigger"=>"Funding mods or delays announced by NASA"}