High-Value Federal Grants ($5M+) — January 24, 2026

RTX, General Dynamics, and Honeywell capture $711M (62% of total) in long-duration contracts, with $358M already outlayed signaling revenue visibility through 2028.

RTX's $252M EOSDIS IT win anchors NASA commitments totaling $594M, with 84% outlayed across awards indicating steady execution.

Caltech and U. Arizona secure $342M in NASA space R&D (30% of total), but nonprofit status limits public equity upside.

Long performance periods (avg. to 2027) and firm fixed price in 50% of contracts ($551M) expose contractors to cost overruns and delays.

Zero outlays in $239M General Dynamics contract despite 5-year term signals potential funding delays.

$80M+ in unexercised options across RTX ($23M), Caltech ($50M), and U. Arizona ($8M) contracts.

Small disadvantaged business NW Construction's $92M win positions for follow-ons in DOI infrastructure.

$214M remaining outlays across portfolio, concentrated in FAA ($93M) and General Dynamics ($239M).

NASA awards comprise 52% ($594M) focused on IT, R&D, and missions through 2027.

Coast Guard ($239M) and FAA ($220M) contracts emphasize multi-year IT/facility upgrades.

{"entity"=>"RTX (Raytheon NASA EOSDIS)", "reason"=>"$252M with $23M options and 84% outlayed; key space IT exposure.", "trigger"=>"2026 option exercise or extension mod"}

{"entity"=>"General Dynamics (Coast Guard R21)", "reason"=>"$239M fully funded but $0 outlayed signals delay risk/opportunity.", "trigger"=>"First outlay >$10M or contract modification"}

{"entity"=>"NASA JPL pipeline (Caltech)", "reason"=>"$209M non-competitive R&D with $50M options; proxy for future awards.", "trigger"=>"New JPL delivery orders >$100M"}