All NASA Contracts — February 01, 2026

Sole-source contract through June 2026 with $353.7M obligated and $139.4M outlayed ensures predictable cash flows for Lockheed Martin in NASA engineering services.

Subawards of $750.5M exceed prime obligation by 2x, significantly reducing Lockheed Martin's net revenue capture.

Sole-source non-competed award may attract scrutiny, with no indicated follow-on beyond 2026.

$12.3M in exercisable options plus potential HST mission extensions beyond 2026.

Extended non-competed contracts highlight Lockheed Martin's entrenched role in legacy missions like HST.

{"entity"=>"Lockheed Martin Space Division", "reason"=>"Dominant HST exposure with $353.8M at stake and high subaward leakage.", "trigger"=>"Q1 2026 earnings for NASA contract updates or NASA HST extension notices"}

{"entity"=>"NASA HST Program", "reason"=>"Contract nears end-June 2026; follow-on potential critical for sector revenue continuity.", "trigger"=>"Procurement announcements or budget reallocations"}