NASA Awards Caltech Five-Year JPL Contract NASA

NASA has awarded the California Institute of Technology a new five-year contract to manage the Jet Propulsion Laboratory. It is estimated the contract will cover more than $8 billion worth of work. The contract extends for five years the JPL agreement between Caltech and NASA for management of JPL beyond its current expiration date of Sept. 30, 2003. The NASA contract includes a new provision that, based on performance reviews, may extend the contract period of performance for up to an additional five years.