The spacecraft's planned rendezvous with the object located deeper in the Kuiper Belt, known as 2014 MU69, is January 1, 2019.
"The New Horizons mission to Pluto exceeded our expectations and even today the data from the spacecraft continue to surprise," said Jim Green, NASA's Director of Planetary Science.
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Based upon the 2016 Planetary Mission Senior Review Panel report, NASA this week directed nine extended missions to plan for continued operations through fiinancial years 2017 and 2018.
Final decisions on mission extensions are contingent on the outcome of the annual budget process.
In addition to the extension of the New Horizons mission, NASA determined that the Dawn spacecraft should remain at the dwarf planet Ceres, rather than changing course to the main belt asteroid Adeona.
Green noted that NASA relies on the scientific assessment by the Senior Review Panel in making its decision on which extended mission option to approve.
"The long-term monitoring of Ceres, particularly as it gets closer to perihelion - the part of its orbit with the shortest distance to the Sun - has the potential to provide more significant science discoveries than a flyby of Adeona," he said.
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