Federal IT & Cybersecurity Contracts — January 22, 2026

Two awards totaling $1.01B obligated ($774M VA, $227M GSA) with $143M options provide multi-year revenue through 2026, re-obligating funds for sustained execution.

Three contracts ($558M GSA AI, $156M VA, $31M JV data analytics) with $535M+ options and 2031 potential end signal transformation/AI revenue growth.

Four VA awards ($1.48B total, 48% of stream) to CGI, TISTA, Booz Allen JV emphasize systems design/data support through 2026-2031.

Six GSA orders ($1.33B, 43% of total) for cyber/AI/enterprise support to Booz Allen, GDIT, CGI through 2026-2029 highlight steady fedsim pipeline.

Unexercised options average 25% uplift (e.g., GDIT $290M, Thunderyard JV $245M) could add $1B+ revenue if exercised by 2026-2029.

High subawards (avg. $60M, up to $196M/37M exceeding obligations) erode net retention across 12/14 contracts.

Pricing exposures: firm fixed (40% awards) risks overruns; T&M/cost-plus (60%) face audits/fees; $0/- outlays in 6 awards signal delays.

Private/small biz dominance (8/14, incl. SDVOB set-asides) limits public equity upside despite $500M+ value.

Option exercises/extensions add $1B+ (e.g., $290M GDIT, $245M BAH JV to 2031) amid VA/GSA IT sustainment needs.

AI/cyber focus (BAH JAIC, CGI DEFEND F) aligns with fed priorities, potential follow-ons post-2025/26.

SDVOB/small biz wins (TISTA $518M, Thunderyard JV $276M ceiling) via set-asides offer M&A targets for primes.

$1.48B (48%) in VA awards for systems design/data ops through 2031, favoring incumbents/SDVOB.

$1.33B GSA vehicle awards emphasize cyber/AI/enterprise sustainment to 2029.

Avg. 25% obligations subcontracted, with extremes >100%, signaling partner dependencies.

{"entity"=>"CGI Federal Inc.", "reason"=>"$1B+ backlog anchors fed IT exposure through 2026.", "trigger"=>"outlay acceleration >$400M, new VA awards"}

{"entity"=>"Booz Allen Hamilton Holding Corp", "reason"=>"$756M+ wins + JV $276M ceiling boost AI/cyber pipeline.", "trigger"=>"JV option exercises, 10-Q backlog growth"}

{"entity"=>"General Dynamics Corp (IT)", "reason"=>"$371M GSA obligation with $290M options to 2029 for EPA IT.", "trigger"=>"subaward execution, option funding"}

{"entity"=>"TISTA Science and Technology Corp", "reason"=>"$518M VA ceiling as SDVOB signals M&A potential.", "trigger"=>"strategic buyer interest, follow-on VA wins"}

{"entity"=>"VA Technology Acquisition Center NJ", "reason"=>"Dispensed $1.48B (48% total), highest concentration.", "trigger"=>"Q1 FY2026 pipeline releases"}