Federal IT & Cybersecurity Contracts — January 28, 2026

CACI secures $1.14B (64% of total) in multi-year GSA/DHS IT systems deals ending 2026, with $362M unobligated options signaling backlog growth.

VA awards $396M to Oracle and Accenture for EHR optimization and ITSM, fully obligating Oracle's $300M through 2027-2029 potential.

$1.07B across CACI and Deloitte underscores GSA's priority on competed systems design through 2026-2028.

FFP structure in 83% of contracts ($1.49B) exposes primes to cost overruns over 2-4 year periods; low outlays ($0-$136M vs. obligations) flag funding delays.

High subawards (avg. 30% of value, peaks at $392M/82%) reduce prime retention and add supply chain dependencies.

$500M+ in unobligated options (e.g., CACI $362M, Deloitte $71M) plus extensions to 2028 provide backlog conversion potential.

Phase 1 WCOSS2 supercomputing ($115M) signals NOAA follow-ons in data center IT amid Fed cloud push.

83% of value under NAICS 541512 for EHR, ITSM, and operations support, with full/open competition favoring non-small primes.

VA/GSA/DHS/Commerce prioritize multi-year IT through 2028, but $0-$26M early outlays highlight ramp uncertainties.

{"entity"=>"CACI International", "reason"=>"Largest exposure at $1.14B with $362M options and 569 subawards; negative outlay flags billing scrutiny.", "trigger"=>"Outlay >$200M in next quarter or option exercises"}

{"entity"=>"VA Technology Acquisition Center", "reason"=>"$396M in recent/non-competed awards signal pipeline for EHR/ITSM primes.", "trigger"=>"Follow-on T4NG or EHRM task orders >$100M"}

{"entity"=>"Firm Fixed Price Outlays", "reason"=>"Low disbursements across $1.49B FFP value risk delayed revenue.", "trigger"=>"Aggregate outlays exceed 30% of obligations"}