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Federal IT & Cybersecurity Contracts — April 29, 2026

Federal IT & Cybersecurity Contracts

1 total filings analysed

Executive Summary

The analyzed contracts total $72,032,459 in obligations, representing a fully civilian award with 0/1 defense-related, centered on the Department of State's ACQUISITIONS - AQM MOMENTUM office. IDEMIA NATIONAL SECURITY SOLUTIONS LLC secured a firm fixed price delivery order for facial recognition system integration with visa and passport processes, offering multi-year revenue visibility through 2026-09-29 but with only $18,176,969 outlayed to date. The highest-conviction signal is neutral (6/10 strength), highlighting steady operational support revenue in Federal IT & Cybersecurity without defense exposure. A key risk is high pricing risk on the firm fixed price structure, potentially pressuring margins if costs overrun.

Tracking the trend? Catch up on the prior Federal IT & Cybersecurity Contracts digest from April 26, 2026.

Investment Signals(2)

  • IDEMIA NATIONAL SECURITY SOLUTIONS LLC Secures $72M State Dept Facial Recognition Delivery Order(MEDIUM)

    IDEMIA received a $72,032,459 obligation (ceiling $74,123,399 with options) under full and open competition for FR system integration and support from 2018-09-25 to 2026-09-29, providing ~$9M estimated annual revenue visibility.

  • High Pricing Risk on IDEMIA's $72M Firm Fixed Price Contract(HIGH)

    The firm fixed price structure exposes IDEMIA NATIONAL SECURITY SOLUTIONS LLC to high pricing risk on the $72,032,459 obligation, with only $18,176,969 outlayed to date amid uncertain pacing.

Risk Flags(1)

  • Execution[HIGH RISK]

    High contract pricing risk for IDEMIA NATIONAL SECURITY SOLUTIONS LLC on firm fixed price delivery order from Department of State, with partial $18,176,969 outlay against $72,032,459 obligation.

Opportunities(1)

  • IDEMIA NATIONAL SECURITY SOLUTIONS LLC has potential to reach $74,123,399 ceiling via option exercises on Department of State facial recognition support contract.

Sector Themes(1)

  • IDEMIA NATIONAL SECURITY SOLUTIONS LLC's $72,032,459 delivery order funds FR system integration, operational support, and technology refreshments for State Dept processes through 2026.

Watch List(2)

  • 👁

    {"entity"=>"IDEMIA NATIONAL SECURITY SOLUTIONS LLC", "reason"=>"$72,032,459 State Dept obligation with $18,176,969 outlayed; tracks ~$9M annual revenue pacing", "trigger"=>"Outlay progress beyond $18M, option exercises to $74M ceiling, 2026-09-29 performance end date"}

  • 👁

    {"entity"=>"Federal IT & Cybersecurity", "reason"=>"Civilian facial recognition award signals State Dept priorities in NAICS 541519/PSC 7030", "trigger"=>"Follow-on re-competes post-2026 or budget cycle outlays"}

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