General Federal Contracts — March 05, 2026

$2.87B obligation (43% of total) for external tanks underscores entrenched position despite 2013 end date.

General Matter's $900M DOE award for domestic HALEU UF6 production over 10 years signals priority on nuclear supply chain.

$1.0B+ across Optum ($724M VA), General Dynamics ($146M CMS), Deloitte ($152M NIH/VA) for managed care and hosting.

Palantir ($145M DHS), Leidos ($123M GSA Army), ManTech ($270M GSA) with $86M+ outlays indicate repeatable framework wins.

$741M across Hamilton Sundstrand, Amentum, DynCorp ended 2004-2011 with $0 outlays, limiting current impact.

$0 outlayed in 12/19 contracts (e.g., Lockheed $2.87B, Pernix $365M) signals funding delays or data lags.

Firm fixed price in 10 contracts (e.g., Optum $724M, Palantir $145M) exposes to cost overruns/inflation over 5-25yr terms.

High subawards > obligation in 3 cases (e.g., Leidos $134M subs on $123M, SES $70M on $85M) pressure prime margins.

Legacy contracts ended 2004-2014 (4 total, $3.41B) with no extensions risk data inaccuracies or completion.

$3B+ unexercised options (e.g., ManTech $507M GSA, Leidos $208M, General Dynamics $331M CMS) for 2-5x obligation upside.

Long-term extensions to 2031-2041 (e.g., Ameresco 2041 energy savings, General Dynamics 2031 CMS hosting).

HALEU/domestic supply chain ($900M + $235M options) positions for nuclear renaissance follow-ons.

CBP/State construction/aircraft (Pernix $365M consulate, SES $85M aircraft) for multi-year diplomatic/security builds.

$3.41B NASA awards (51% total) mostly pre-2006 but non-competitive to primes signal sustained if outdated support.

$1.09B HHS/VA (16%) in managed care/hosting with 70%+ outlays in active ones.

$900M HALEU sole recent award amid 10yr DOE commitment.

GSA/State/DHS $1.2B+ with 8-25yr terms for repairs, networks, energy retrofits.

{"entity"=>"Lockheed Martin", "reason"=>"$2.87B (43%) with $0 outlay/2013 end requires validation.", "trigger"=>"outlay >$100M or extension filing"}

{"entity"=>"General Matter", "reason"=>"$900M small biz HALEU award, 10yr revenue ramp.", "trigger"=>"first $100M outlay or IPO filing"}

{"entity"=>"ManTech / Leidos", "reason"=>"$739M combined GSA IT/eng with $600M+ options.", "trigger"=>"50% option exercise"}

{"entity"=>"Ameresco", "reason"=>"$73M obligated to $174M potential thru 2041 energy ESPC.", "trigger"=>"initial outlays or GSA energy center expansions"}