Executive Summary
Across 12 contracts totaling $1,755,742,802 in obligations from April 09, 2026 data, only 1/12 is defense-related (CACI's GSA network defense award), with the remainder dominated by civilian agencies including GSA, VA, NASA, DHS, Treasury, Commerce, and State. IT services and support emerge as the dominant sector theme, comprising high-materiality awards like CACI's $708M and SALIENT CRGT's $206M. Highest-conviction bullish signal is CACI International Inc's $708M GSA cost-plus award for federal enterprise network defense, offering low-risk multi-year revenue despite negative outlays to date. Key risk is execution on firm-fixed-price contracts like Brasfield & Gorrie's $96M DHS construction award, carrying high pricing risk with $0 outlayed and performance starting 2026-04-20.
Tracking the trend? Catch up on the prior General Federal Contracts digest from April 08, 2026.
Investment Signals(6)
- CACI International Inc Secures $708M GSA Network Defense Delivery Order(HIGH)▲
CACI, INC. - FEDERAL won a $708,253,079 cost-plus award fee delivery order under full and open competition for federal enterprise network defense IT systems (NAICS 541512), with potential to $1.03B including options through 2024-04-30.
- Deloitte Consulting LLP Wins $122M GSA Ginnie Mae Cloud Migration Contract(MEDIUM)▲
Deloitte secured a $121,868,141 time and materials delivery order for IT cybersecurity and cloud migration (NAICS 541512, PSC D310), with base + options up to $206M through potential 2030-09-13.
- Brasfield & Gorrie LLC Lands $96M DHS Coast Guard Base Construction Award(MEDIUM)▲
Brasfield & Gorrie received a $95,538,222 firm fixed price delivery order for USCG Base Charleston utility infrastructure and buildings (NAICS 236220), performing 2026-04-20 to 2029-07-10.
- Deloitte Consulting LLP Captures $80M Treasury Intelligence Analysis BPA Call(MEDIUM)▲
Deloitte won an $80,346,773 firm fixed price BPA call for administrative management consulting (NAICS 541611, PSC B538), with $62.6M outlayed and potential to $101M through 2027-09-20.
- Integral Federal Inc Gains $61M State Department Passport Printer Contract(MEDIUM)▲
Integral Federal secured a $61,037,138 firm fixed price delivery order for next-generation passport printing equipment (NAICS 333244), performing through 2026-06-17.
- Multiple Contracts Show $0 or Negative Outlays Signaling Delayed Execution(HIGH)▲
Awards to Brasfield & Gorrie ($96M DHS), SATSYIL CORP ($62M Commerce), Integral Federal ($61M State), and ATT Mobility ($54M State) have $0 outlayed, while CACI's $708M GSA shows negative $-453K outlay.
Risk Flags(3)
- Execution[HIGH RISK]▼
Firm fixed price structures on SALIENT CRGT's $206M VA IT order, Brasfield & Gorrie's $96M DHS construction, and Integral Federal's $61M State printing carry high pricing risk, with SALIENT at $101M outlayed but others at $0.
- Budget[MEDIUM RISK]▼
CACI's $708M GSA award shows negative $-453K outlay despite high obligation, signaling potential adjustments or delays in a cost-plus structure ending 2024-04-30.
- Concentration[MEDIUM RISK]▼
Deloitte Consulting LLP holds two awards totaling $202M across GSA ($122M) and Treasury ($80M), increasing exposure to federal consulting budget cuts.
Opportunities(3)
- ◆
CACI's $708M GSA IT network defense order has options to $1.03B, while Deloitte's GSA cloud migration has $206M potential through 2030.
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SALIENT CRGT's $206M VA network support has $14M options remaining and $101M outlayed, with end 2026-06-21.
- ◆
HALVIK LLC's $133M NASA 8(a) procurement support has options to $149M through potential 2026-11-30.
Sector Themes(2)
- ◆
High-materiality IT awards to CACI ($708M GSA network defense), SALIENT CRGT ($206M VA infrastructure), Deloitte ($122M GSA cloud), and SATSYIL ($62M Commerce data) total over $1.1B, emphasizing NAICS 541512 systems design across civilian agencies.
- ◆
Brasfield & Gorrie ($96M Coast Guard construction) and partial data on PARAGON PROFESSIONAL SERVICES ($57M) signal DHS buildout, contrasting with IT-heavy peers.
Watch List(5)
- 👁
{"entity"=>"CACI International Inc", "reason"=>"$708M GSA obligation with negative $-453K outlay and 2024-04-30 end date", "trigger"=>"outlay progress vs. obligation; potential extensions"}
- 👁
{"entity"=>"Deloitte Consulting LLP", "reason"=>"Combined $202M obligations across GSA ($122M) and Treasury ($80M) with options to $307M", "trigger"=>"option exercises; 2026-09-13/2026-09-20 ends"}
- 👁
{"entity"=>"Brasfield & Gorrie LLC", "reason"=>"$96M DHS firm fixed price with $0 outlayed, performance starts 2026-04-20", "trigger"=>"initial outlays; milestones to 2029-07-10"}
- 👁
{"entity"=>"SALIENT CRGT INC", "reason"=>"$206M VA with $101M outlayed and subawards exceeding obligation at $269M", "trigger"=>"remaining outlays; option progress to $219M"}
- 👁
{"entity"=>"IT Services Sector", "reason"=>"Dominant in top awards ($1.1B+ across CACI, SALIENT, Deloitte, SATSYIL)", "trigger"=>"GSA/VA budget cycles; CR uncertainty for Oct-Dec awards"}
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