New Federal Contractors — April 16, 2026

$449M total obligation (potential $500M with options) with $290M outlaid through option year three on cost-plus fixed fee contract ending 2024-05-31 signals strong execution and revenue visibility for aircraft repair services.

$326M firm fixed price obligation (potential $494M) with $272M outlaid for preventive maintenance of ventilators/PAPR systems through 2026-08-27 (potential 2028) underscores competitive win in health preparedness.

$279M cost-plus fixed fee obligation (potential $810M) with $160M outlaid including $64M subawards over 5-year term to 2027-12-18 provides long-term civilian revenue stream.

$149M DOD award signals entry into defense construction amid sole listed defense obligation in this civilian-heavy batch.

$620M time and materials obligation (potential $844M) with only $191M outlaid over 6.5 years ending 2024-05-09 reflects steady but slowing revenue without extension signals.

$107M firm fixed price obligation with $86M outlaid through 2026-04-15 demonstrates high cash realization on full and open competition win.

$100M firm fixed price obligation (potential $172M) with $77M outlaid to small business for space vehicle services through 2028-08-09.

Firm fixed price structures on Agiliti Health ($327M HHS), DLH ($107M NIH), Amentum ($227M NASA), Axiom ($100M NASA), California Dairies ($71M USDA), and North Wind ($67M DOE) expose contractors to performance cost overruns.

Maturing contracts like CGI Federal ($620M State, ends 2024-05-09), AAR ($449M State, ends 2024-05-31), and Amentum ($227M NASA, ends 2026-04-12) face recompete uncertainty with no extensions indicated.

Dept of State concentration at $1.07B (CGI $620M + AAR $449M) heightens exposure to diplomatic budget shifts.

Option exercises on ABT Global ($279M USAID to potential $810M), Agiliti ($327M HHS to $494M), Axiom ($100M NASA to $172M), and Amentum ($227M NASA to $252M) could add $700M+ upside.

DLH ($107M to $112M options) and GD Information Technology ($66M to $71M) IT contracts offer near-term outlay acceleration on high execution ($86M/$47M outlaid).

Skanska USA Civil Northeast's $149M DOD win as sole defense award positions for follow-on construction.

HHS awards to Agiliti Health ($327M ventilators/PAPR maintenance, $272M outlaid) and DLH ($107M NIH IT, $86M outlaid) highlight sustained demand for medical equipment and health IT services through 2026-2028.

$1.07B combined to CGI Federal ($620M passport IT, ends 2024) and AAR ($449M aviation, $290M outlaid, ends 2024) under full competition signals ongoing diplomatic support needs.

Amentum ($227M facilities maintenance to 2026) and Axiom ($100M EVA demo to 2028, $77M outlaid) provide long-duration civilian space exposure.

{"entity"=>"CGI Federal Inc.", "reason"=>"$620M State contract ends 2024-05-09 with only $191M outlaid; recompete risk.", "trigger"=>"recompete announcement post-2024-05-09"}

{"entity"=>"AAR Government Services, Inc.", "reason"=>"$449M State aviation order ends 2024-05-31; $290M outlaid, monitor extensions.", "trigger"=>"contract modifications or extensions beyond 2024-05-31"}

{"entity"=>"Agiliti Health Inc.", "reason"=>"$327M HHS obligation with $272M outlaid; options to $494M and extension to 2028-02-27.", "trigger"=>"option exercises and 2026-08-27 performance review"}

{"entity"=>"ABT Global LLC", "reason"=>"$279M USAID to potential $810M; $160M outlaid through 2027-12-18.", "trigger"=>"future option exercises"}

{"entity"=>"SKANSKA USA CIVIL NORTHEAST INC.", "reason"=>"Sole $149M DOD award; track for defense pipeline expansion.", "trigger"=>"DOD follow-on announcements"}