Executive Summary
Iron Vine Security LLC's $64.4M DoS obligation (24.7M outlayed) for IT security compliance provides backlog visibility through 2026-09-29, with $21M in unexercised options and potential 2027 extension to $85.5M total. Neutral signal reflects steady federal demand balanced by T&M execution risks and partial outlays. Institutional investors in gov IT services should track option exercises for revenue upside amid small business set-aside trends.
Tracking the trend? Catch up on the prior Significant Contract Modifications ($10M+) digest from January 01, 2026.
Investment Signals(1)
- DoS IT Security Backlog Expansion(HIGH)▲
$64.4M obligation with $24.7M outlayed under BPA call supports multi-year revenue; options add $21M potential.
Risk Flags(2)
- Execution[HIGH RISK]▼
T&M structure ties revenue to approved hours; $24.7M outlay vs $64.4M obligation signals potential underutilization if options unexercised.
- Market[MEDIUM RISK]▼
Extended period to 2026-09-29 (potentially 2027) vulnerable to funding shifts or task variability.
Opportunities(2)
- ◆
$21M unexercised options and 1-year extension potential lift total value to $85.5M.
- ◆
Small business set-aside in NAICS 541519 positions for follow-on IT security contracts.
Sector Themes(1)
- ◆
Large BPA call to small business underscores federal priority on compliance services under PSC R497.
Watch List(2)
- 👁
{"entity"=>"Iron Vine Security LLC", "reason"=>"64.4M obligation with 21M options offers leverage to outlay growth.", "trigger"=>"Outlays exceeding 40M or option exercises"}
- 👁
{"entity"=>"DoS ACQUISITIONS - AQM MOMENTUM", "reason"=>"Manages high-value IT security BPA; single mod signals potential pipeline.", "trigger"=>"Additional >10M modifications or new awards"}
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