Significant Contract Modifications ($10M+) — April 07, 2026

Peraton's $346,769,435 cost-plus award fee delivery order for computer systems design services, with base + options up to $562,995,039 over 4-5 years to 2027, signals low financial risk and future revenue potential despite $0 outlayed.

Verizon's $264,558,691 fixed-price delivery order for wired telecom services, with $209,394,219 outlayed and options to $552M through potential 2032, demonstrates execution progress on IRS enterprise network continuity.

Rohde & Schwarz's $167,600,706 firm-fixed price delivery order for VCS, with options to $250M through 2028, underscores FAA infrastructure investment despite no competition and $0 outlayed.

Hensel Phelps' $144,045,451 firm-fixed price delivery order for NIH Poolesville facility conversion, with $30,620,007 outlayed early, provides 4+ year revenue in institutional construction.

Lockheed Martin's $69,721,101 firm-fixed price contract for space R&D, with $62,721,101 outlayed nearing 2026 end, reinforces NASA space expertise alignment.

Peraton's $346.8M GSA order and Rohde & Schwarz's $167.6M FAA order have $0 outlayed, signaling future revenue potential but high dependency on execution start.

Firm-fixed price structures on Rohde & Schwarz $167.6M FAA, Hensel Phelps $144M NIH, and Lockheed Martin $69.7M NASA contracts elevate performance pricing risk amid uneven outlays.

Verizon's $264.6M IRS order has $209M outlayed but options to $552M uncertain, tied to 2026 end date extension to 2032.

Peraton's GSA options exercise from $347M to $563M over 5 years to 2027 offers multi-year IT revenue upside.

Verizon's IRS telecom options to $552M and potential extension to 2032 provide long-term enterprise network continuity revenue.

Rohde & Schwarz FAA options to $250M through 2028 signal FAA IT/telecom infrastructure expansion.

GSA's $346.8M Peraton IT systems design and IRS's $264.6M Verizon telecom transition, plus FAA's $167.6M Rohde & Schwarz VCS, evidence multi-year commitments to enterprise IT continuity.

HHS/NIH's $144M Hensel Phelps building conversion and NASA's $69.7M Lockheed cryogenic mission highlight infrastructure and R&D priorities with partial outlays.

{"entity"=>"Peraton Enterprise Solutions LLC", "reason"=>"$346.8M GSA order with $0 outlayed and options to $563M", "trigger"=>"outlay progress and option exercise to 2027"}

{"entity"=>"Verizon Business Network Services LLC (VZ)", "reason"=>"$264.6M IRS order with $209M outlayed and options to $552M", "trigger"=>"outlays beyond $209M and 2026 extension to 2032"}

{"entity"=>"Rohde & Schwarz USA Inc.", "reason"=>"$167.6M FAA firm-fixed order with $0 outlayed starting March 2026", "trigger"=>"performance start March 19, 2026 and options to $250M"}

{"entity"=>"Lockheed Martin Corp (LMT)", "reason"=>"$69.7M NASA contract nearing completion with $7M remaining", "trigger"=>"final outlays by 2026-04-03 end date"}