Executive Summary
DOE obligated $62,754,697,061 across 3 contracts in the May 09, 2026 period, all civilian with 0/3 defense-related. The portfolio is dominated by two massive, longstanding national laboratory management contracts to REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE ($35.3B) and LOS ALAMOS NATIONAL SECURITY LLC ($27.4B), delivering the highest-conviction bullish signals (7/10 strength, 8/10 materiality) for durable DOE lab operations revenue.
WASEYABEK FEDERAL SERVICES, L.L.C. received a smaller $36.2M 8(a) set-aside for facilities support, neutral amid fixed-price risks. Overall theme underscores DOE's reliance on established lab operators for ~99.9% of value. Key watch: Waseyabek options exercise toward $80.1M ceiling and outlay growth beyond $19.2M.
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Tracking the trend? Catch up on the prior All DOE Contracts digest from May 08, 2026.
Investment Signals (3)
- REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE Secures $35.3B DOE Lab Management Contract (HIGH)▲
REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE was awarded a $35,295,689,219 contract by Department of Energy, active since 1978-09-30, signaling long-term stability in national lab operations.
- LOS ALAMOS NATIONAL SECURITY LLC Wins $27.4B DOE Contract (HIGH)▲
LOS ALAMOS NATIONAL SECURITY LLC received a $27,422,768,630 defense-labeled but civilian DOE contract since 2005-12-21, reinforcing entrenched position in lab security and management.
- WASEYABEK FEDERAL SERVICES, L.L.C. Faces Execution Risks on $36.2M Fixed-Price Contract (MEDIUM)▲
WASEYABEK FEDERAL SERVICES, L.L.C.'s $36,239,211 firm-fixed-price 8(a) set-aside for DOE facilities support carries high pricing risk, with $19.2M outlayed to date over 2025-05-23 to 2027-08-31 period.
Risk Flags (2)
- Execution [HIGH RISK]▼
High contract pricing risk for WASEYABEK FEDERAL SERVICES, L.L.C. on $36.2M firm-fixed-price DOE facilities support at NETL Morgantown, WV, due to housekeeping/operations scope (PSC S216).
- Concentration [MEDIUM RISK]▼
99.9% of $62.75B DOE obligations concentrated in two aging contracts to REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE (1978) and LOS ALAMOS NATIONAL SECURITY LLC (2005), vulnerable to future re-competes.
Opportunities (2)
- ◆
WASEYABEK FEDERAL SERVICES, L.L.C. 8(a) competed set-aside provides $36.2M base ($80.1M ceiling) revenue visibility for tribally-owned small disadvantaged business in DOE facilities support.
- ◆
Longstanding DOE lab management contracts to REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE ($35.3B) and LOS ALAMOS NATIONAL SECURITY LLC ($27.4B) offer sustained civilian revenue amid DOE priorities.
Sector Themes (2)
- ◆
REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE ($35.3B since 1978) and LOS ALAMOS NATIONAL SECURITY LLC ($27.4B since 2005) capture 99.9% of obligations, highlighting entrenched operators for DOE lab operations.
- ◆
WASEYABEK FEDERAL SERVICES, L.L.C. $36.2M 8(a) award for NETL facilities (NAICS 561210) signals policy-driven small business priorities in DOE operations.
Watch List (3)
- 👁
{"entity"=>"WASEYABEK FEDERAL SERVICES, L.L.C.", "reason"=>"$36.2M DOE contract with $80.1M options ceiling and $19.2M outlayed; fixed-price risks in facilities support.", "trigger"=>"Options exercise, outlay increases, 2027-08-31 performance end"}
- 👁
{"entity"=>"REGENTS OF THE UNIVERSITY OF CALIFORNIA, THE", "reason"=>"$35.3B DOE lab management contract since 1978 comprises 56% of portfolio.", "trigger"=>"Re-compete announcement or NDAA lab funding provisions"}
- 👁
{"entity"=>"LOS ALAMOS NATIONAL SECURITY LLC", "reason"=>"$27.4B DOE contract since 2005 represents 44% of obligations.", "trigger"=>"Re-compete announcement or budget cycle continuity"}
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