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All HHS Contracts — May 09, 2026

All HHS Contracts

By Gunpowder Editorial ·

3 total filings analysed

Executive Summary

Three HHS contracts totaling $281,273,974 in obligations represent purely civilian exposure (0/3 defense-related), with Centers for Medicare and Medicaid Services (CMS) dominating via a $187,483,561 award to General Dynamics Information Technology, Inc. The highest-conviction signal is bullish for General Dynamics, offering ~$62M annual revenue visibility from its cost-plus-fixed-fee engineering services delivery order (ceiling $305,807,800) through 2027-2029.

CDC's $50,984,061 facilities support order to Four Seasons Environmental Inc. (ceiling $252,189,966 to 2030) and FDA's $42,806,352 BPA call to REI Systems, Inc. (ceiling $75,856,494 to 2028) are neutral amid low outlays ($9.5M and $11.6M respectively). Dominant theme is HHS healthcare agency support in engineering, facilities, and IT programming. Key risk is slow outlay pacing and unexercised options across all contracts, with Four Seasons facing high firm-fixed-price execution risk.

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Tracking the trend? Catch up on the prior All HHS Contracts digest from May 08, 2026.

Investment Signals (3)

  • General Dynamics IT Secures $187M CMS Engineering Services Order (MEDIUM)

    General Dynamics Information Technology, Inc. received a $187,483,561 obligation (ceiling $305,807,800) cost-plus-fixed-fee delivery order from CMS for Benefits Coordination & Recovery Center engineering services (NAICS 541330), with $108,161,182 outlayed and performance through 2027-2029.

  • Four Seasons Environmental Wins $51M CDC Facilities Order with $252M Upside (LOW)

    Four Seasons Environmental Inc. (small business) secured a $50,984,061 firm-fixed-price delivery order from CDC for Atlanta facilities support (NAICS 561210), with $9,526,427 outlayed and options to $252,189,966 through 2030.

  • REI Systems Lands $43M FDA IT Programming BPA Call (LOW)

    REI Systems, Inc. (small disadvantaged business) awarded $42,806,352 obligation (ceiling $75,856,494) labor hours BPA call from FDA for custom programming (NAICS 541511), with $11,613,896 outlayed through potential 2028.

Risk Flags (3)

  • Execution [HIGH RISK]

    Four Seasons Environmental Inc. faces high firm-fixed-price risk on $50,984,061 CDC facilities order with only $9,526,427 outlayed to date amid 2025-2030 performance period.

  • Budget [MEDIUM RISK]

    General Dynamics IT has $124,375,231 in subawards on $187,483,561 CMS order, potentially eroding prime revenue retention despite $108M outlayed.

  • Execution [MEDIUM RISK]

    REI Systems, Inc. shows medium labor hours pricing risk on $42,806,352 FDA BPA call with only $11,613,896 outlayed and $8,849,836 in subawards.

Opportunities (3)

  • General Dynamics IT option exercises on $187M CMS order could add ~$118M to reach $305M ceiling through 2029.

  • Four Seasons Environmental Inc. facilities order options to $252M ceiling extendable to 2030 from CDC.

  • REI Systems, Inc. FDA BPA call options to $75M ceiling through 2028 for IT programming support.

Sector Themes (1)

  • CMS, CDC, and FDA awarded $281M across engineering services (General Dynamics IT $187M), facilities support (Four Seasons $51M), and custom programming (REI Systems $43M), all under full and open competition with significant option ceilings.

Watch List (3)

  • 👁

    {"entity"=>"General Dynamics Corp (GD)", "reason"=>"$187M CMS order with $108M outlayed but $124M subawards; track revenue retention.", "trigger"=>"Option exercises to $305M ceiling post-2027-05-08"}

  • 👁

    {"entity"=>"Four Seasons Environmental Inc.", "reason"=>"$51M CDC order with only $9.5M outlayed under high-risk firm-fixed-price structure.", "trigger"=>"Outlay progress and option decisions toward 2026 end/2030 potential"}

  • 👁

    {"entity"=>"REI Systems, Inc.", "reason"=>"$43M FDA BPA with $11.6M outlayed and subawards; uncertain ~$14M annual revenue.", "trigger"=>"Outlay increases and extensions past 2026-10-30"}

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