BLOG / 🇺🇸 United States · · daily

All HHS Contracts — June 18, 2026

All HHS Contracts

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

This digest covers a single $120.25 million firm-fixed-price delivery order from BARDA (HHS) to Advanced Technology International, a nonprofit, for health R&D services. The contract is entirely civilian, with zero defense-related exposure, and carries a neutral signal strength of 5/10.

While the multi-year award through 2028 and $39.86 million already outlayed suggest stable funding, the fixed-price structure on R&D work introduces execution risk. The highest-conviction signal is the lack of competitive moat or set-aside, making this a routine, non-differentiating award for investors. Key watch item is the nonprofit's ability to manage fixed-price R&D risk and any follow-on task orders.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Tracking the trend? Catch up on the prior All HHS Contracts digest from June 17, 2026.

Investment Signals (1)

  • Fixed-Price R&D Execution Risk at Advanced Technology International (MEDIUM)

    The $120.25 million firm-fixed-price delivery order from BARDA places cost overrun risk on the nonprofit recipient for health R&D services, which typically have uncertain cost trajectories.

Risk Flags (2)

  • Execution [MEDIUM RISK]

    Fixed-price structure on R&D services (NAICS 541714) exposes Advanced Technology International to potential cost overruns, as R&D often involves unpredictable expenses.

  • Concentration [LOW RISK]

    Single contract represents 100% of the digest's total obligation, with no diversification across other HHS recipients or agencies.

Opportunities (1)

  • The multi-year BARDA award through 2028 provides a stable, predictable revenue stream for Advanced Technology International, with $39.86 million already outlayed, indicating ongoing performance.

Sector Themes (1)

  • The single $120.25 million award to a nonprofit under full-and-open competition reflects routine, non-competitive HHS/BARDA procurement for health R&D services, with no set-aside or sole-source signal.

Watch List (2)

  • 👁

    {"entity"=>"Advanced Technology International", "reason"=>"Nonprofit recipient of a $120.25 million fixed-price R&D contract; financial health and execution capability are key.", "trigger"=>"Any modifications, extensions, or additional task orders under this delivery order"}

  • 👁

    {"entity"=>"HHS/BARDA", "reason"=>"Agency's continued spending on health R&D and potential follow-on contracts.", "trigger"=>"New BARDA contract announcements or budget allocations for health R&D"}

Get daily alerts with 1 investment signals, 2 risk alerts, 1 opportunities and full AI analysis of all 1 filings

$30/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.

More from: All HHS Contracts

🇺🇸 More from United States

View all →