All HHS Contracts — June 20, 2026

Booz Allen Hamilton secured a $144.2M firm-fixed-price delivery order from CMS for the PERM program, with $92.7M already outlayed, providing long-term revenue visibility and signaling continued trust in its program evaluation capabilities.

The contract is firm-fixed-price, meaning Booz Allen bears cost overrun risk; margin realization depends on efficient delivery of PERM program evaluation services.

CMS's PERM program funding is subject to annual appropriations; a Continuing Resolution or budget cuts could delay or reduce task order values, especially in Q4 FY2026.

Although won via full and open competition, the contract's long duration (9 years) may attract protests from losing bidders, potentially delaying execution.

Booz Allen's win in CMS program evaluation positions it for follow-on work in HHS data analytics and program integrity, a growing civilian priority.

With $92.7M already outlayed, the contract has strong execution momentum, reducing near-term revenue risk and supporting steady cash flows.

The $142.9M CMS PERM award to Booz Allen demonstrates consistent federal investment in program evaluation and fraud prevention, even amid broader budget uncertainty.

{"entity"=>"Booz Allen Hamilton Inc.", "reason"=>"This $142.9M contract provides multi-year revenue visibility but carries fixed-price execution risk.", "trigger"=>"FY2027 HHS budget release or CR enactment affecting CMS program integrity funding"}

{"entity"=>"CMS PERM Program", "reason"=>"Future task orders under this IDIQ could expand Booz Allen's scope or attract competitors.", "trigger"=>"Re-compete announcement or new task order awards"}