Contract Deobligations Alert — April 26, 2026

Barnard Construction Company, Incorporated was awarded a $1,585,324,926 contract from Department of Homeland Security on 2026-04-24, representing the highest materiality (8/10) in this civilian-focused batch.

CGI Federal Inc., parented by The Timken Company, received a $147,239,431 cost-plus award fee delivery order from GSA under full and open competition for IT systems design (NAICS 541512), with base + options up to $289,432,406 and 53 subawards totaling $87,482,095.

Potomac Electric Power Co. was awarded a $168,075,608 federal grant from Department of Health and Human Services on 2014-06-26, with neutral signal due to unknown competitive details.

Lockheed Martin Corporation received a $6,652,501 firm fixed price delivery order from GSA for F16 networked simulators (NAICS 541512), with base + options at $7,765,666 but zero outlays to date.

Zero outlays to date on CGI Federal Inc.'s $147M GSA task order (performance to April 30, 2026) and Lockheed Martin Corporation's $6.65M GSA order (to October 31, 2025), signaling potential delays in spending ramp-up.

High contract pricing risk on Lockheed Martin Corporation's $6.65M firm fixed price GSA award, with uncertain annual revenue est. of $3.6M over 1.83 years due to zero outlays.

Barnard Construction Company, Incorporated's $1.59B DHS award offers immediate revenue visibility in civilian construction.

CGI Federal Inc. GSA task order has unexercised options to expand from $147M obligation to $289M ceiling over potential 3-year period to 2027-04-30.

GSA awarded two IT-focused delivery orders totaling $153.9M ($147M to CGI Federal Inc. and $6.65M to Lockheed Martin Corporation) under NAICS 541512 via full and open competition, both with zero outlays and bridge structures.

Department of Homeland Security's $1.59B award to Barnard Construction Company, Incorporated dominates (83% of total obligations), signaling priority on non-defense construction.

{"entity"=>"CGI Federal Inc.", "reason"=>"$147M GSA obligation with $0 outlayed and options to $289M ceiling; 53 subawards at $87M indicate subcontracting dependencies.", "trigger"=>"option exercise progress, outlay ramp-up from May 1, 2024"}

{"entity"=>"Lockheed Martin Corporation", "reason"=>"$6.65M GSA firm fixed price order for F16 simulators with high pricing risk and $0 outlayed across 4 subawards ($134K).", "trigger"=>"outlay progress, option status to $7.77M, completion by 2025-10-31"}

{"entity"=>"Barnard Construction Company, Incorporated", "reason"=>"Dominant $1.59B DHS award (materiality 8/10) but unknown revenue/contract risk details.", "trigger"=>"post-award outlay confirmation"}