Contract Deobligations Alert — May 01, 2026

Whiting-Turner Contracting Company secured a $400M firm fixed-price delivery order from DHS Coast Guard for design-build construction at USCG TRACEN Cape May, NJ, spanning 2026-2030 with full and open competition and $0 outlayed to date, signaling ~$100M annual revenue potential.

Frequentis USA, Inc. received a $110.6M time-and-materials contract from DOT FAA for NAS VCS upgrade to IP systems (NAICS 334210), with $25.2M already outlayed since March 2025 and performance through potential 2027 end, indicating $40-55M annual revenue.

CH2M HILL - CDM PA-TAC RECOVERY SERVICES (Jacobs Engineering Group Inc.) has $88.1M outlayed of $94.7M DHS FEMA time-and-materials delivery order for Hermit Peak fire claims support (2023-2025), netting ~$12M annual for prime after $64.8M subawards.

Lockheed Martin Services, LLC (Lockheed Martin Corp) holds $225.3M firm fixed-price HHS delivery order for ADP facility management since 2009, with potential end 2026-05-29 but $0 outlayed and past current end (2017), flagging option exercise potential.

Whiting-Turner $400M, Lockheed Martin Services $225M, and Lockheed Martin $446k show $0 outlayed despite total obligations comprising 53% of the $941M aggregate, raising deobligation risk in firm fixed-price structures.

High pricing risk on firm fixed-price contracts like Whiting-Turner $400M DHS Coast Guard and Lockheed Martin Services $225M HHS, with $0 outlays signaling potential delays or deobligations amid no historical outlay data.

Partial outlays on HHS contracts (Companion Data Services $28.3M of $110.2M; Lockheed Martin Services $0 of $225M) indicate steady but uncertain CMS/IT spend through 2025-2026 ends.

Whiting-Turner Contracting Company's $400M DHS Coast Guard construction offers ~$100M annual revenue over 4 years starting 2026, with full and open competition win signaling infrastructure expansion.

Frequentis USA $110.6M FAA modernization provides revenue visibility to 2027-03-31, building on $25.2M outlays for IP VCS upgrades.

Jacobs Engineering Group Inc. (CH2M HILL) nears completion of $94.7M FEMA with only $6.6M remaining outlays by 2025-08-15, positioning for follow-on disaster recovery work.

DHS leads with $494.7M (Whiting-Turner $400M Coast Guard construction + CH2M HILL/Jacobs $94.7M FEMA fire claims), emphasizing firm fixed-price and time-materials for facilities and emergency consulting.

DOT FAA's $110.6M Frequentis USA award for VCS IP upgrade (25% outlayed) alongside HHS IT contracts (Lockheed Martin Services $225M, Companion $110M) signal steady civilian tech refresh.

{"entity"=>"Whiting-Turner Contracting Company", "reason"=>"$400M DHS Coast Guard obligation with $0 outlayed since 2026-04-29 award", "trigger"=>"outlay progress initiation, milestones to 2030-05-06"}

{"entity"=>"Lockheed Martin Corp", "reason"=>"Dual civilian wins ($225M HHS + $446k NOAA) both at $0 outlayed, testing backlog conversion", "trigger"=>"HHS option exercises to 2026-05-29, NOAA outlays from 2026-04-29"}

{"entity"=>"Frequentis USA, Inc.", "reason"=>"$110.6M FAA contract with $25.2M outlayed, potential extension to 2027-03-31", "trigger"=>"outlay acceleration beyond $25.2M, achievement of 2026-06-30 current end"}

{"entity"=>"Jacobs Engineering Group Inc.", "reason"=>"$94.7M FEMA nears end with $6.6M remaining outlays by 2025-08-15", "trigger"=>"final disbursements, post-contract modifications"}