Executive Summary
The four contracts represent $1,379,719,154 in total obligations, all civilian with zero defense awards. Dominant themes are large-scale IT modernization at the Department of Veterans Affairs and Department of the Treasury alongside infrastructure work for the Department of State.
Highest-conviction signal is the $316,242,190 firm-fixed-price delivery order to Lancer Information Solutions, LLC for Treasury Salesforce services, supported by $231.9M already outlayed. Oracle Health Government Services, Inc. holds the second-largest award at $502,408,524 for VA EHRM licenses with no outlays to date. Key risk centers on $0 outlays across the $1.05B combined obligations to BL Harbert International LLC and Oracle despite full funding and long performance periods through 2029 and 2027.
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Tracking the trend? Catch up on the prior Contract Deobligations Alert digest from May 15, 2026.
Investment Signals (2)
- Lancer Information Solutions wins $316M Treasury Salesforce delivery order (HIGH)▲
Lancer Information Solutions, LLC received a firm-fixed-price delivery order with $316,242,190 total obligation and $502,256,577 base-plus-options value; $231,887,389 has already been outlayed against the 2025-01-31 award.
- Oracle Health $502M VA EHRM award shows zero outlays (MEDIUM)▲
Oracle Health Government Services, Inc. holds a $502,408,524 firm-fixed-price delivery order from the Department of Veterans Affairs with full obligation but $0 outlayed as of the latest data through potential end date 2027-05-16.
Risk Flags (1)
- Execution [HIGH RISK]▼
Zero outlays recorded on the $544,658,997 Department of State contract to BL Harbert International LLC and the $502,408,524 VA contract to Oracle despite full obligations and multi-year periods ending 2029 and 2027.
Opportunities (1)
- ◆
Lancer Information Solutions, LLC captured a $316M Salesforce IT services task order from Treasury Departmental Offices with potential extension to 2028-04-14 and $231.9M already outlayed.
Sector Themes (1)
- ◆
Two of the four contracts totaling $818M support IT modernization, including Oracle's $502M VA EHRM licenses and Lancer's $316M Treasury Salesforce services under NAICS 541512 and 541519.
Watch List (2)
- 👁
{"entity"=>"Oracle Health Government Services, Inc.", "reason"=>"$502M VA EHRM firm-fixed-price delivery order with $0 outlayed to date", "trigger"=>"VA Technology Acquisition Center outlay updates or 2027-05-16 end date modifications"}
- 👁
{"entity"=>"BL Harbert International LLC", "reason"=>"$544M Department of State NEC Kinshasa contract with $0 outlayed and 68 subawards", "trigger"=>"Quarterly outlay reporting or economic price adjustment modifications"}
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