Contract Deobligations Alert — July 16, 2026

L3Harris won a sole-source, firm-fixed-price contract for the FAA's SBS II program, a follow-on to ADS-B surveillance services, with a base obligation of $70.7M and potential total of $913.4M over five years. This signals a strong incumbent position and predictable long-term revenue.

Northrop Grumman received an $80.6M cost-plus-fixed-fee contract from NASA for the Mars Ascent Propulsion System (MAPS), with a sole-source award indicating a proprietary position in critical space propulsion technology.

AT&T secured a $73M firm-fixed-price delivery order under DHS's EIS program for core data services, with potential total of $133M if all options are exercised through 2032. The full-and-open competition win reinforces AT&T's competitive position in federal telecom.

Advanced Space LLC secured a $51.4M firm-fixed-price NASA contract for the CAPSTONE extended mission, with options up to $95.6M. As a small business set-aside, this signals strong NASA confidence in deep space R&D capabilities.

NEXTGEN Federal Systems, a HUBZone small business, received a $53.4M delivery order from GSA FEDSIM with options up to $169.8M for engineering support at Aberdeen Proving Ground. Cost-plus-award-fee pricing reduces downside risk.

Precise Federal Consulting, a small economically disadvantaged women-owned business, secured a $48.8M cost-plus-fixed-fee delivery order from HHS/CMS for an Integrated Surveyor Training Program through 2026. Cost-plus structure ensures predictable margins.

Deloitte Consulting LLP secured a $48.2M delivery order from HUD for digital transformation software development, with options up to $122.6M through 2030. Full-and-open competition win signals competitive strength in federal IT.

The Trevino Group's $48.9M firm-fixed-price VA construction contract has no outlayed funds yet, indicating the project is just beginning. Fixed-price structure on a 2.2-year infrastructure project with electrical, HVAC, and data center work carries high execution risk for this SDVOSB.

AMCOR JV ONE LLC's $58M firm-fixed-price VA EHRM infrastructure construction contract in San Juan, PR runs through February 2028 with no options. Fixed-price construction in Puerto Rico faces weather, supply chain, and labor cost risks.

Smiths Detection's $74.6M sole-source TSA contract for explosive detection systems may face competitive pressure if TSA opens future procurements to other vendors. The non-competitive award signals incumbent strength but also potential protest risk.

Four Points Technology's $62.2M Census Bureau cloud services contract has a potential ceiling of $401.2M, but only $62.2M is obligated. The large gap between obligated and ceiling value creates uncertainty about future revenue, especially under annual appropriations.

Booz Allen Hamilton appears twice in this digest with combined $109.3M in contracts from HHS/CDC and GSA. While not transformative for a $10B revenue firm, any disruption to these contracts could signal broader federal IT spending shifts.

L3Harris's sole-source SBS II contract with the FAA has a potential total of $913.4M over five years. Investors should watch for option exercises that would confirm multi-year revenue visibility and margin stability.

AT&T's $133M DHS EIS contract for core data services, with potential extension to 2032, signals growing federal telecom spending. Option exercises would provide long-term revenue visibility for AT&T's federal segment.

NEXTGEN Federal Systems' $169.8M HUBZone set-aside contract with GSA FEDSIM demonstrates strong government support for small businesses in engineering services. Follow-on HUBZone awards could provide growth for similar firms.

Northrop Grumman's sole-source NASA MAPS contract for Mars ascent propulsion positions the company for follow-on work in deep space exploration. NASA's continued Mars budget prioritization supports long-term growth.

Multiple contracts from HUD ($122.6M Deloitte), DHS ($133M AT&T), and Census Bureau ($401.2M Four Points Technology) indicate sustained federal investment in cloud, telecom, and digital transformation services outside the Department of Defense.

Three of the largest contracts (AMCOR JV ONE LLC $58M, The Trevino Group $48.9M, NEXTGEN Federal Systems $53.4M) are set-asides for SDVOSB, HUBZone, or WOSB firms, highlighting federal policy preferences for small businesses in infrastructure and engineering.

Northrop Grumman ($80.6M MAPS) and Advanced Space ($95.6M CAPSTONE) both received non-competitive or set-aside NASA contracts for deep space propulsion and operations, indicating stable funding for cislunar and Mars exploration programs.

{"entity"=>"L3Harris Technologies, Inc.", "reason"=>"Sole-source SBS II contract with $913.4M potential value is a significant revenue driver for the company's surveillance segment.", "trigger"=>"Option exercise announcements on SBS II contract; FAA budget updates for surveillance services"}

{"entity"=>"AT&T Enterprises, LLC", "reason"=>"DHS EIS contract with $133M potential and extension to 2032 provides long-term telecom revenue visibility.", "trigger"=>"DHS option exercise on core data services contract; federal telecom spending trends"}

{"entity"=>"Northrop Grumman Systems Corporation", "reason"=>"Sole-source NASA MAPS contract reinforces position in space propulsion; follow-on Mars program awards could be material.", "trigger"=>"NASA Mars exploration budget updates; MAPS program milestones and option exercises"}

{"entity"=>"Advanced Space LLC", "reason"=>"Small business set-aside for NASA CAPSTONE extended mission signals growth in deep space R&D; options up to $95.6M.", "trigger"=>"NASA option exercises on CAPSTONE; follow-on contract wins for cislunar missions"}

{"entity"=>"Booz Allen Hamilton Inc", "reason"=>"Two contracts totaling $109.3M from HHS/CDC and GSA indicate steady civilian IT revenue; any disruption could signal broader trends.", "trigger"=>"CDC DCIPHER option exercises; GSA CPIC PMO contract modifications; federal IT budget trends"}