Contract Option Exercises — April 25, 2026

L3Harris Technologies Integrated Systems L.P. secured $151.9M firm fixed price through 2024 for aircraft modification, with $119M net retention post-$32.7M subawards, providing ~$18M annual revenue visibility.

Whiting-Turner Contracting Company won $137.8M firm fixed price delivery order for CERCLA cleanup and waterfront work supporting Polar Security Cutters, implying ~$38M annual over 3.6 years.

Veterans EZ Info Inc. landed $117.3M obligation (ceiling $158.4M) SDVOSB set-aside delivery order with $31.7M already outlayed, offering ~$23M annual through potential 2030 extension.

Leidos Inc. advanced to $74.5M obligation ($57M outlayed) labor hours delivery order for NHLBI ARPA-H IT, with ceiling to $100M, adding ~$24.8M annual through 2026.

Leidos Inc. has $65.4M outlayed of $84.1M firm fixed price for NIH OCSE systems O&M through 2026, with ~$17.7M annual recognition in mature execution phase.

Birdon America Inc. awarded $83.9M firm fixed price for WLR 1801 vessel build, implying ~$30.4M annual over 2.75 years in ship repair (NAICS 336611).

J.E. Dunn Construction's $151.5M firm fixed price for Denver FDA lab shows minimal $678K outlay early in 6-year term, flagging slow ramp-up risk.

High fixed-price risk on $1.1B+ (e.g., L3Harris $151.9M, Whiting-Turner $137.8M, Hensel Phelps $127.6M) with low/no outlays on Coast Guard/DHS awards ($413.7M total obligation at $0 outlayed).

VA Medline $77.6M one-month medical supplies obligation at $0 outlayed post-performance start, vulnerable to short-term funding shifts.

Full and open competition on all awards leaves Leidos $158.7M HHS IT exposed to 2026 re-competes.

DHS Coast Guard infrastructure via Whiting-Turner $137.8M Seattle base and Birdon $83.9M vessel, tied to Polar Security Cutters homeporting.

Veterans EZ Info $117.3M SDVOSB set-aside VA DevSecOps with $158M ceiling through potential 2030.

Leidos combined $158.7M HHS/NIH IT obligations with $122.4M outlayed, potential to $200M+ ceilings.

Three awards totaling $373.6M (L3Harris $151.9M aircraft, Whiting-Turner $137.8M cleanup, Birdon $83.9M vessel) signal base expansions for Polar Security Cutters through 2029.

$366.3M across Hensel Phelps $127.6M construction ($37M outlayed), Leidos $158.7M IT ($122M outlayed), Skyward $80M CMS data systems.

$194.9M via Veterans EZ Info $117.3M DevSecOps ($31.7M outlayed) and Medline $77.6M medical prime vendor.

{"entity"=>"L3Harris Technologies, Inc. (LHX)", "reason"=>"$151.9M Coast Guard C-130 at $0 outlayed through 2024-01-31", "trigger"=>"outlay progress and post-2024 follow-ons"}

{"entity"=>"Leidos Holdings, Inc. (LDOS)", "reason"=>"Combined $158.7M HHS IT with $122M outlayed, ceilings to $200M+", "trigger"=>"option exercises and 2026 performance ends"}

{"entity"=>"DHS Coast Guard contractors (Whiting-Turner, Birdon)", "reason"=>"$221.7M infrastructure at $0 outlayed", "trigger"=>"outlay ramp-up and 2029 milestones"}

{"entity"=>"J.E. Dunn Construction Company", "reason"=>"$151.5M GSA FDA lab with only $678K outlayed early-stage", "trigger"=>"option status toward $158.6M total"}