Contract Option Exercises — April 30, 2026

Caddell Construction Co. (DE), LLC awarded $328,507,039 firm-fixed-price definitive contract by Department of State for Praia embassy construction, fully obligated with 4-year performance to 2028-11-08 under full and open competition.

Booz Allen Hamilton Inc received $254,534,977 obligation (base + options $256.9M) from NSF for IT services, with $179.6M outlayed to date and performance to 2025-01-15 via full and open competition.

Rapiscan Systems Inc (OSI Systems subsidiary) awarded $81,416,250 firm-fixed-price contract by DHS/CBP for non-intrusive inspection maintenance, $42.7M outlayed with options to $153M and performance to 2027-04-26.

General Atomics Aeronautical Systems Inc's $272,580,354 cost-plus-fixed-fee DHS/CBP UAS services contract shows only $34.3M outlayed against $275.9M base + options, post-2023 performance end.

High firm-fixed-price risk on Caddell Construction's $328.5M State contract and Inmar RX's $100.3M HHS waste disposal with low initial outlays ($0 and $24.7M respectively).

General Atomics' $272.6M DHS UAS contract ended 2023-04-18 with only $34.3M outlayed vs $272.6M obligation, signaling potential non-exercise or delays.

Rapiscan Systems' $81.4M DHS contract carries high firm-fixed-price risk despite $42.7M outlayed.

Booz Allen Hamilton's $254.5M NSF IT order with $179.6M outlayed offers near-term revenue visibility to 2025-01-15.

Rapiscan Systems' $81.4M DHS contract with options to $153M supports OSI Systems border security expansion.

Caddell Construction's fully obligated $328.5M State embassy project provides 4-year revenue to 2028-11-08.

DHS/CBP awards to General Atomics ($272.6M UAS services) and Rapiscan Systems ($81.4M inspection maintenance) highlight ongoing needs in air support and equipment repair.

HHS awards $150.8M to Boston University (BARDA antibacterial R&D) and $100.3M to Inmar RX (ASPR medical waste disposal) with significant subawards and options.

{"entity"=>"Caddell Construction", "reason"=>"$328.5M State contract fully obligated but $0 outlayed to date", "trigger"=>"outlay progress and modifications to 2028-11-08 end"}

{"entity"=>"Booz Allen Hamilton (BAH)", "reason"=>"$254.5M NSF IT order with $179.6M outlayed and options for $2.45M more", "trigger"=>"option exercise status to 2025-01-15"}

{"entity"=>"OSI Systems (OSIS) / Rapiscan", "reason"=>"$81.4M DHS obligation with $42.7M outlayed and $153M ceiling", "trigger"=>"option exercises to 2027-08-26 potential end"}

{"entity"=>"General Atomics", "reason"=>"$272.6M DHS UAS post-2023 end with low $34.3M outlays", "trigger"=>"post-2023-04-18 status or modifications"}