Contract Option Exercises — May 01, 2026

$400M firm fixed price delivery order for barracks and training facilities at USCG TRACEN Cape May, NJ, under full competition, projecting ~$100M annual revenue over ~4 years to 2030-05-06 despite $0 outlays.

$110.6M time and materials contract for NAS VCS upgrade to IP systems, non-competed with $25.2M already outlayed since 2025-03-01, estimating $40-55M annual revenue through 2027-03-31.

$94.7M time and materials delivery order for Hermit's Peak fire claims support, 93% outlayed ($88.1M) with $64.8M subawards netting ~$12M annual for prime over ~2.5 years to 2025-08-15.

$225M firm fixed price HHS delivery order for ADP facility management ended 2017-09-30 (current) with potential to 2026-05-29, but $0 outlayed flags execution delays despite ~17-year span.

High pricing risk on firm-fixed contracts like Whiting-Turner $400M DHS and Lockheed Martin Services $225M HHS, with $0 outlays signaling delayed revenue recognition.

Past/current end dates on Companion Data Services $110M HHS CMS IT contract (to 2025-04-30) and Lockheed Martin Services $225M HHS (2017-09-30 current end) with partial/low outlays ($28M/26% on Companion) amid CR vulnerability.

Whiting-Turner $400M DHS Coast Guard construction signals infrastructure expansion in non-defense homeland security.

Frequentis USA $110.6M FAA VCS modernization offers revenue visibility in NAS upgrades.

Jacobs Engineering $94.7M FEMA claims processing confirms disaster recovery spending with 93% outlayed.

Whiting-Turner $400M Coast Guard construction and Jacobs $94.7M FEMA fire claims (93% outlayed) highlight DHS prioritizing facilities and emergency response.

Frequentis USA $110.6M FAA VCS IP upgrade ($25M outlayed) alongside neutral HHS IT awards to Lockheed Martin Services $225M and Companion Data $110M signal steady civilian tech spend.

{"entity"=>"Whiting-Turner Contracting Company", "reason"=>"$400M DHS obligation with $0 outlays requires tracking for revenue realization over 4 years.", "trigger"=>"outlay progress from $0; milestones to 2030-05-06"}

{"entity"=>"Lockheed Martin Corp", "reason"=>"Multiple civilian awards ($225M HHS + $446K NOAA) both at $0 outlays signal diversification risks.", "trigger"=>"outlayed amounts; HHS extension beyond 2017-09-30 to 2026-05-29"}

{"entity"=>"Frequentis USA, Inc.", "reason"=>"$110.6M FAA with $25M outlayed poised for near-term acceleration.", "trigger"=>"outlay beyond $25.2M; current end 2026-06-30 or to 2027-03-31"}

{"entity"=>"Jacobs Engineering Group Inc.", "reason"=>"$94.7M FEMA nearly fully outlayed ($88M), watch closeout.", "trigger"=>"remaining $6.6M outlays; 2025-08-15 end date"}