DOE Energy & National Labs Contracts — December 31, 2025

Provides predictable multi-year revenue through 2029 for high-energy physics R&D under NAICS 541715.

Award fees contingent on GOCO management performance at FNAL.

5-year term vulnerable to DOE budget cuts or congressional delays.

$7.4M embedded in base + options ($1.97B total); follow-on contracts post-2029 likely.

Massive $1.96B nonprofit award for FNAL highlights DOE priority on accelerator science infrastructure.

{"entity"=>"FERMI FORWARD DISCOVERY GROUP, LLC", "reason"=>"$1.96B revenue anchor with $595M outlayed; sole focus of period's contract activity.", "trigger"=>"Options exercise notices or performance shortfalls"}

{"entity"=>"DOE Energy Sciences Budget", "reason"=>"Drives FNAL contract viability over 5-year horizon.", "trigger"=>"<5% YoY funding growth or rescissions"}