Executive Summary
The analyzed contracts total $72,032,459 in obligations, representing a fully civilian award with 0/1 defense-related, centered on the Department of State's ACQUISITIONS - AQM MOMENTUM office.
IDEMIA NATIONAL SECURITY SOLUTIONS LLC secured a firm fixed price delivery order for facial recognition system integration with visa and passport processes, offering multi-year revenue visibility through 2026-09-29 but with only $18,176,969 outlayed to date. The highest-conviction signal is neutral (6/10 strength), highlighting steady operational support revenue in Federal IT & Cybersecurity without defense exposure. A key risk is high pricing risk on the firm fixed price structure, potentially pressuring margins if costs overrun.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Tracking the trend? Catch up on the prior Federal IT & Cybersecurity Contracts digest from April 26, 2026.
Investment Signals (2)
- IDEMIA NATIONAL SECURITY SOLUTIONS LLC Secures $72M State Dept Facial Recognition Delivery Order (MEDIUM)▲
IDEMIA received a $72,032,459 obligation (ceiling $74,123,399 with options) under full and open competition for FR system integration and support from 2018-09-25 to 2026-09-29, providing ~$9M estimated annual revenue visibility.
- High Pricing Risk on IDEMIA's $72M Firm Fixed Price Contract (HIGH)▲
The firm fixed price structure exposes IDEMIA NATIONAL SECURITY SOLUTIONS LLC to high pricing risk on the $72,032,459 obligation, with only $18,176,969 outlayed to date amid uncertain pacing.
Risk Flags (1)
- Execution [HIGH RISK]▼
High contract pricing risk for IDEMIA NATIONAL SECURITY SOLUTIONS LLC on firm fixed price delivery order from Department of State, with partial $18,176,969 outlay against $72,032,459 obligation.
Opportunities (1)
- ◆
IDEMIA NATIONAL SECURITY SOLUTIONS LLC has potential to reach $74,123,399 ceiling via option exercises on Department of State facial recognition support contract.
Sector Themes (1)
- ◆
IDEMIA NATIONAL SECURITY SOLUTIONS LLC's $72,032,459 delivery order funds FR system integration, operational support, and technology refreshments for State Dept processes through 2026.
Watch List (2)
- 👁
{"entity"=>"IDEMIA NATIONAL SECURITY SOLUTIONS LLC", "reason"=>"$72,032,459 State Dept obligation with $18,176,969 outlayed; tracks ~$9M annual revenue pacing", "trigger"=>"Outlay progress beyond $18M, option exercises to $74M ceiling, 2026-09-29 performance end date"}
- 👁
{"entity"=>"Federal IT & Cybersecurity", "reason"=>"Civilian facial recognition award signals State Dept priorities in NAICS 541519/PSC 7030", "trigger"=>"Follow-on re-competes post-2026 or budget cycle outlays"}
Get daily alerts with 2 investment signals, 1 risk alerts, 1 opportunities and full AI analysis of all 1 filings
$30/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.
More from: Federal IT & Cybersecurity Contracts
🇺🇸 More from United States
View all →May 27, 2026
US Pre-Market SEC Filings Roundup — May 27, 2026
US Pre-Market SEC Filings Roundup
May 27, 2026
S&P 500 Technology Sector SEC Filings — May 27, 2026
S&P 500 Technology Sector SEC Filings
May 27, 2026
Orphan Drug Approvals — May 27, 2026
Orphan Drug Approvals
May 27, 2026
Big Pharma Approvals — May 27, 2026
Big Pharma Approvals