Federal IT & Cybersecurity Contracts — May 21, 2026

Peraton's $95.1 million delivery order (with options up to $118.7 million) for CMS's Fraud Prevention System 2 provides a stable, recurring revenue stream through June 2026-2027 in a high-priority, politically supported area of healthcare fraud prevention.

GDIT's $1.25 billion ceiling EMITS 2 contract from GSA provides a long-term revenue stream through 2033, with the $70.6 million initial obligation reducing near-term execution risk due to cost-plus-award-fee pricing.

SOFTRAMS LLC's $80.7 million firm-fixed-price contract with CMS ends August 3, 2024, with no options beyond that date, creating a potential revenue cliff if not renewed or recompeted. Only $52.5 million of the $80.7 million has been outlayed to date.

71% of total obligations ($175.7M of $246.4M) are concentrated at CMS, creating agency-specific budget risk if healthcare IT funding is cut or redirected.

SOFTRAMS LLC's $80.7 million firm-fixed-price contract shifts cost risk to the contractor, particularly in labor-intensive IT services where wage inflation could compress margins.

Peraton's $95.1 million time-and-materials contract introduces cost risk if CMS funding for fraud prevention is reduced or if the contract is not fully funded through options.

Peraton Inc. has a clear path to expand its $95.1 million CMS fraud prevention contract through options worth up to $118.7 million, signaling potential revenue growth in healthcare IT.

SOFTRAMS LLC's HUBZone set-aside contract positions it for follow-on work at CMS or other agencies, as policy priorities favor small, minority-owned firms in federal IT.

GDIT's $1.25 billion EMITS 2 contract ceiling provides a long-term growth runway through 2033, with option exercises potentially increasing annual revenue from $70.6 million to $168-209 million per year.

Two of three contracts ($175.7M total) are with CMS for fraud prevention and IT operations, indicating sustained federal investment in healthcare IT modernization and program integrity.

GDIT's $1.25 billion EMITS 2 contract underscores GSA's role as a major buyer of enterprise IT management support, with cost-plus pricing reducing contractor risk.

{"entity"=>"SOFTRAMS LLC", "reason"=>"Contract expires August 3, 2024, with $52.5M of $80.7M already outlayed; renewal or recompetition outcome is critical.", "trigger"=>"Contract renewal announcement or recompetition solicitation before August 2024"}

{"entity"=>"Peraton Inc.", "reason"=>"$95.1M CMS fraud prevention contract has options up to $118.7M; option exercises signal revenue growth.", "trigger"=>"Option exercise announcements by CMS through June 2027"}

{"entity"=>"General Dynamics Information Technology", "reason"=>"$1.25B EMITS 2 ceiling with only $70.6M obligated; incremental funding and option exercises drive revenue.", "trigger"=>"Quarterly funding obligation announcements and option exercise dates"}