Executive Summary
Two DOE professional services contracts totaling $293,785,850 in obligations highlight sustained civilian agency spending on security studies and IT support, with 0/2 defense-related awards. UNWIN CO's $213.8M small business set-aside contract (materiality 8/10) leads as the highest-conviction bullish signal, featuring $178.6M already outlayed and revenue visibility through April 2026. Bluewater Federal Solutions, Inc.
(Tetra Tech, Inc. subsidiary) adds $80M obligated (potential $96.9M ceiling) in IT services, with $62.8M outlayed through September 2026. Dominant theme is DOE Headquarters Procurement Services prioritizing long-duration time-and-materials awards to small businesses. Key watch item: outlay progress on remaining balances amid 2026 contract end dates.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Tracking the trend? Catch up on the prior Federal Professional Services Contracts digest from April 14, 2026.
Investment Signals (2)
- UNWIN CO Secures $213.8M DOE Security Studies Set-Aside (HIGH)▲
$213,772,540 obligated (base + options $216.1M) with $178.6M outlayed signals strong execution on this small business time-and-materials contract through April 2026, providing ~$35M annual revenue estimate.
- Bluewater Federal Solutions (Tetra Tech) Lands $80M DOE IT Delivery Order (MEDIUM)▲
$80,013,310 obligated (ceiling $96.9M) with $62.8M outlayed under time-and-materials pricing through September 2026 supports $11-14M annual revenue for ongoing IT services.
Risk Flags (2)
- Execution [MEDIUM RISK]▼
Medium pricing risk on time-and-materials structures for UNWIN CO's $213.8M and Bluewater's $80M DOE contracts could lead to cost overruns or scrutiny as outlays approach remaining balances.
- Concentration [MEDIUM RISK]▼
UNWIN CO as a small business relies heavily on this single $213.8M DOE award for revenue through 2026, amplifying execution dependency.
Opportunities (2)
- ◆
UNWIN CO's small business total set-aside secures dedicated $213.8M DOE funding under full and open competition after exclusions.
- ◆
Bluewater Federal Solutions (Tetra Tech) has upside to $96.9M ceiling via options on $80M DOE IT delivery order.
Sector Themes (1)
- ◆
Both contracts to DOE Headquarters Procurement Services feature high outlays ($178.6M for UNWIN CO, $62.8M for Bluewater) on long-term time-and-materials awards through 2026, signaling stable funding for security studies (PSC B546) and engineering/IT services (PSC R499/NAICS 541330).
Watch List (3)
- 👁
{"entity"=>"UNWIN CO", "reason"=>"Remaining $35.1M obligation outlay on $213.8M DOE contract with end date approaching.", "trigger"=>"outlay progress; 2026-04-13 performance completion"}
- 👁
{"entity"=>"Bluewater Federal Solutions, Inc. / Tetra Tech, Inc.", "reason"=>"$16.2M additional outlay needed to hit $80M obligation, plus options to $96.9M ceiling on DOE IT order.", "trigger"=>"options exercise; 2026-09-19 end date"}
- 👁
{"entity"=>"Department of Energy Professional Services", "reason"=>"Cluster of $293.8M in set-aside and delivery order awards to small businesses signals potential for follow-on re-competes.", "trigger"=>"2026 contract completions and re-compete announcements"}
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