Executive Summary
Two civilian federal professional services contracts totaling $150,688,734 in obligations were analyzed, with 0/2 defense-related, focusing on Department of Energy (DOE) and Securities and Exchange Commission (SEC) awards.
JOHNSON CONTROLS GOVERNMENT SYSTEMS, LLC received the highest materiality award of $75,739,124 from DOE's SC Oak Ridge Office for long-term ESPC at Oak Ridge National Laboratory, while C2 ALASKA, LLC secured $74,949,609 from SEC for IPASS 2.0 support. Both carry neutral signals (avg 4.5/10 strength) due to firm fixed-price structures offering revenue stability but high execution risks, with $0 outlayed on Johnson Controls and $60,436,521 on C2 Alaska. Dominant theme is civilian engineering and consulting services with multi-year horizons to 2033 and 2032. Highest-conviction signal is potential long-term revenue for private entities, but no direct public market exposure. Key risk/watch: Monitor outlays and option exercises amid $0-$60M current spending and high pricing risks.
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Tracking the trend? Catch up on the prior Federal Professional Services Contracts digest from April 21, 2026.
Investment Signals (2)
- JOHNSON CONTROLS GOVERNMENT SYSTEMS, LLC Secures $75.7M DOE ESPC Obligation with $251M Ceiling (LOW)▲
DOE SC Oak Ridge Office awarded $75,739,124 firm fixed price delivery order (base + options $250,977,298) spanning 2008-2033 for engineering services at Oak Ridge National Laboratory, offering ~$3M annual revenue potential despite $0 outlayed to date.
- C2 ALASKA, LLC Wins $74.9M SEC IPASS 2.0 Delivery Order with $178M Ceiling (MEDIUM)▲
SEC awarded $74,949,609 firm fixed price delivery order (base + options $178,167,337) from 2022-2027/2032 for administrative consulting, with $60,436,521 already outlayed signaling active spending (~$16M annual over current period).
Risk Flags (1)
- Execution [HIGH RISK]▼
High fixed-price execution risk on $75.7M JOHNSON CONTROLS GOVERNMENT SYSTEMS, LLC DOE contract with $0 outlayed and 25-year horizon to 2033, plus similar risk on $74.9M C2 ALASKA, LLC SEC award.
Opportunities (2)
- ◆
Long-term option exercises on JOHNSON CONTROLS GOVERNMENT SYSTEMS, LLC $250.9M DOE ceiling through 2033 and C2 ALASKA, LLC $178.2M SEC ceiling to 2032.
- ◆
C2 ALASKA, LLC benefits as 8(a) participant on $74.9M SEC award via full and open competition after exclusions.
Sector Themes (2)
- ◆
DOE SC Oak Ridge $75.7M obligation to JOHNSON CONTROLS GOVERNMENT SYSTEMS, LLC for 25-year firm fixed price ESPC at Oak Ridge National Laboratory under NAICS 541330.
- ◆
$74.9M SEC obligation to C2 ALASKA, LLC (8(a) firm) for IPASS 2.0 under NAICS 541611, with $60.4M outlayed.
Watch List (2)
- 👁
{"entity"=>"JOHNSON CONTROLS GOVERNMENT SYSTEMS, LLC", "reason"=>"$75.7M DOE obligation with $0 outlayed and $251M ceiling potential over 25 years", "trigger"=>"outlay increases, option exercises, performance to 2033-02-28"}
- 👁
{"entity"=>"C2 ALASKA, LLC", "reason"=>"$74.9M SEC obligation with $60.4M outlayed and $178M ceiling to 2032", "trigger"=>"option exercises, outlays vs $74.9M, completion by 2027-01-31"}
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