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General Federal Contracts — May 05, 2026

General Federal Contracts

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

The single contract analyzed totals $242,713,808 in obligations to FCN, INC. from the Department of the Treasury's IRS, representing a 100% civilian award with no defense exposure. Dominant theme is IRS IT Strategy and Modernization, highlighted by FCN's full and open competition win for Broadcom software licenses and maintenance under a firm fixed price delivery order.

Highest-conviction bullish signal is FCN's strong execution with $240,260,396 already outlayed on the $242M obligation, signaling rapid progress toward the November 30, 2026 current end date. Key watch item is option exercises that could expand to $454,642,987 total potential, alongside high pricing risk inherent in the firm fixed price structure.

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Tracking the trend? Catch up on the prior General Federal Contracts digest from May 04, 2026.

Investment Signals (1)

  • FCN, INC. Secures $242.7M IRS Broadcom Software Maintenance Order (MEDIUM)

    Woman-owned small business FCN, INC. won a $242,713,808 firm fixed price delivery order from IRS IT Strategy and Modernization via full and open competition, with $240,260,396 already outlayed since December 2022 start, indicating strong execution on IT application support services (PSC DA01). Potential ceiling reaches $454,642,987 including options through November 2029.

Risk Flags (1)

  • Execution [HIGH RISK]

    High pricing risk on FCN, INC.'s $242.7M firm fixed price delivery order from IRS, as rapid $240M outlays signal performance pressure ahead of November 30, 2026 current end date.

Opportunities (1)

  • FCN, INC. has $212M in unexercised options on $242.7M IRS Broadcom software maintenance order, potentially extending to November 30, 2029.

Sector Themes (1)

  • FCN, INC.'s $242.7M award for Broadcom software licenses and maintenance (NAICS 541519, PSC DA01) underscores IRS focus on IT application development support, with nearly full $240M outlay on a 4-year period.

Watch List (1)

  • 👁

    {"entity"=>"FCN, INC.", "reason"=>"$242.7M IRS order with $240M outlayed and $454M potential, signaling execution strength but high firm fixed price risk.", "trigger"=>"option exercise notifications; outlay progress beyond $240M; current end date compliance (Nov 30, 2026)"}

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