General Federal Contracts — October 17, 2026

The firm fixed-price ICE transportation award has only about 26% of its ceiling obligated and $0 outlayed, so future option exercises drive most value. Execution risk sits with the contractor under fixed-price terms.

With 82% of the obligation already outlayed ($23,001,710) and a potential end of 2028-12-31, the order offers multi-year revenue runway. Seasonal, incident-driven demand and undisclosed margins temper the read.

A firm fixed-price delivery order runs to 2028-12-31 with $20.1M already outlayed, adding a second airtanker revenue stream alongside Coulson. Recipient is a private small LLC with no disclosed public parent.

Obligations reach $47,581,167 against a $96,403,028 base-plus-options ceiling, with $39,810,825 outlayed, so most remaining value depends on option exercise. Fixed-price terms shift cost-overrun risk to the contractor.

Only about 41% of the $42,435,754 ceiling is obligated and $7,110,464 is outlayed, with fixed-price terms placing cost overrun risk on the contractor. Public status is unknown.

The very low burn rate against a 2024-10-14 end date signals potential execution or scope issues on the GSA automation and robotics award. The award is to a nonprofit, so no direct equity exposure exists.

A firm fixed-price construction award runs to 2028-05-30 with full obligation and $0 outlayed, giving backlog visibility but no realized revenue yet. Open competition with no set-aside indicates a won-on-merit position.

A firm fixed-price Clarksburg, WV award is well progressed with $16,435,675 disbursed and $8.6M in subawards, indicating active delivery. Public status of the small business recipient is not disclosed.

The firm fixed-price call is a modest award relative to the parent's scale, and materiality to General Dynamics Corp cannot be confirmed from the data. Outlays of $0 mean no revenue is yet recognized.

A cost-plus-fixed-fee sole-source award runs to 2028-09-30 with about 51% of obligation disbursed, reflecting sustained NASA JPL support. The nonprofit recipient offers no investable equity.

GardaWorld Federal Services' ICE transportation contract shows $0 outlayed against a $100.5M obligation, with fixed-price terms and value heavily contingent on option exercise through 2030.

Multiple awards carry large unexercised option value (Triple Canopy, GardaWorld, Coulson, AERO AIR), so revenue depends on continued appropriations and agency decisions to exercise options.

University of Dayton's GSA engineering delivery order has only $16,925 outlayed against $18,424,820 with a 2024-10-14 end date, signaling possible delivery or billing delays.

Set-aside designations are inconsistent with competition type on KING STREET TECHNOLOGY PARTNERS' VA award (SDVOSB set-aside listed with full and open competition), an apparent data inconsistency to verify.

Several awards depend on fixed-price terms for labor- or aviation-intensive work, concentrating cost-overrun exposure on contractors like ARBOR E & T and NASA support providers.

Exercising remaining options on the Forest Service airtanker orders would add roughly $20.0M each for Coulson Aviation and AERO AIR, extending revenue into 2028.

Option exercises on GardaWorld's $382.3M ICE transportation ceiling represent the largest potential value expansion in this set.

Small business and SDVOSB set-asides on VA and DHS awards (BLUEWAY ONE JV, King Street Technology Partners, Red River Science & Technology) reinforce protected-market demand for qualifying firms.

GSA facilities awards to Murnane and BURCHICK point to ongoing federal building repair and construction spending.

Large DHS awards to GardaWorld ($100.5M) and Triple Canopy ($47.6M) reflect continued federal spending on detention transportation and facility protection.

Forest Service airtanker orders to Coulson Aviation ($28.0M) and AERO AIR ($24.5M) show sustained multi-year demand for fire suppression aviation.

GSA and VA awards for building repair, alteration, and boiler replacement ($32.9M, $29.0M, $48.9M) indicate steady federal facilities investment.

DOL Job Corps operating awards to Management & Training Corp ($79.1M) and ARBOR E & T ($17.6M) show continued funding for vocational center operations.

{"entity" => "GardaWorld Federal Services LLC", "reason" => "Only $100.5M of a $382.3M ceiling is obligated with $0 outlayed; value depends on option exercise.", "trigger" => "First outlay reporting after 2026-09-01 and option exercise decisions"}

{"entity" => "Coulson Aviation (USA), Inc.", "reason" => "82% outlayed with roughly $20.0M unobligated option value and a 2026-12-31 current end date.", "trigger" => "Option exercise before 2026-12-31 and Forest Service fire-season funding"}

{"entity" => "Triple Canopy Inc", "reason" => "About half of the $96.4M ceiling obligated; fixed-price guard work through 2028-02-29.", "trigger" => "DHS FPS option exercises and quarterly outlay progression"}

{"entity" => "University of Dayton", "reason" => "Only $16,925 outlayed against $18.4M with a 2024-10-14 end date.", "trigger" => "Modification, extension, or follow-on award from GSA FAS Region 5"}

{"entity" => "ARBOR E & T LLC", "reason" => "High pricing risk on a fixed-price Job Corps operations award with 41% of ceiling obligated.", "trigger" => "Option exercise and any cure notice or termination action"}