High-Value Federal Grants ($5M+) — February 28, 2026

Austal USA's $1.2B (potential $3.3B) Coast Guard OPC contract dominates, with Granite's $169M border infrastructure adding to DHS commitments totaling ~$1.5B.

Noridian ($407M CMS improper payments), VA firms ($166M+$162M exams/IT), and NYC Health ($78M CDC) highlight $1B+ in multi-year healthcare admin/testing contracts with high outlays in mature awards.

Lockheed Martin's $348M (potential $397M) Lucy mission to 2033 and Booz Allen's $177M (potential $531M) Space Systems support underscore NASA/DOD commitments.

Low outlays vs obligations (e.g., $61M/$1.2B Austal, $0/$177M Booz) in 10/12 contracts signal potential delays over 3-8 year horizons.

Fixed-price structures in shipbuilding/construction (Austal, Granite, Whiting-Turner) expose to cost overruns amid inflation/long durations.

$1.5B+ unexercised options (e.g., Booz Allen $531M potential, Austal $3.3B) across defense/engineering.

Follow-ons in border security (Granite) and improper payments/health (Noridian, Family Health potential $735M).

DHS awards total ~$1.5B for OPCs, border barriers, engineering, signaling sustained Coast Guard/CBP capex.

$1B+ in CMS/VA/CDC contracts focus on payments, exams, IT testing through 2027.

{"entity"=>"Austal Limited", "reason"=>"$1.2B obligation (potential $3.3B) represents 40% of stream value with low $61M outlay.", "trigger"=>"Option exercises or outlay >20% by Q2 2026"}

{"entity"=>"Booz Allen Hamilton", "reason"=>"$177M obligation with $355M options in space engineering to 2028.", "trigger"=>"Performance fees or period extension announcements"}

{"entity"=>"Lockheed Martin", "reason"=>"$348M NASA mission to 2033 with $476M subawards ecosystem.", "trigger"=>"Subaward expansions or funding continuity"}