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High-Value Federal Grants ($5M+) — May 05, 2026

High-Value Federal Grants ($5M+)

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

A single high-value federal grant totaling $242,713,808 was analyzed, representing 0 defense-related and 1 civilian award, dominated by the Department of the Treasury's IRS IT Strategy and Modernization office.

FCN, INC., a woman-owned small business, secured this full and open competition firm fixed price delivery order for Broadcom software license and maintenance services, with $240,260,396 already outlayed toward a $454,642,987 ceiling including options. The highest-conviction bullish signal is FCN's strong execution on this nearly fully obligated 4-year contract (Dec 2022-Nov 2026), signaling competitive strength in IRS IT modernization. Key watch item is progress beyond $240M outlays and compliance with the November 30, 2026 end date, amid high pricing risk on the firm fixed price structure.

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Tracking the trend? Catch up on the prior High-Value Federal Grants ($5M+) digest from May 04, 2026.

Investment Signals (1)

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

    FCN, INC. was awarded a $242,713,808 firm fixed price delivery order (potential $454,642,987 with options) by IRS IT Strategy and Modernization on December 7, 2022, with $240,260,396 already outlayed, demonstrating rapid execution on a 4-year performance period ending November 30, 2026.

Risk Flags (1)

  • Execution [HIGH RISK]

    High pricing risk on FCN, INC.'s firm fixed price $242.7M IRS delivery order, where nearly full $240M outlays indicate performance pressure remains through November 30, 2026 end date.

Opportunities (1)

  • FCN, INC. has unexercised options lifting ceiling to $454,642,987 on IRS Broadcom software maintenance delivery order.

Sector Themes (1)

  • Department of the Treasury's IRS awarded FCN, INC. a $242.7M firm fixed price delivery order (NAICS 541519, PSC DA01) for Broadcom software licenses and maintenance, with $240M outlayed since December 2022.

Watch List (1)

  • 👁

    {"entity"=>"FCN, INC.", "reason"=>"$242.7M IRS delivery order with $240M outlayed and options to $454M ceiling; woman-owned small business full/open win signals execution strength.", "trigger"=>"option exercise notifications, outlay progress beyond $240M, current end date compliance (Nov 30, 2026)"}

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