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Mega Contracts Monitor ($100M+) — May 04, 2026

Mega Contracts Monitor ($100M+)

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

NASA dominates this $351,035,113 obligation period with a single civilian mega-contract to ALCYON TECHNICAL SERVICES (ATS) JV, LLC, representing 100% civilian exposure (0/1 defense-related). The award funds systems engineering services (NAICS 541712, PSC R425) at Goddard Space Flight Center under an 8(a) competed set-aside, with $246,907,027 outlayed to date and $7,385,356,524 in 2690 subawards.

Highest-conviction signal is neutral (3/10 strength, 2/10 materiality), reflecting steady but low-impact execution on this cost-plus-fixed-fee vehicle ending 2023-11-30. Key risk is monitoring post-contract execution given the 2026 data snapshot and massive subaward volume exceeding the prime obligation by 21x.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Tracking the trend? Catch up on the prior Mega Contracts Monitor ($100M+) digest from May 02, 2026.

Risk Flags (1)

  • Execution [MEDIUM RISK]

    ALCYON TECHNICAL SERVICES (ATS) JV, LLC faces potential execution risk on $351,035,113 NASA Goddard contract, with only $246,907,027 outlayed of obligated funds as of 2026 despite 2023-11-30 end date, amid $7,385,356,524 in 2690 subawards.

Opportunities (1)

  • 8(a) Joint Venture ALCYON TECHNICAL SERVICES (ATS) JV, LLC benefits from SBA Certified 8(a) competed set-aside for NASA systems engineering, signaling policy-favored access for small disadvantaged businesses.

Sector Themes (1)

  • NASA Goddard SFC sustains $351M obligation to ALCYON TECHNICAL SERVICES (ATS) JV, LLC for R&D in physical/engineering sciences (NAICS 541712, PSC R425), with $247M outlayed and $7.38B subawards underscoring long-term mission support.

Watch List (2)

  • 👁

    {"entity"=>"ALCYON TECHNICAL SERVICES (ATS) JV, LLC", "reason"=>"$351,035,113 NASA obligation with $246,907,027 outlayed and $7,385,356,524 subawards across 2690; ~$43M annual revenue est. over 8 years.", "trigger"=>"outlay progress to $351M, subawards execution, re-compete post-2023-11-30"}

  • 👁

    {"entity"=>"NASA Goddard Space Flight Center", "reason"=>"Single $351M systems engineering award under 8(a) set-aside highlights civilian space R&D priorities.", "trigger"=>"budget cycle for extensions or re-competes"}

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