Executive Summary
The single contract in this period, a $116.2M cost-plus-award-fee delivery order awarded to Booz Allen Hamilton by GSA FEDSIM, is a civilian-sector award (0/1 defense-related) for civil-military support services. The contract carries a neutral signal with a low materiality score of 3/10, primarily due to a negative outlay (-$287K) suggesting minimal revenue recognized to date and potential deobligation of funds.
While the award confirms Booz Allen’s competitive standing in professional support services, the contract type introduces margin uncertainty tied to performance metrics. The key risk is the lack of near-term revenue visibility, as the negative outlay implies limited financial impact through the March 2024 end date. Investors should monitor future outlay data and any modifications to assess revenue recognition and contract execution.
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 18, 2026.
Investment Signals (1)
- Booz Allen Hamilton: $116.2M GSA FEDSIM Award Shows Negative Outlay, Revenue Recognition Uncertain (MEDIUM)▲
The $116.2M cost-plus-award-fee contract has a negative outlay of -$287K, indicating minimal work performed or funding deobligated, which limits near-term financial impact and raises questions about contract execution pace.
Risk Flags (2)
- Execution [MEDIUM RISK]▼
Booz Allen Hamilton’s $116.2M GSA FEDSIM contract shows negative outlay, suggesting slow ramp-up or deobligation of funds, which could delay revenue recognition and margin realization through March 2024.
- Concentration [LOW RISK]▼
This single civilian contract represents 100% of the period's total obligation, with no defense exposure, creating concentration risk in civilian agency spending that may be vulnerable to budget uncertainty or Continuing Resolutions.
Opportunities (1)
- ◆
Booz Allen Hamilton’s competitive win at GSA FEDSIM signals sustained demand for interagency coordination and professional support services, potentially leading to follow-on task orders or extensions if performance metrics are met.
Sector Themes (1)
- ◆
The $116.2M award to Booz Allen Hamilton under GSA FEDSIM underscores steady demand for labor-intensive professional support services across civilian agencies, even as defense spending dominates headlines.
Watch List (2)
- 👁
{"entity"=>"Booz Allen Hamilton", "reason"=>"The $116.2M GSA FEDSIM contract has negative outlay, requiring monitoring for revenue recognition and contract performance.", "trigger"=>"Next quarterly outlay data release or contract modification announcement"}
- 👁
{"entity"=>"GSA FEDSIM", "reason"=>"As the awarding agency, GSA FEDSIM’s budget and procurement priorities will influence follow-on awards and contract extensions.", "trigger"=>"FY2026 budget resolution or Continuing Resolution affecting civilian agency spending"}
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