New Federal Contractors — March 29, 2026

Carahsoft ($465M) and Leidos ($234M) secure major CMS/NIH obligations with $493M outlayed, fully committing through 2029 for verification and COVID research.

IdeMia ($204M passport services to 2027) and NISA ($84M PBGC investments to 2027) provide fully obligated revenue streams via non-competitive and competitive awards.

Family Endeavors fully outlays $347M ORR facility contract but nonprofit status and T&M pricing temper scalability amid $3.3B option potential.

Firm fixed price structures across 60% of value ($1B+) expose margins to cost overruns; IdeMia shows $0 outlay despite 2017 award signaling delays.

Extended periods to 2029 (Leidos) vulnerable to federal budget shifts; nonprofit limits returns for Family Endeavors.

$5.8B in unexercised options (Carahsoft $1.6B, Family $3B) across IT/health facilities warrant position sizing for expansion.

HHS focus on verification/R&D ($699M) signals sustained fed health outsourcing; remaining $205M outlays provide near-term cashflow.

53% of obligations to HHS for software publishing (NAICS 511210) and R&D (541715), with $494M outlayed signaling execution momentum.

80% of contracts extend 2+ years (to 2027-2029), prioritizing stability over short-term wins.

{"entity"=>"Carahsoft Technology Corp", "reason"=>"Largest obligation ($465M) with $1.6B options; $337M outlayed shows progress.", "trigger"=>"Option exercises pushing toward $2B ceiling"}

{"entity"=>"Family Endeavors Inc", "reason"=>"Full $347M outlay but $3.3B options in nonprofit facilities support.", "trigger"=>"T&M adjustments or extension to 2025-11"}

{"entity"=>"IdeMia National Security Solutions LLC", "reason"=>"$204M obligation with $0 outlay signals potential delays in passport services.", "trigger"=>"Initial outlays or mods indicating ramp-up"}