New Federal Contractors — April 23, 2026

DELL FEDERAL SYSTEMS L.P. awarded $1,590,136,261 defense-related contract from Department of Veterans Affairs, highest materiality (8/10) with bullish signal strength 7/10.

Booz Allen Hamilton Inc. has $244,961,186 obligated (46% or $112,793,511 outlayed) on Time & Materials order for computer systems design from Interior's IBC ACQ SVCS, base + options to $255M.

EMERGENT BIODEFENSE OPERATIONS LANSING LLC secured $211,409,788 firm fixed price (options to $647M, 82% or $173.9M outlayed) non-competed biotech R&D from HHS BARDA.

S.J. AMOROSO CONSTRUCTION CO., LLC won $69,517,876 firm fixed price via full/open competition from VA for West Los Angeles Medical Center boiler plant, performance to 2027.

L3Harris Technologies, Inc. awarded $53,246,425 cost-plus-fixed-fee non-competed from NOAA (Commerce) for space weather C2 development, $22M outlayed to 2026.

Contracts like WHITING-TURNER's $74M DHS Coast Guard air station ($0 outlayed) and S.J. AMOROSO's $70M VA boiler plant expose winners to high pricing risk on firm fixed price structures.

High fixed-price risk on 12 contracts totaling $700M+ (e.g., NW CONSTRUCTION $257M Interior mod, WHITING-TURNER $74M DHS build) with many at $0 outlayed, amplifying performance exposure.

Low outlays on large obligations like JOHNSON CONTROLS $76M DOE ESPC ($0 outlayed, options to $251M to 2033) signal potential CR vulnerability despite long-term structure.

HHS/VA dominate 40%+ of value (Dell $1.59B VA, Emergent $211M HHS) but mostly non-public or small biz recipients limit broad sector upside.

EMERGENT BIODEFENSE options exercise from $211M to $647M HHS BARDA smallpox R&D to 2032 signals biodefense expansion.

BOOZ ALLEN HAMILTON $245M Interior IT order has $112M outlayed with $13M remaining base + options; DOE $40M CYSOC BPA call adds cyber exposure.

MAXIMUS FEDERAL $71M CDC contact center (options to $92M, $46M outlayed) via full/open comp underscores HHS steady demand.

VA and HHS lead with $1.59B Dell VA tech, $70M S.J. Amoroso VA boiler, $211M Emergent HHS biodefense, $71M Maximus CDC contact centers, signaling infrastructure and R&D priorities.

NASA awards to Association of Universities ($179M WFIRST, $143M outlayed) and NOVA SPACE ($52M facilities to 2033); NOAA $53M L3Harris space weather ground segment sustain multi-year funding.

{"entity"=>"Booz Allen Hamilton (BAH)", "reason"=>"Dual awards: $245M Interior IT (46% outlayed) + $40M DOE CYSOC ($31M outlayed, 45% subawards) total $285M exposure.", "trigger"=>"outlay progress beyond $112M/$31M; 2026-09-26 BPA end"}

{"entity"=>"Emergent BioSolutions (EBS)", "reason"=>"$211M HHS BARDA (82% outlayed, options to $647M to 2032) as sole-source biotech R&D.", "trigger"=>"options exercise toward 2028-10-01/2032-08-24"}

{"entity"=>"Lockheed Martin (LMT)", "reason"=>"Minor DHS Coast Guard PAWSS IT awards totaling $2.1M (both $0 outlayed, non-competed).", "trigger"=>"outlay from $0; 2025-09-30 performance end"}

{"entity"=>"VA Construction Firms (S.J. Amoroso, R.E.D.)", "reason"=>"$70M + $40M hospital/infra builds at $0 outlayed, fixed-price to 2027.", "trigger"=>"outlay initiation; 2027 end dates"}