New Federal Contractors — April 26, 2026

Department of Homeland Security awarded Barnard Construction Company, Incorporated a $1,585,324,926 contract on 2026-04-24, representing the period's highest materiality (8/10) and driving 83% of total obligations.

GSA awarded CGI Federal Inc. (parented by The Timken Company) a $147,239,431 cost-plus award fee delivery order (base + options $289M) for computer systems design under full and open competition, with 53 subawards totaling $87M.

Department of Health and Human Services issued a $168,075,608 grant to Potomac Electric Power Co. on 2014-06-26, a neutral signal with low materiality in this civilian-heavy period.

GSA granted Lockheed Martin Corporation a $6,652,501 firm fixed price delivery order (base + options $7.77M) for F16 networked simulators, a small-scale neutral signal with high pricing risk.

CGI Federal Inc. and Lockheed Martin Corporation awards show $0 outlays to date despite obligations of $147M and $6.65M, signaling potential delays in spending ramp-up.

Lockheed Martin Corporation's $6.65M GSA contract carries high contract risk (pricing) under firm fixed price structure with performance ending 2025-10-31.

CGI Federal Inc. has potential upside to $289M base + options on GSA CDM Defend Group C Bridge Task Order, with low contract risk (pricing).

Barnard Construction Company, Incorporated's $1.59B DHS award offers durable civilian infrastructure exposure post-2026-04-24 award.

GSA issued two IT-focused delivery orders totaling $154M to CGI Federal Inc. ($147M, NAICS 541512, PSC DA01) and Lockheed Martin Corporation ($6.65M, F16 simulators), both under full and open competition with bridge structures.

DHS dominates with $1.585B award to Barnard Construction Company, Incorporated, overshadowing smaller HHS ($168M) and GSA awards.

{"entity"=>"CGI Federal Inc.", "reason"=>"$147M GSA obligation with base + options to $289M and $0 outlays; 53 subawards at $87M indicate subcontracting flows.", "trigger"=>"option exercise toward $289M, outlay ramp-up"}

{"entity"=>"Lockheed Martin Corporation", "reason"=>"$6.65M GSA firm fixed price order for F16 simulators with high pricing risk, $0 outlays, and performance to 2025-10-31.", "trigger"=>"outlay progress from $0, option exercise status"}

{"entity"=>"Barnard Construction Company, Incorporated", "reason"=>"Dominant $1.585B DHS award (83% of period total) with bullish materiality 8/10.", "trigger"=>"DHS execution milestones"}