New Federal Contractors — May 01, 2026

Whiting-Turner Contracting Company awarded $400M firm fixed-price delivery order by DHS Coast Guard for barracks and training facilities at Cape May, NJ, with ~4-year performance to 2030-05-06 and full open competition. Represents ~$100M annual revenue estimate despite $0 outlayed to date.

Frequentis USA, Inc. received $110.6M time-and-materials contract from DOT FAA for NAS voice communication systems upgrade, with $25.2M already outlayed since 2025-03-01 and potential extension to 2027-03-31.

Jacobs Engineering Group's CH2M HILL subsidiary awarded $94.7M time-and-materials DHS FEMA delivery order for Hermit's Peak fire recovery, with 93% ($88.1M) outlayed including $64.8M subawards, netting ~$12M annual for prime through 2025-08-15.

Lockheed Martin Services, LLC's $225.3M HHS firm fixed-price IT facilities order past current 2017 end date with $0 outlayed, despite potential extension to 2026-05-29.

High pricing risk on firm fixed-price awards like Whiting-Turner's $400M DHS and Lockheed Martin's $225M HHS contracts, with $0 outlays signaling potential delays or non-performance.

Companion Data Services' $110M HHS CMS IT contract shows only 26% ($28.3M) outlayed over 11.5 years, with end date April 2025 approaching and $21.9M subawards.

Whiting-Turner Contracting Company's $400M DHS Coast Guard construction award under full open competition highlights infrastructure expansion potential.

Jacobs Engineering (J) near-full $88M outlay on $94.7M FEMA disaster recovery positions for follow-on emergency response work.

Frequentis USA's $110M FAA IP VCS modernization offers upside to 2027-03-31 if options exercised post-2026-06-30.

DHS awards $494.7M total, led by Whiting-Turner's $400M Coast Guard construction (firm fixed-price, 4-year term) and Jacobs' $94.7M FEMA recovery (93% outlayed).

HHS obligations $335.5M via Lockheed Martin's $225M (stagnant $0 outlay) and Companion Data's $110M CMS computing (26% outlayed, ends 2025).

DOT FAA's $110.6M non-competed time-and-materials award to Frequentis USA for VCS IP upgrade, with $25M outlayed.

{"entity"=>"Whiting-Turner Contracting Company", "reason"=>"$400M DHS Coast Guard contract at $0 outlayed despite April 2026 award", "trigger"=>"outlay progress and performance milestones to 2030-05-06"}

{"entity"=>"Lockheed Martin Corp (LMT)", "reason"=>"$225M HHS IT past 2017 end with $0 outlayed, potential to 2026", "trigger"=>"performance extensions and option exercises to 2026-05-29"}

{"entity"=>"Jacobs Engineering Group Inc. (J)", "reason"=>"$94.7M FEMA with $6.6M remaining outlay and high subawards ($64.8M)", "trigger"=>"final outlays and closeout by 2025-08-15"}

{"entity"=>"Companion Data Services LLC", "reason"=>"$110M HHS nearing April 2025 end with 74% obligation unoutlayed", "trigger"=>"option exercises to $132M ceiling"}