New Federal Contractors — June 04, 2026

FISHER SAND & GRAVEL CO received a $2.59 billion defense-related contract from DHS, the largest award in the period by a wide margin. The bullish signal (7/10) is driven by sheer size, but the lack of pricing, competition, and revenue data creates ambiguity.

Leidos, Inc. won a $234.9 million firm-fixed-price delivery order from CMS for end-user IT support, with $112M outlayed. Full and open competition signals merit-based win, but the contract is near completion (2018-2023), limiting near-term revenue impact.

NW CONSTRUCTION, INC received a $139.3 million contract modification from the Department of the Interior. The neutral signal (5/10) reflects the lack of pricing, competition, and revenue data, making it a low-conviction event.

SURATECH LLC, a private nonprofit, won a $115.7M cost-plus-award-fee contract to operate the Thomas Jefferson National Accelerator Facility. The neutral signal (4/10) reflects stable DOE funding but limited direct investment implications due to private ownership.

The $2.59B FISHER SAND & GRAVEL CO award represents 84% of total obligation value, creating extreme single-contract concentration. Any protest, budget cut, or execution failure would dominate the portfolio.

Leidos' $234.9M CMS IT services contract is near completion (2018-2023), with only $112M outlayed of $234.9M obligated. Under-execution could signal scope reduction or performance issues, though firm-fixed-price reduces cost risk.

SURATECH LLC's $113.3M DOE contract is cost-plus-award-fee, which limits profit upside but reduces risk. However, DOE budget allocations for nuclear physics could face pressure in a CR environment, threatening renewal after 2031.

Leidos' competitive win at CMS ($234.9M) reinforces its position in civilian IT services. With full and open competition, Leidos demonstrated pricing and capability strength, positioning it for future CMS re-competes or similar HHS contracts.

FISHER SAND & GRAVEL CO's $2.59B DHS award, though opaque, signals potential for similar large-scale infrastructure or logistics contracts from DHS or other civilian agencies. If the company is public or acquired, this could unlock value.

NW CONSTRUCTION, INC's $139.3M Interior modification could be a set-aside (8(a), SDVOSB, HUBZone), though data is missing. If confirmed, it highlights policy-driven opportunities in construction for small businesses at Interior.

The $2.59B DHS award to FISHER SAND & GRAVEL CO, combined with $139.3M Interior construction modification, signals robust civilian infrastructure spending. DHS and Interior are prioritizing large-scale construction and logistics contracts.

SURATECH LLC's $113.3M DOE contract to operate TJNAF underscores stable, long-term funding for government-owned, contractor-operated (GOCO) R&D facilities. This is a recurring theme for DOE national labs.

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{"entity"=>"Leidos, Inc.", "reason"=>"The $234.9M CMS contract is near completion; a re-compete or new award from CMS would signal continued competitive strength in civilian IT services.", "trigger"=>"CMS solicitation for IT support services (expected 2024-2025)"}

{"entity"=>"SURATECH LLC", "reason"=>"The $113.3M DOE contract has no outlays to date; first outlay will confirm execution and funding flow.", "trigger"=>"First obligation outlay in USAspending.gov data"}