New Federal Contractors — July 31, 2026

This cost-plus-fixed-fee contract provides nearly a decade of recurring revenue (2017-2026) with low pricing risk, supporting stable margins for a small, woman-owned, Hispanic American-owned business.

The 2009-2016 contract for USCIS National Benefits Center records support is fully completed with $0 outlayed, indicating no current revenue contribution and potential loss of a significant past revenue stream.

The cost-plus award fee contract ends September 2021 with only $125.4 million outlayed so far, limiting near-term revenue recognition and margin upside for PAE-Parsons.

The cost-plus-fixed-fee contract from NASA Ames Research Center ended March 2021, providing no current revenue stream but demonstrating past competitive edge in small business set-aside R&D services.

All four contracts are civilian agency awards (DOE, DHS, NASA, NIH) with zero defense exposure, creating sector concentration risk for investors focused on defense-heavy portfolios.

Three of four contracts (DOE, DHS, NASA) are completed or near-expiration, meaning the $1.07B total obligation may not translate to current revenue for investors.

All contracts were awarded under full and open competition with no set-asides (except Millennium's small business set-aside), indicating mature, competitive markets with limited pricing power.

Technical Resources International's $173.3M NIH contract through 2026 provides a stable, long-term revenue base for a small business, with potential for follow-on awards in clinical research operations.

Millennium Engineering's $202.6M NASA contract demonstrates the value of small business set-asides in R&D services, suggesting potential for similar awards as the company maintains its small business status.

DOE's continued investment in Hanford site cleanup creates potential for follow-on contracts for PAE-Parsons beyond the current $371.6M award, especially if options are exercised.

All four contracts are from civilian agencies (DOE, DHS, NASA, NIH), totaling $1.07B with zero defense content, highlighting a sector theme of stable but lower-margin federal services outside the defense budget.

Three of four contracts use cost-plus pricing (CPAF or CPFF), which caps profit margins but reduces financial risk, indicating a low-risk, low-reward profile for these contractors.

Millennium Engineering's $202.6M NASA contract was a total small business set-aside, demonstrating that small business status can secure large, long-duration awards in competitive markets.

{"entity" => "Technical Resources International, Inc.", "reason" => "Only active, long-duration contract in the digest with $173.3M through 2026; key to monitor for follow-on awards.", "trigger" => "Contract modifications or extensions beyond July 2026; new NIH CROMS solicitations"}

{"entity" => "Central Plateau Cleanup Company / PAE-Parsons", "reason" => "$371.6M DOE contract has only $125.4M outlayed and ends September 2021; option exercise is critical.", "trigger" => "Option exercise decision before September 2021; new Hanford remediation task orders"}

{"entity" => "Serco Services Inc.", "reason" => "Expired $321.3M DHS contract with zero current outlay; re-compete potential is key.", "trigger" => "USCIS National Benefits Center re-compete announcement"}

{"entity" => "Millennium Engineering and Integration Services, LLC", "reason" => "Completed $202.6M NASA contract; future awards depend on maintaining small business status.", "trigger" => "New NASA Ames Research Center solicitations; business category status changes"}