New Federal Contractors — October 29, 2026

The $26,019,519 obligated against a $53,415,987 base-plus-options value from Treasury's Bureau of Engraving and Printing runs through 2032-12-31 (potential 2035-01-12), leaving roughly $27.4M of option value and $18.5M of unobligated obligation to be realized over a multi-year equipment delivery schedule.

Nimbis Services ($32,865,019), Broadleaf ($31,247,864), Trewon Technologies ($26,902,380), CGI Federal ($26,730,841), Halvik ($21,271,505), and Sandow Construction ($21,268,663) all show $0 total outlayed despite obligations, meaning reported contract value has not converted to billed revenue.

Lockheed Martin Services' $34,888,759 TSA order ended 2013-04-30 and its $26,259,331 order ended 2014-08-16, both with $0 outlayed, so neither provides forward revenue visibility for Lockheed Martin Corp despite the $61.1M combined face value.

The labor-hours delivery order carries a base-plus-all-options value of $111,803,972 against $26,902,380 obligated, with a current end of 2026-12-31 and potential end of 2029-12-31, making option exercise the dominant value driver.

The GSA purchase order for classified technical and organizational support was marked 'NOT COMPETED' with 'NO SET ASIDE USED' despite the recipient's 8(a) and Native Hawaiian Organization designations, creating protest and competition-justification exposure against a $82,950,876 ceiling.

The $21,268,663 obligation sits against a $40,368,998 base-plus-options value for Perry Point VAMC roof replacement, with $0 outlayed and an end date of 2027-02-20 — option exercise would nearly double the award.

The $31,247,864 obligation against a $47,810,405 ceiling for PSC R408 program management support (description 'AIR COMBAT COMMAND ACC A589') runs to 2027-05-31 with a potential end of 2028-05-31, but $0 has been outlayed.

The record lists The Timken Company as parent of CGI Federal Inc., which is inconsistent with an IT services business, undermining parent-level analysis of the $26,730,841 State BPA call.

Firm-fixed-price structures on NV Services' $41,394,627 DOL Job Corps build, Sandow's $21,268,663 VA roof replacement, and A. West Enterprise's $20,711,350 NASA electrical replacement place cost-overrun risk on contractors, with NV Services flagged high pricing risk and roughly $4.75M still unpaid.

Multiple awards were non-competed or sole-source: Galapagos Federal Systems ($33,458,473, NOT COMPETED), Nimbis Services ($32,865,019, not available for competition), Airbus DS Military Aircraft ($22,147,568, not available for competition), Chenega Healthcare ($21,967,892, 8(a) sole source), and Deloitte's $33,995,651 TSA PP&B (not competed).

Chenega Healthcare Services' $21,967,892 DOE/NNSA medical support contract is an 8(a) sole-source award with a current end date of 2026-12-27 matching the potential end date, meaning no additional option periods are shown beyond the $25,376,749 ceiling.

Several contracts approach end dates with high outlay ratios and no disclosed follow-on: American Institutes for Research ($40,947,225, 95% outlayed, ends 2028-11-30), Caltech ($36,802,451, 82% outlayed, ends 2028-09-24), Cybernamic ($25,383,308, 89% outlayed, ends 2027-01-20), and Auburn University ($21,852,013, 79% outlayed, ends 2027-04-10).

Koenig & Bauer Banknote Solutions SA is flagged as foreign-owned with place of performance unspecified on a $26,019,519 BEP offset press order, creating exposure to domestic sourcing or foreign-ownership restrictions on currency production equipment.

Koenig & Bauer Banknote Solutions' BEP offset press order has $27.4M of base-plus-options value and $18.5M of obligation not yet outlayed, with performance extending to 2032-12-31 and a potential end of 2035-01-12.

Trewon Technologies' State Department labor-hours order carries a $111,803,972 base-plus-all-options ceiling against $26,902,380 obligated, with option periods extending to 2029-12-31.

Sandow Construction's SDVOSB set-aside VA roof replacement has $19.1M of unexercised option value ($40,368,998 ceiling vs. $21,268,663 obligated) at Perry Point VAMC.

Broadleaf's GSA delivery order for Air Combat Command program management support has $16.6M of unobligated option value ($47,810,405 ceiling vs. $31,247,864 obligated) with a potential end of 2028-05-31.

Halvik LLC's USPTO developmental security operations order has a potential end of 2029-02-14 and a $23,656,412 base-plus-options value against $21,271,505 obligated, with $10,252,031 (48%) subawarded across 10 subcontractors.

Helicopter Transport Services' USDA Forest Service fire suppression order has a potential end of 2029-12-31 and $11,420,958 (54%) already outlayed against $21,018,719, indicating active billing.

A large share of the stream flows through set-aside vehicles: NV Services ($41,394,627, 8(a)/total small business), Williams Adley ($22,686,667, total small business), MetGreen ($27,712,179, SDVOSB), Sandow ($21,268,663, SDVOSB), Helicopter Transport ($21,018,719, total small business), A. West Enterprise ($20,711,350, total small business), and Broadleaf ($31,247,864, 8(a)/ANC).

Lockheed Martin Services holds two TSA Security Technology orders ($34,888,759 and $26,259,331) and Deloitte Consulting a $33,995,651 TSA PP&B contract, but all three are historical — end dates of 2013, 2014, and 2023 respectively, with $0 outlays on the Lockheed records and a CLOSEOUT status on Deloitte.

IT and security services awards include Cybernamic's $25,383,308 USCIS G-CACS III order (89% outlayed), Halvik's $21,271,505 USPTO developmental security operations order, CGI Federal's $26,730,841 State CGFS support BPA call, General Dynamics IT's $20,971,851 GSA workflow learning order, and MetGreen's $27,712,179 VA Micro Focus license support.

Construction and facilities awards include NV Services' $41,394,627 DOL Job Corps redevelopment, Sandow's $21,268,663 VA roof replacement, A. West Enterprise's $20,711,350 NASA Kennedy electrical distribution replacement, and DRC Emergency Services' $30,093,702 Army Hurricane Helene debris removal.

Nonprofit and university recipients hold large multi-year R&D awards: American Institutes for Research ($40,947,225 Education), Caltech ($36,802,451 NASA), Auburn University ($21,852,013 DHS), and National Opinion Research Center ($21,432,411 NIH/NCI), with subaward flow-down of $14,930,626, $3,932,662, and $8.3M in unobligated option value at NORC.

{"entity" => "Koenig & Bauer AG", "reason" => "$26,019,519 BEP offset press order with $53,415,987 ceiling and only $7,568,763 outlayed", "trigger" => "Option exercise and outlay progression; performance milestones toward 2032-12-31"}

{"entity" => "Trewon Technologies LLC", "reason" => "$26,902,380 obligated against a $111,803,972 ceiling with $0 outlayed", "trigger" => "Option exercise before the 2026-12-31 current end date"}

{"entity" => "Galapagos Federal Systems LLC", "reason" => "$33,458,473 not-competed STARCOM order against an $82,950,876 ceiling", "trigger" => "GAO protest or competition-justification challenge; option exercise toward 2029-04-30"}

{"entity" => "Sandow Construction Inc", "reason" => "$21,268,663 obligated against $40,368,998 ceiling with $0 outlayed", "trigger" => "Option exercise before 2027-02-20"}

{"entity" => "Broadleaf, Inc. / Arctic Slope Regional Corporation", "reason" => "$31,247,864 obligated against $47,810,405 ceiling with $0 outlayed", "trigger" => "Option exercise before 2027-05-31 and outlay initiation"}

{"entity" => "Chenega Corporation", "reason" => "$21,967,892 8(a) sole-source DOE/NNSA medical support contract ending 2026-12-27", "trigger" => "Recompetition or follow-on solicitation ahead of 2026-12-27"}

{"entity" => "Cybernamic LLC", "reason" => "$25,383,308 USCIS G-CACS III order 89% outlayed with end date 2027-01-20", "trigger" => "G-CACS follow-on or recompete solicitation"}

{"entity" => "Lockheed Martin Corp", "reason" => "Two TSA orders totaling $61,148,090 are historical with $0 outlays and expired end dates", "trigger" => "Any successor TSA Security Technology task order award"}

{"entity" => "CGI Federal Inc.", "reason" => "$26,730,841 State BPA call with $0 outlayed and an inconsistent parent attribution (The Timken Company)", "trigger" => "Outlay initiation and parent-relationship verification"}