US SEC Filing Intelligence

Federal Construction & Infrastructure Contracts — April 26, 2026

The analyzed period features a single federal construction contract totaling $1,585,324,926 in obligations, entirely civilian with zero defense-related awards (0/1 split). Department of Homeland Security is the dominant agency, awarding the full $1.59B to BARNARD CONSTRUCTION COMPANY, INCORPORATED. This represents the highest-conviction bullish signal (strength 7/10, materiality 8/10) for infrastructure growth in DHS-aligned construction. The award underscores civilian agency infrastructure priorities amid sparse defense activity. A key risk watch item is the unknown competition signal, potentially exposing the award to protests or re-competition vulnerabilities.

DHS Homeland Security Contracts — April 26, 2026

DHS dominated obligations with a single $1,585,324,926 contract award to BARNARD CONSTRUCTION COMPANY, INCORPORATED, representing 100% of the period's activity in civilian homeland security contracts (0/1 defense-related). This massive award signals bullish momentum for construction in DHS priorities, with highest materiality (8/10) and strength (7/10). No defense split applies, underscoring pure civilian exposure via DHS. The dominant theme is large-scale DHS construction procurement. Key watch item: unknown competition signal and pricing risk could impact durability.

New Federal Contractors — April 26, 2026

This one-day snapshot captures $1,907,292,467 in new federal obligations across 4 civilian contracts (0 defense-related), dominated by a massive $1.585B Department of Homeland Security award to Barnard Construction Company, Incorporated. GSA features in two smaller IT-related awards to CGI Federal Inc. ($147M) and Lockheed Martin Corporation ($6.65M), while HHS granted $168M to Potomac Electric Power Co. Highest-conviction bullish signal is Barnard's $1.59B DHS construction contract (materiality 8/10), signaling strong civilian infrastructure demand. Key watch item: multiple contracts (CGI, Lockheed) show $0 outlays to date, risking delayed revenue recognition.

Significant Contract Modifications ($10M+) — April 26, 2026

This week's $1,907,292,467 in significant contract modifications (4 total) are entirely civilian-agency focused (0/4 defense-related), with DHS dominating via a massive $1.585B award to Barnard Construction Company, Incorporated. Bullish signals center on Barnard's high-materiality DHS win (8/10) and CGI Federal Inc.'s $147M GSA IT delivery order (base + options $289M), signaling robust demand for construction and federal IT services. GSA also issued smaller neutral awards to Potomac Electric Power Co ($168M HHS grant) and Lockheed Martin Corporation ($6.7M F16 simulators). Highest-conviction bullish signal is Barnard's $1.59B scale amid unknown revenue impact; key watch item is zero outlays to date on CGI and Lockheed GSA contracts, risking delayed revenue recognition.

Contract Deobligations Alert — April 26, 2026

This Contract Deobligations Alert captures $1,907,292,467 in total obligations across 4 civilian contracts (0/4 defense-related), dominated by DHS construction and GSA IT services. Highest-conviction bullish signal is Barnard Construction Company, Incorporated's $1.59B DHS award, signaling strong civilian infrastructure demand. Two bullish signals (Barnard and CGI Federal Inc.) outweigh neutrals, but zero outlays on CGI Federal Inc. ($147M GSA) and Lockheed Martin Corporation ($6.65M GSA) highlight execution risks. Watch option exercises on CGI Federal Inc. (to $289M ceiling) and outlay ramps across IT awards. Overall average signal strength of 5.0/10 underscores moderate conviction in a purely civilian context.

Contract Option Exercises — April 26, 2026

This one-day snapshot of $1,907,292,467 in contract option exercises (April 26, 2026) features zero defense-related awards out of four, all civilian agency actions led by DHS's dominant $1.585B exercise to Barnard Construction Company, Incorporated. Bullish signals center on high-materiality awards to Barnard (DHS construction) and CGI Federal Inc. (GSA IT services at $147M obligation, up to $289M with options), signaling sustained civilian infrastructure and IT spending. GSA appears as a recurring vehicle with two IT-focused orders totaling ~$154M to CGI and Lockheed Martin. Highest-conviction bullish signal is Barnard's $1.59B DHS award (materiality 8/10). Key risk/watch item: zero outlays to date on both GSA awards to CGI Federal and Lockheed Martin, with Lockheed's firm-fixed-price structure carrying high pricing risk.

Federal IT & Cybersecurity Contracts — April 26, 2026

This synthesis covers one civilian contract totaling $147,239,431 in obligations from the General Services Administration (GSA) to CGI Federal Inc., with zero defense-related awards in the Federal IT & Cybersecurity stream. The dominant theme is GSA's bridge task order for IT systems design under the CDM Defend Group C, awarded via full and open competition as a cost-plus award fee structure. The highest-conviction bullish signal (7/10 strength, 8/10 materiality) underscores CGI Federal Inc.'s selection for this significant commitment, with base + options ceiling at $289,432,406 and estimated $73.6M annual revenue over the two-year base period. Substantial subcontracting via 53 subawards totaling $87,482,095 dilutes direct revenue capture. A key risk is the bridge structure implying a post-April 2026 re-compete, while a critical watch item is outlay ramp-up from the current $0 disbursed.

All HHS Contracts — April 26, 2026

The April 26, 2026 period recorded a single HHS civilian contract obligation totaling $168,075,608, with 0/1 defense-related awards, representing 100% civilian exposure. Potomac Electric Power Co. was the sole recipient of this federal grant, originally dated 2014-06-26, from the Department of Health and Human Services. The dominant agency theme is HHS grant funding to electric utilities, but with no specified sector or tech classification. The highest-conviction signal is neutral (strength 4/10, materiality 4/10) due to unknown annual revenue impact, contract risk, competition, and competitive moat. One key watch item is any performance updates or extensions on this legacy 2014 grant, given limited visibility into its ongoing relevance.

Mega Contracts Monitor ($100M+) — April 26, 2026

Three civilian mega contracts totaling $1,900,639,966 obligation highlight non-defense federal spending, with 0/3 defense-related awards spanning DHS construction, HHS grants, and GSA IT services. Dominant theme is large-scale infrastructure via Department of Homeland Security's $1.585B award to BARNARD CONSTRUCTION COMPANY, INCORPORATED, representing 83% of the aggregate value and the highest-conviction bullish signal at materiality 8/10. CGI FEDERAL INC. adds a bullish $147M GSA IT task order (base + options $289M) under full and open competition, signaling sustained federal IT demand. Neutral signal from POTOMAC ELECTRIC POWER CO's $168M HHS grant (dated 2014) tempers overall momentum. Key watch item: CGI FEDERAL INC.'s $0 outlays to date and option exercises toward $289M ceiling.

3 total filings

High-Value Federal Grants ($5M+) — April 26, 2026

These four high-value federal grants totaling $1,907,292,467 obligation are entirely civilian (0/4 defense-related), dominated by Department of Homeland Security (DHS) construction and General Services Administration (GSA) IT services themes. Barnard Construction Company, Incorporated's $1,585,324,926 DHS award represents 83% of the aggregate and carries the highest-conviction bullish signal due to its materiality (8/10). CGI Federal Inc.'s $147,239,431 GSA IT delivery order (base + options $289,432,406) adds another strong bullish signal in computer systems design. Neutral signals from Potomac Electric Power Co ($168,075,608 HHS) and Lockheed Martin Corporation ($6,652,501 GSA) dilute overall momentum (avg strength 5.0/10). Key watch item: zero outlays to date on CGI Federal and Lockheed Martin contracts signal execution ramp-up risks.

General Federal Contracts — April 26, 2026

This one-day snapshot captures $1,907,292,467 in civilian federal contract obligations across four awards, with zero defense-related activity. Dominant themes are large-scale construction via DHS ($1.59B to Barnard Construction) and IT services via GSA ($147M to CGI Federal and $6.65M to Lockheed Martin), alongside a HHS grant ($168M to Potomac Electric Power). Highest-conviction bullish signals stem from Barnard Construction's $1.59B DHS award and CGI Federal's $147M GSA IT task order (base + options $289M), signaling robust civilian infrastructure and IT demand. Key risk is zero outlays to date on both GSA awards to CGI Federal and Lockheed Martin, with high pricing risk on Lockheed's firm-fixed-price F16 simulator contract.

Federal Construction & Infrastructure Contracts — April 25, 2026

Three major civilian construction contracts totaling $416,868,972 highlight robust federal infrastructure spending by GSA, DHS Coast Guard, and NIH, with zero defense-related awards. J.E. Dunn Construction Company secured the highest-materiality award at $151,470,288 for FDA laboratory construction, followed by Whiting-Turner Contracting Company's $137,821,964 Coast Guard base recapitalization and Hensel Phelps Construction Co's $127,576,720 NIH building project—all full and open competition firm fixed price wins signaling competitive strength in NAICS 236210/236220. The highest-conviction bullish signal stems from multi-year revenue visibility through 2029 for these non-small business contractors amid stable civilian agency funding. Key risk is high execution/pricing risk across all firm fixed price contracts, particularly with low outlays ($678K for J.E. Dunn, $0 for Whiting-Turner, $36.9M for Hensel Phelps). Investors should watch outlay progression and option exercises for revenue realization.

3 total filings

Defense Manufacturing Contracts — April 25, 2026

Two DHS Coast Guard contracts totaling $235,798,681 in obligations highlight manufacturing opportunities in aircraft modification and shipbuilding, with a 0/2 defense split indicating purely civilian exposure. The highest materiality award ($83.9M to Birdon America Inc. for Inland Buoy Tender WLR 1801) provides the strongest bullish signal for near-term vessel production growth through 2028. L3Harris Technologies Integrated Systems L.P.'s $151.9M C-130 Minotaur missionization contract offers multi-year revenue visibility into 2024 despite its age. Dominant theme is Coast Guard sustainment of maritime and air assets via full and open competition. Key risk is high pricing risk under firm-fixed-price structures with $0 outlayed to date across both, warranting watches on funding progress.

2 total filings

DHS Homeland Security Contracts — April 25, 2026

DHS obligated $448,341,387 across 4 civilian contracts (0/4 defense-related) from April 25, 2026 data, dominated by U.S. Coast Guard awards totaling ~$373.6M (83%) for infrastructure recapitalization, vessel construction, and aircraft missionization. Highest-conviction bullish signal is Whiting-Turner Contracting Company's $137.8M firm-fixed price delivery order for Base Seattle CERCLA clean-up and waterfront recapitalization through 2029, supporting Polar Security Cutters homeporting. L3Harris Technologies and Birdon America also secure multi-year Coast Guard revenue streams of $151.9M and $83.9M respectively, while General Dynamics IT's $74.7M USCIS IT contract is neutral and historical. Key risk: $0 outlays across all contracts despite obligations, coupled with high firm-fixed price execution risk on top three awards.

VA Healthcare & Services Contracts — April 25, 2026

The VA awarded $194,896,742 in healthcare and services contracts during the period, with 0/2 defense-related and all obligations to the civilian Department of Veterans Affairs. Dominant themes center on IT DevSecOps support via a massive $117M obligation to Veterans EZ Info Inc. and short-term medical supplies via $77M to Medline Industries, LP. Highest-conviction bullish signal is Veterans EZ Info's SDVOSB set-aside Delivery Order with $31.7M already outlayed toward a $158M ceiling, offering multi-year revenue visibility to 2030. Key risk is zero outlay on Medline's one-month firm fixed price contract despite its $77.6M obligation, signaling potential execution delays.

2 total filings