Significant Contract Modifications ($10M+) — March 28, 2026

CGI Federal secures cost-plus award fee delivery order with $108M obligated and $522M potential value through 2030 for computer systems design.

Options may not exercise beyond 2026, performance-based award fees, and $15M subawards across 47 recipients could erode margins.

Full $523M value via option exercises and GSA task order expansions in EPA IT support.

GSA leverages cost-plus contracts for EPA enterprise IT, with long-duration potential to 2030.

{"entity"=>"CGI Federal Inc.", "reason"=>"Key player in GSA/EPA IT with $523M pipeline at risk of partial exercise.", "trigger"=>"Option exercises or new FEDSIM task orders >$50M"}

{"entity"=>"The Timken Company", "reason"=>"Parent exposure to federal IT via CGI subsidiary's large mod.", "trigger"=>"Earnings impact from contract revenue or subaward costs"}