Executive Summary
These 12 significant contract modifications totaling $1,755,742,802 in obligations over April 09, 2026, are overwhelmingly civilian-focused with only 1/12 defense-related, dominated by IT systems design and support services across GSA, VA, NASA, and DHS.
Highest-conviction bullish signal is CACI, INC. - FEDERAL's $708M GSA award for federal enterprise network defense, providing low-risk cost-plus revenue through 2024-04-30 despite negative outlays to date. Deloitte Consulting LLP stands out with dual wins totaling $202M from GSA and Treasury for cloud migration and management consulting. Key risk is execution on zero or negative outlays across multiple awards including Brasfield & Gorrie ($96M DHS), Integral Federal ($61M State), and Satsyil ($62M Commerce), signaling potential delays in revenue recognition.
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Tracking the trend? Catch up on the prior Significant Contract Modifications ($10M+) digest from April 08, 2026.
Investment Signals (6)
- CACI Secures $708M GSA Network Defense Delivery Order (HIGH)▲
CACI, INC. - FEDERAL's cost-plus award fee delivery order for computer systems design (NAICS 541512) under GSA has $708,253,079 obligated with potential to $1.03B via options, spanning 2019-2024 for low-risk IT revenue despite negative $-453K outlays.
- Deloitte Lands $122M GSA Ginnie Mae Cloud Migration Contract (MEDIUM)▲
Deloitte Consulting LLP's time and materials delivery order for IT cybersecurity and cloud services (PSC D310) has $121,868,141 obligated with $206M potential ceiling through potential 2030, under full and open competition.
- Brasfield & Gorrie Wins $96M DHS Coast Guard Infrastructure Build (MEDIUM)▲
Brasfield & Gorrie LLC's firm fixed price delivery order for design-build utility and clinic construction (NAICS 236220) at USCG Base Charleston totals $95,538,222 obligated, performance 2026-2029 despite $0 outlays to date.
- Deloitte Adds $80M Treasury Intelligence Analysis BPA Call (HIGH)▲
Deloitte Consulting LLP's firm fixed price BPA call for administrative management consulting (NAICS 541611, PSC B538) has $80,346,773 obligated with $62.6M outlayed since 2022, potential to $101M through 2027.
- Integral Federal Awarded $61M State Passport Printer Contract (MEDIUM)▲
Integral Federal, Inc.'s firm fixed price delivery order for printing machinery (NAICS 333244) totals $61,037,138 obligated through June 2026 under full and open competition, despite $0 outlays.
- CACI GSA Award Shows Negative Outlays of $-453K (HIGH)▲
CACI's $708M obligation has negative $-453,104 outlayed, indicating potential spending adjustments or delays despite low pricing risk.
Risk Flags (3)
- Execution [HIGH RISK]▼
Zero outlays on Brasfield & Gorrie $96M DHS, Integral Federal $61M State, Satsyil $62M Commerce, and ATT Mobility $54M State awards signal potential delays in revenue realization post-award.
- Execution [MEDIUM RISK]▼
CACI's $708M GSA contract reports negative $-453K outlays amid $5M subawards, raising flags on spending progress toward 2024-04-30 end.
- Budget [MEDIUM RISK]▼
High firm fixed price risk on Salient CRGT $206M VA (high risk rating), Brasfield $96M DHS, and Integral $61M State amid partial outlays like VA's $101M.
Opportunities (3)
- ◆
Deloitte Consulting LLP's dual GSA $122M and Treasury $80M awards with $206M and $101M option ceilings offer multi-year IT/consulting expansion through 2030/2027.
- ◆
CACI's $708M GSA obligation with $1.03B options in network defense IT provides upside if outlays accelerate pre-2024 end.
- ◆
Halvik LLC's $133M NASA 8(a) competed award and Global Science $55M NOAA small business set-aside highlight small/disadvantaged firm growth in civilian support services.
Sector Themes (2)
- ◆
GSA and VA awards to CACI $708M (NAICS 541512), Salient CRGT $206M, and Deloitte $122M emphasize network defense, infrastructure, and cloud migration under full competition.
- ◆
Brasfield & Gorrie $96M Coast Guard construction and Deloitte $80M Treasury adjacent consulting signal civilian agency build-out with firm fixed price structures.
Watch List (4)
- 👁
{"entity"=>"CACI International Inc", "reason"=>"$708M GSA obligation with negative $-453K outlays and 2024-04-30 end date", "trigger"=>"outlay progress and extension announcements"}
- 👁
{"entity"=>"Deloitte Consulting LLP", "reason"=>"Dual $202M obligations from GSA/Treasury with $308M option ceilings and strong $63M Treasury outlays", "trigger"=>"option exercises toward 2030/2027 ends"}
- 👁
{"entity"=>"Brasfield & Gorrie LLC", "reason"=>"$96M DHS firm fixed price from $0 outlays starting 2026-04-20", "trigger"=>"initial outlay progression"}
- 👁
{"entity"=>"Integral Federal, Inc.", "reason"=>"$61M State passport printer obligation with $0 outlays through 2026-06-17", "trigger"=>"outlay start post-Jan 2024 award"}
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