Executive Summary
Two significant civilian contract modifications totaling $1,954,256,236 were processed from April 12 to April 12, 2026, with 0/2 defense-related, dominated by the Department of Commerce's $1.83B award to L3Harris Technologies, Inc. The highest-conviction signal is bullish on L3Harris (materiality 8/10, strength 7/10), providing durable revenue visibility in a civilian context despite its defense heritage.
A secondary neutral signal emerges from the Department of Education's $128M obligation to nonprofit Missouri Higher Education Loan Authority for student loan servicing, with potential expansion to $295M via options. No cross-contract patterns in recipients or agencies. Key watch item: outlay progress on Missouri Higher Education Loan Authority contract, currently at $0 despite obligation.
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Tracking the trend? Catch up on the prior Significant Contract Modifications ($10M+) digest from April 11, 2026.
Investment Signals (2)
- L3Harris Technologies, Inc. Awarded $1.83B Modification from Department of Commerce (HIGH)▲
L3Harris Technologies, Inc. received a $1,826,088,581 contract modification from the Department of Commerce (dated 2009-05-27), delivering a bullish signal with strength 7/10 and materiality 8/10 in a civilian agency context.
- Missouri Higher Education Loan Authority Secures $128M Student Loan Servicing Order from Department of Education (MEDIUM)▲
Missouri Higher Education Loan Authority won a $128,167,655 fixed-price with economic price adjustment delivery order from Department of Education's FSA Acquisitions Office under full and open competition, with options to $295,652,367 over April 2026 to potential 2027 end; neutral signal (strength 4/10, materiality 4/10) pending outlays.
Risk Flags (1)
- Execution [MEDIUM RISK]▼
Missouri Higher Education Loan Authority's $128M Department of Education contract shows $0 outlayed to date, with medium contract pricing risk on a fixed-price with economic price adjustment structure over short-term performance (April-December 2026, extendable to 2027).
Opportunities (1)
- ◆
Missouri Higher Education Loan Authority has expansion potential via unexercised options on $128M Department of Education student loan servicing order, lifting total ceiling to $295M.
Sector Themes (2)
- ◆
L3Harris Technologies, Inc. dominates with $1.83B modification from Department of Commerce, representing 93% of period total obligation despite limited sector details.
- ◆
Missouri Higher Education Loan Authority awarded $128M (options to $295M) under full and open competition for NAICS 522390 financial services O&M.
Watch List (2)
- 👁
{"entity"=>"Missouri Higher Education Loan Authority", "reason"=>"$128M Department of Education obligation with $0 outlayed to date and options to $295M", "trigger"=>"outlay progress, option exercises, performance milestones to 2026/2027 ends"}
- 👁
{"entity"=>"L3Harris Technologies, Inc.", "reason"=>"$1.83B Department of Commerce modification (93% of period total) with high materiality 8/10", "trigger"=>"further modifications on 2009 base contract"}
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