Significant Contract Modifications ($10M+) — April 30, 2026

Caddell Construction Co. (DE), LLC secured a fully obligated $328,507,039 firm-fixed-price contract for a new U.S. embassy in Praia, Cape Verde, spanning 2024-09-30 to 2028-11-08 under full and open competition.

Booz Allen Hamilton Inc received a $254,534,977 obligation (base + options $256.9M) for IT services, with $179.6M outlaid to date and performance through 2025-01-15 via full and open competition.

Rapiscan Systems Inc (OSI Systems subsidiary) awarded $81,416,250 firm-fixed-price contract (base + options $153M) for non-intrusive inspection equipment maintenance, with $42.7M outlaid and performance to 2027-04-26.

General Atomics Aeronautical Systems Inc has $272,580,354 obligated (base + options $275.9M) for UAS operations/maintenance to DHS/CBP, but only $34.3M outlaid post-2023-04-18 performance end.

High pricing risk on Caddell Construction's $328.5M firm-fixed-price State embassy contract with $0 outlaid to date and performance through 2028-11-08.

Firm-fixed-price execution risk on Inmar RX Solutions' $100.3M HHS medical waste disposal contract with only $24.7M outlaid and options to $221M.

Low outlay vs. obligation on General Atomics' $272.6M DHS UAS contract ($34.3M outlaid post-2023 end) signals potential funding delays or non-exercise.

Booz Allen Hamilton's NSF IT order has $2.45M unexercised options beyond $254.5M obligation through 2025-01-15.

Rapiscan Systems (OSI) DHS contract options to $153M from $81.4M obligation with $42.7M outlaid.

Inmar RX HHS medical waste contract options to $221M from $100.3M obligation.

Caddell Construction's $328.5M fully obligated State Dept embassy project signals sustained demand for overseas infrastructure under full competition.

HHS awards to Boston University ($150.8M BARDA R&D, $75.5M outlaid) and Inmar RX ($100.3M waste disposal) highlight ongoing investment with significant subawards ($63.7M and options).

DHS/CBP contracts to General Atomics ($272.6M UAS) and Rapiscan ($81.4M inspection equipment) provide visibility through 2027 despite varying outlays.

{"entity"=>"Caddell Construction Co. (DE), LLC", "reason"=>"$328.5M State contract with $0 outlaid and high pricing risk through 2028-11-08.", "trigger"=>"outlay progress; modifications to base + options"}

{"entity"=>"Booz Allen Hamilton Inc", "reason"=>"$254.5M NSF IT with $179.6M outlaid and $2.45M options through 2025-01-15.", "trigger"=>"progress to full obligation; option exercise"}

{"entity"=>"OSI Systems Inc (Rapiscan)", "reason"=>"$81.4M DHS with $42.7M outlaid and options to $153M through 2027-04-26.", "trigger"=>"additional outlays; option exercise"}

{"entity"=>"General Atomics Aeronautical Systems Inc", "reason"=>"$272.6M DHS UAS with low $34.3M outlay post-2023 end.", "trigger"=>"post-2023 modifications; options status"}