Significant Contract Modifications ($10M+) — May 01, 2026

Whiting-Turner Contracting Company secured a $400M firm fixed price delivery order from DHS Coast Guard for barracks, training facility, galley, and firehouse at USCG TRACEN Cape May, NJ, with performance through 2030-05-06 under full and open competition.

Frequentis USA, Inc. received a $110.6M time and materials contract from DOT FAA for Project Lift VCS upgrade to IP-capable systems, with $25.2M already outlayed since 2025-03-01 and potential extension to 2027-03-31.

CH2M HILL - CDM PA-TAC RECOVERY SERVICES (Jacobs Engineering Group Inc.) has $88.1M outlayed on a $94.7M time and materials delivery order from DHS FEMA for Hermit Peak Calf Canyon Fire Claims Office support, confirming ~93% revenue realization through 2025-08-15.

Lockheed Martin Services, LLC's $225.3M firm fixed price delivery order from HHS for ADP facility management has $0 outlayed despite potential end in 2026-05-29, past current end of 2017-09-30.

High pricing risk on firm fixed price structures for Whiting-Turner ($400M DHS Coast Guard), Lockheed Martin Services ($225M HHS), Companion Data Services ($110M HHS), and Lockheed Martin Corp ($446K DOC NOAA), all with elevated contract risk ratings.

$0 outlays on Whiting-Turner $400M, Lockheed Martin Services $225M, and Lockheed Martin Corp $446K signal potential funding delays or non-exercise of options.

Companion Data Services $110M HHS contract past halfway with only 26% ($28.3M) outlayed over 11.5 years, and Lockheed Martin Services past current end date (2017-09-30).

Whiting-Turner Contracting Company's $400M DHS Coast Guard construction order provides ~$100M annual revenue estimate through 2030-05-06.

Frequentis USA, Inc. $110M DOT FAA contract with $25.2M outlayed offers $40-55M annual revenue through potential 2027-03-31.

Jacobs Engineering Group Inc. (CH2M HILL) has $6.6M remaining outlays on $94.7M DHS FEMA order, confirming net ~$12M annual after subawards.

DHS awarded $400M to Whiting-Turner for Coast Guard facilities construction (to 2030) and $94.7M to CH2M HILL-Jacobs for FEMA fire claims support (93% outlayed).

HHS contracts total $335M to Lockheed Martin Services ($225M ADP management, $0 outlayed) and Companion Data Services ($110M data processing, 26% outlayed to 2025).

DOT FAA's $110M non-competed award to Frequentis USA for VCS IP upgrade evidences ongoing NAS investments with $25M outlayed.

{"entity"=>"Whiting-Turner Contracting Company", "reason"=>"$400M DHS Coast Guard order at $0 outlayed with high pricing risk over 4-year performance to 2030-05-06", "trigger"=>"outlay progress and performance milestones"}

{"entity"=>"Lockheed Martin Corp", "reason"=>"$225M HHS IT order past current end (2017-09-30) at $0 outlayed; minor $446K DOC NOAA order also $0 outlayed", "trigger"=>"option exercises to 2026-05-29 and outlay start"}

{"entity"=>"Frequentis USA, Inc.", "reason"=>"$110M FAA contract with $25.2M outlayed; potential extension to 2027-03-31", "trigger"=>"outlay beyond $25.2M and current end 2026-06-30"}

{"entity"=>"Companion Data Services LLC", "reason"=>"$110M HHS order 26% outlayed ($28.3M) toward 2025 end and $132M ceiling", "trigger"=>"option exercises and outlay acceleration"}

{"entity"=>"Jacobs Engineering Group Inc.", "reason"=>"$94.7M DHS FEMA order 93% outlayed with $6.6M remaining and high subawards ($64.8M)", "trigger"=>"final outlays by 2025-08-15 and subaward impacts"}