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Significant Contract Modifications ($10M+) — May 04, 2026

Significant Contract Modifications ($10M+)

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

A single significant contract modification totaling $351,035,113 in obligations was recorded, representing 100% civilian (NASA Goddard Space Flight Center) with 0/1 defense-related. ALCYON TECHNICAL SERVICES (ATS) JV, LLC, an SBA Certified 8(a) Joint Venture, received the cost-plus-fixed-fee modification for systems engineering services (NAICS 541712, PSC R425).

The dominant agency theme is NASA civilian space R&D support, with a neutral highest-conviction signal (strength 3/10, materiality 2/10) reflecting mature execution ($246,907,027 outlayed of $351,035,113). Low pricing risk supports steady performance, but the contract's original end date of 2023-11-30 warrants monitoring for extensions. Massive subawards ($7,385,356,524 across 2690) indicate strong ecosystem flow-through. Overall, low conviction for institutional action in defense/aerospace portfolios.

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Tracking the trend? Catch up on the prior Significant Contract Modifications ($10M+) digest from May 02, 2026.

Investment Signals (1)

  • NASA Modifies $351M Systems Engineering Contract for ALCYON TECHNICAL SERVICES (ATS) JV, LLC (LOW)

    Modification sustains $351,035,113 obligation (cost-plus-fixed-fee, 8(a) set-aside) with $246,907,027 outlayed and $7,385,356,524 in subawards across 2690 transactions for Goddard mission systems.

Risk Flags (1)

  • Execution [MEDIUM RISK]

    Contract originally ends 2023-11-30 but modified in 2026 period; $104M remaining to obligate/outlay from $351,035,113 total with low pricing risk but uncertain options exercise.

Opportunities (2)

  • 8(a) competed set-aside to ALCYON TECHNICAL SERVICES (ATS) JV, LLC (SBA Certified 8(a) JV, EDWOSB) signals potential for similar NASA R&D awards to certified small disadvantaged businesses.

  • Subawards totaling $7,385,356,524 across 2690 transactions from $351M NASA obligation highlight downstream opportunities in Goddard supply chain.

Sector Themes (1)

  • $351,035,113 modification to ALCYON TECHNICAL SERVICES (ATS) JV, LLC supports flight/ground systems R&D (NAICS 541712, PSC R425) with $247M outlayed and $7.38B subawards.

Watch List (2)

  • 👁

    {"entity"=>"ALCYON TECHNICAL SERVICES (ATS) JV, LLC", "reason"=>"$246,907,027 outlayed of $351,035,113 obligated (~$43M annual est. over 8 years) with $7,385,356,524 subawards across 2690.", "trigger"=>"outlay progress, subawards execution, end date compliance (2023-11-30) or further modifications"}

  • 👁

    {"entity"=>"NASA Goddard Space Flight Center", "reason"=>"Sole modification in period for 8(a) engineering set-aside; track civilian R&D spending patterns.", "trigger"=>"NASA budget announcements, re-compete for systems engineering post-2023"}

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