Significant Contract Modifications ($10M+) — May 14, 2026

Caddell Construction Co. (DE), LLC secured $698,061,227 firm fixed price contract from Department of State for office buildings, performance through 2027-10-24 under full and open competition, estimating ~$140M annual revenue despite $0 outlayed.

S.J. Amoroso Construction Co., LLC awarded $176,962,279 from Department of Defense on 2024-12-11, a high-materiality bullish signal in construction sector.

Whiting-Turner Contracting Company received $131,865,944 firm fixed price delivery order from DHS Coast Guard for Pier Papa recapitalization at USCG Base Charleston through 2026-11-21, fully obligated at award under full and open competition.

Booz Allen Hamilton Inc. won $79,261,970 cost-plus award fee delivery order from GSA Federal Acquisition Service for engineering services (base + options $340M), start April 2024 with potential end 2029.

$133,910,899 VA firm fixed price delivery order to V3Gate, LLC (SDVOSB set-aside) has $81.7M outlayed of $137M base + options, performance through 2026-09-30.

High firm fixed price risks on Caddell ($698M State), Whiting-Turner ($132M DHS), V3Gate ($134M VA), and TEPA EC ($88M Interior) construction/IT contracts, with $0 outlayed on top awards signaling potential delays.

Historical contracts like ACUITY-CHS Middle East ($81M State, ended 2018, $0 outlayed) and Pfizer ($68M HHS BARDA, $19M outlayed since 2015) show slow funding progress over long periods.

Booz Allen Hamilton GSA delivery order with $340M base + options ceiling for NEBULA engineering, $79M currently obligated and $71.5M subawards.

McCallie Associates NASA contract $63M obligated of $298M ceiling for GN&C systems engineering, $52M outlayed with 115 subawards.

ITC Federal DHS ICE IT platform support $62M obligated of $80M ceiling, $46M outlayed through May 2027.

Top four contracts totaling $1.1B+ to Caddell ($698M State offices), S.J. Amoroso ($177M DoD), Whiting-Turner ($132M DHS pier), and TEPA EC ($88M Interior school) under NAICS 236220, all firm fixed price through 2026-2027.

Awards like V3Gate ($134M VA VMware, 61% outlayed), Booz Allen ($79M GSA engineering), ITC Federal ($62M DHS IT, 73% outlayed), and Noblis ($62M DHS S&T, 75% outlayed) show progress on multi-year IT/consulting tasks.

{"entity"=>"Caddell Construction", "reason"=>"$698M State contract with $0 outlayed since 2022 award", "trigger"=>"outlay progress; performance through 2027-10-24"}

{"entity"=>"Booz Allen Hamilton (BAH)", "reason"=>"$79M GSA obligation with $340M potential and $71.5M subawards, $0 outlayed", "trigger"=>"option exercises by April 2027/2029"}

{"entity"=>"Whiting-Turner Contracting", "reason"=>"$132M DHS pier recapitalization fully obligated but $0 outlayed", "trigger"=>"outlay initiation; 2026-11-21 end date"}

{"entity"=>"Pfizer (PFE)", "reason"=>"$68M HHS BARDA biotech R&D with only $19M outlayed since 2015", "trigger"=>"$25M options exercise; 2025-09-30 end"}