High-Value Federal Grants ($5M+) β April 16, 2026
These 12 high-value federal contracts total $2,556,508,585 in obligations, entirely civilian with 0/12 defense-related, spanning agencies like Department of State, HHS, NASA, USAID, DHS, USDA, DOE, and GSA. Dominant themes include IT facilities management, medical equipment maintenance, aviation support, and space services, with bullish signals from strong outlay execution in maturing awards like AAR Government Services' $449M State contract and Agiliti Health's $327M HHS ventilator maintenance deal. Highest-conviction bullish signal is on Agiliti Health Inc ($326.6M obligation, $272M outlayed, potential to $494M), reflecting HHS preparedness priorities with low execution risk despite firm-fixed pricing. Key risk is high pricing risk from firm-fixed structures in 5+ contracts (e.g., Agiliti, Amentum $227M NASA), vulnerable to cost overruns; watch 2026 contract end-dates like DLH's April 2026 NIH IT award for recompetes.