Executive Summary
The three VA Healthcare & Services contracts total $219,450,089 in obligations, entirely civilian with zero defense-related awards, centered on IT and computing services via the Department of Veterans Affairs' Technology Acquisition Center NJ and Veterans Benefits Administration.
Salient CRGT, Inc. leads with the highest-materiality $93M obligation (potential $198M with options) for technical application platform services, delivering the strongest bullish signal at 7/10 strength due to full and open competition win and $21.8M early outlays. Greenbrier Government Solutions Inc. adds a solid bullish $61.3M SDVOSB set-aside for software maintenance, with $54.2M already outlayed signaling reliable cash flow. General Dynamics Information Technology's $65.1M award is neutral due to $60.7M subawards eroding prime retention, highlighting a key risk in passthrough exposure. Watch option exercises on Salient CRGT toward the $198M ceiling and remaining outlays across all contracts amid VA budget cycles.
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Tracking the trend? Catch up on the prior VA Healthcare & Services Contracts digest from April 02, 2026.
Investment Signals (3)
- Salient CRGT, Inc. Secures $93M VA Technical Platform Services Order (HIGH)▲
$93,004,285 total obligation (base + options $198,827,934) under full and open competition for NAICS 541512 services, with $21,852,172 outlayed including $5.9M subawards, signaling competitive strength in VA IT over 2-5 years.
- Greenbrier Government Solutions Inc. Advances on $61M SDVOSB Software Maintenance Award (MEDIUM)▲
$61,313,201 firm fixed price delivery order with $54,167,330 outlayed on SDVOSB set-aside for NAICS 541519 CA Technologies software through 2026, demonstrating execution reliability for small business IT support.
- General Dynamics IT Faces $60.7M Subaward Passthrough on $65M VA Order (HIGH)▲
$65,132,602 obligation (ceiling $92M) with $60,728,514 subawards across 6 awards (93% of value) and $52.7M outlayed, materially reducing net revenue retention on this firm fixed price IDIQ delivery order.
Risk Flags (3)
- Execution [HIGH RISK]▼
General Dynamics Information Technology, Inc. high subaward exposure ($60.7M of $65.1M obligation) across 6 subs erodes prime margins on VA VICCS computing infrastructure through 2026-09-22.
- Budget [MEDIUM RISK]▼
Salient CRGT, Inc. medium pricing risk on $93M Time and Materials contract with options to $198M, dependent on VA Technology Acquisition Center NJ funding through potential 2030 extension.
- Execution [MEDIUM RISK]▼
Greenbrier Government Solutions Inc. high pricing risk on firm fixed price $61.3M with $7.1M remaining outlays due by 2026-08-15.
Opportunities (2)
- ◆
Salient CRGT, Inc. multi-year revenue from $93M obligation (potential $198M) in VA technical application platforms under NAICS 541512.
- ◆
Greenbrier Government Solutions Inc. leverages SDVOSB/HUBZone/8(a) designations for $61.3M software maintenance, signaling small business IT pipeline at VA Technology Acquisition Center NJ.
Sector Themes (1)
- ◆
VA Technology Acquisition Center NJ awarded $93M to Salient CRGT and $61M to Greenbrier for technical platforms (NAICS 541512) and software maintenance (NAICS 541519), with strong outlay progress ($21.8M and $54.2M respectively); General Dynamics IT's $65M computing order (NAICS 518210) shows IDIQ reliance but high passthrough.
Watch List (3)
- 👁
{"entity"=>"Salient CRGT, Inc.", "reason"=>"$93M obligation with $21.8M outlayed; potential to $198M base + options over 2-5 years.", "trigger"=>"option exercises toward $198M ceiling; outlay progress beyond $21.8M"}
- 👁
{"entity"=>"General Dynamics Information Technology, Inc.", "reason"=>"$65M obligation with 93% ($60.7M) subawards and $52.7M outlayed on firm fixed price IDIQ.", "trigger"=>"option exercises to $92M; subaward performance and prime retention"}
- 👁
{"entity"=>"Greenbrier Government Solutions Inc.", "reason"=>"$61.3M SDVOSB set-aside with $54.2M outlayed and $7.1M remaining through 2026.", "trigger"=>"remaining outlays; performance completion by 2026-08-15"}
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