Executive Summary
The VA Healthcare & Services stream saw $159,996,058 in total obligations across two contracts, entirely civilian with 0/2 defense-related and average signal strength of 4.0/10. Dominant agency is Department of Veterans Affairs, focusing on medical disability examinations ($106M to Veterans Evaluation Services, Inc.) and health IT encoder software/support ($54M to Solventum Health Information Systems, Inc., 3M subsidiary).
Both are neutral signals from full and open competition firm-fixed price awards, with VES showing substantial $94.3M outlay execution on its completed 2021 contract and Solventum at $23.9M outlay on its ongoing award to potential 2026 end. Highest-conviction signal is VES's high execution rate indicating revenue reliability for veteran-owned providers. Key risk: high pricing risk on firm-fixed structures and post-2021 re-compete vulnerability for VES.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Tracking the trend? Catch up on the prior VA Healthcare & Services Contracts digest from May 06, 2026.
Investment Signals (2)
- Veterans Evaluation Services executes $94.3M of $106M VA medical disability exam order (MEDIUM)▲
VES fully committed $106,061,831 firm-fixed price delivery order for Region 4 Pacific exams (2020-2021) with $94.3M outlayed, signaling reliable past revenue capture under full competition.
- Solventum advances $23.9M outlay on $54M VA HICBA encoder software contract (LOW)▲
$53.9M obligated (base + options to $54.2M) firm-fixed price award for IT software/support, with $23.9M outlayed over ~3.75 years toward 2026 potential end.
Risk Flags (3)
- Execution [MEDIUM RISK]▼
High pricing risk on VES $106M firm-fixed price contract with only $11.8M remaining outlay post-substantial execution.
- Execution [HIGH RISK]▼
High pricing risk on Solventum $54M firm-fixed price contract with partial $23.9M outlay and options unexercised.
- Competition [MEDIUM RISK]▼
VES $106M award ended September 2021 under full open competition, exposing to re-compete in VA Region 4 Pacific MDES.
Opportunities (2)
- ◆
Solventum positioned for full $54.2M realization via option exercises on VA health IT encoder software through 2026.
- ◆
VES track record of $106M execution may support future VA medical disability exam awards in Region 4 Pacific.
Sector Themes (2)
- ◆
VES $106M firm-fixed price order for Region 4 Pacific exams fully committed with $94.3M outlayed by end-2021, highlighting veteran-owned provider reliability.
- ◆
Solventum $54M award (parent 3M) for HICBA software/support partially executed at $23.9M outlay, extending to potential 2026.
Watch List (2)
- 👁
{"entity"=>"Veterans Evaluation Services, Inc.", "reason"=>"Remaining $11.8M outlays on completed $106M VA Region 4 MDES contract and potential for future awards.", "trigger"=>"Outlay reports, VA Region 4 MDES re-compete announcements"}
- 👁
{"entity"=>"Solventum Health Information Systems, Inc. / 3M Company (MMM)", "reason"=>"$23.9M outlayed on $54M VA encoder software with unexercised options to 2026.", "trigger"=>"Option exercise dates, performance milestones to 2025-12-30 or 2026-02-02"}
Get daily alerts with 2 investment signals, 3 risk alerts, 2 opportunities and full AI analysis of all 2 filings
$30/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.
More from: VA Healthcare & Services Contracts
🇺🇸 More from United States
View all →May 27, 2026
US Pre-Market SEC Filings Roundup — May 27, 2026
US Pre-Market SEC Filings Roundup
May 27, 2026
S&P 500 Technology Sector SEC Filings — May 27, 2026
S&P 500 Technology Sector SEC Filings
May 27, 2026
Orphan Drug Approvals — May 27, 2026
Orphan Drug Approvals
May 27, 2026
Big Pharma Approvals — May 27, 2026
Big Pharma Approvals