VA Healthcare & Services Contracts — October 21, 2026

The firm-fixed-price delivery order under a service-disabled veteran-owned small business set-aside carries $86,780,922 currently obligated against a $770,695,258 base-plus-options value running to 2030-09-28. Only $39,536,957 has been outlayed, and the recipient appears privately held, limiting direct investability.

CACI NSS, LLC's firm-fixed-price order for interface development and data conversion on the VA's Integrated Financial and Acquisition Management System carries $46,375,615 obligated against a $149,976,314 ceiling, with $0 outlayed so far. Full and open competition and nine subawards totaling $54,028,703 point to a subcontracting-heavy structure.

Innovation Associates, Inc., a Walgreens Boots Alliance subsidiary, received a $47,350,938 firm-fixed-price definitive contract for tablet capsule automation and packing stations at the VA National CMOP Office, with $0 outlayed and eight subawards totaling $16,314,505 (about 34% of the obligation). Equipment-focused scope suggests modest materiality relative to WBA's revenue base, which the data does not quantify.

FLOYD CONSTRUCTION CORP (Wichita, KS) received a $24,402,210 firm-fixed-price construction award for an Endoscopy Suite (Minor) project under a service-disabled veteran-owned small business set-aside, running to 2027-04-23 with $0 outlayed. Identical current and potential end dates indicate no disclosed extension mechanism, and high pricing risk applies under the fixed-price structure.

Three of four contracts show $0 outlays (CACI NSS $46.4M, Innovation Associates $47.4M, FLOYD $24.4M); SWISH shows $39.5M outlayed against $86.8M obligated. Realized revenue cannot be confirmed from current data.

Headline values are dominated by unexercised options: SWISH's $86.8M obligated versus $770.7M potential, and CACI's $46.4M versus $150.0M. Option exercise depends on VA budget appropriations and performance.

CACI's nine subawards ($54.0M) exceed its prime obligation ($46.4M), and Innovation Associates' eight subawards ($16.3M) represent about 34% of its total, creating downstream execution and margin dependence on subcontractors.

FLOYD's fixed-price construction carries high pricing risk, and identical current and potential end dates (2027-04-23) leave no disclosed schedule buffer for change orders or delays.

SWISH DATA CORPORATION's Red Hat renewal could expand substantially if options through 2030 are exercised, moving obligations from $86.8M toward the $770.7M ceiling.

CACI NSS's IFAMS task order could grow from $46.4M toward the $150.0M ceiling as option periods are exercised through 2030-09-15.

Continued VA investment in pharmacy automation (CMOP) and facility construction indicates recurring civilian healthcare infrastructure demand beyond these specific awards.

Two of four awards (SWISH and FLOYD) were made under service-disabled veteran-owned small business set-asides, signaling the VA's continued use of set-asides for SDVOSB firms.

Two of four contracts ($86.8M SWISH and $46.4M CACI) fund VA software support, Linux subscriptions, and IFAMS financial system sustainment, with combined obligations of $133.2M.

Innovation Associates' $47.4M CMOP automation award and FLOYD's $24.4M endoscopy suite construction show continued VA capital investment in pharmacy and clinical facilities totaling $71.8M.

Two of four awards ($111.2M combined) used SDVOSB set-asides, reflecting the VA's statutory veteran-owned preference.

{"entity" => "CACI International (CACI NSS, LLC)", "reason" => "$46,375,615 obligated on the VA IFAMS task order with $0 outlayed and $54.0M in subawards exceeding the prime obligation.", "trigger" => "First outlay confirmation and option exercise following the 2027-09-15 current end date"}

{"entity" => "Walgreens Boots Alliance (Innovation Associates)", "reason" => "$47,350,938 CMOP automation award with $0 outlayed and $16.3M (about 34%) passed to eight subawards.", "trigger" => "Quarterly outlay reporting and installation milestones before the 2027-07-16 end date"}

{"entity" => "VA Enterprise IT / government IT services sector", "reason" => "SWISH ($86.8M) and CACI ($46.4M) together show continued VA software and ERP sustainment spending.", "trigger" => "FY2027 VA budget appropriations and any continuing resolution affecting option exercise timing"}

{"entity" => "Commercial construction (FLOYD CONSTRUCTION CORP)", "reason" => "$24,402,210 fixed-price endoscopy suite award with high pricing risk and no disclosed schedule buffer.", "trigger" => "Any contract modification or change order and monthly outlay pace before 2027-04-23"}