Executive Summary
Three civilian agency contract deobligations totaling $993,948,995 across DHS, GSA, and VA highlight commitments in logistics and IT services, with 0/3 defense-related awards. The highest-conviction signal is Acquisition Logistics LLC's $598,444,871 DHS delivery order for detention/transportation/medical services at Camp East Montana (materiality 9/10, strength 7/10). General Dynamics One Source LLC ($224,880,318 GSA IT services) and Booz Allen Hamilton Inc. ($170,623,805 VA benefits enterprise IT) provide additional bullish reinforcement in stable civilian IT sectors. All signals are bullish (avg 6.3/10), but zero outlays on two contracts and negative -$60,375 outlay on GSA award signal execution risks. Dominant theme: Civilian agency expansion in logistics consulting (NAICS 541614) and IT systems design (NAICS 541512). Key watch item: Outlay progress from current zeros/negative and option exercises toward ceilings exceeding $2.4B combined.
Tracking the trend? Catch up on the prior Contract Deobligations Alert digest from April 18, 2026.
Investment Signals(3)
- Acquisition Logistics LLC Secures $598M DHS Detention Logistics Order(HIGH)▲
Acquisition Logistics LLC received a $598,444,871 firm fixed price delivery order from DHS/ICE via administrative transfer for detention, transportation, and medical services at Camp East Montana, with base + options up to $1,339,875,022 through 2027-09-30 under full and open competition (NAICS 541614). Self-certified small disadvantaged/veteran-owned firm won post-source exclusion, signaling compliance-driven logistics demand.
- General Dynamics One Source LLC Holds $225M GSA IT Services Delivery Order(MEDIUM)▲
General Dynamics One Source LLC maintains $224,880,318 obligated under cost-plus-award-fee GSA delivery order for computer systems design (NAICS 541512, PSC D318), with base + options to $616,859,400 through 2024-01-07 via full and open competition. Despite -$60,375 outlay and $14.8M subawards, signals enduring civilian IT commitment.
- Booz Allen Hamilton Wins $171M VA IT Enterprise Services Order(MEDIUM)▲
Booz Allen Hamilton Inc. awarded $170,623,805 firm fixed price VA delivery order for benefits enterprise services (NAICS 541512, PSC DA01), with base + options to $456,716,346 through potential 2028-04-16 under full and open competition, starting 2026-04-17 in Washington, DC.
Risk Flags(2)
- Execution[HIGH RISK]▼
Zero outlays on Acquisition Logistics LLC $598M DHS order and Booz Allen Hamilton $171M VA order, plus -$60,375 outlay on General Dynamics One Source $225M GSA order, indicate pending execution despite obligations.
- Budget[MEDIUM RISK]▼
High contract pricing risk (firm fixed price) on Acquisition Logistics LLC $598M DHS and Booz Allen Hamilton $171M VA awards amid zero outlays, vulnerable to civilian budget scrutiny outside NDAA protections.
Opportunities(2)
- ◆
Acquisition Logistics LLC $598M DHS logistics order offers ~$299M annual revenue potential through 2027-09-30 via option exercises in detention compliance.
- ◆
General Dynamics One Source LLC and Booz Allen Hamilton GSA/VA IT orders ($225M + $171M obligated) with ceilings to $1.07B combined signal scalable IT services expansion.
Sector Themes(1)
- ◆
DHS ($598M logistics consulting NAICS 541614), GSA ($225M IT systems NAICS 541512), and VA ($171M enterprise IT NAICS 541512) deobligations underscore full/open competition wins in support services (PSC R706, D318, DA01) with zero defense exposure.
Watch List(3)
- 👁
{"entity"=>"Acquisition Logistics LLC", "reason"=>"$598M DHS obligation with zero outlays and high pricing risk; ~$299M annual revenue est. over 2 years", "trigger"=>"outlay progress and option exercises toward $1.34B by 2027-09-30"}
- 👁
{"entity"=>"General Dynamics One Source LLC", "reason"=>"$225M GSA obligation with -$60,375 outlay amid 54 subawards totaling $14.8M", "trigger"=>"negative outlay resolution and performance completion by 2024-01-07"}
- 👁
{"entity"=>"Booz Allen Hamilton Inc.", "reason"=>"$171M VA obligation starting 2026-04-17 with zero outlays and high pricing risk", "trigger"=>"initial outlays and option exercises beyond 2027-04-16 to $457M"}
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