Federal IT & Cybersecurity Contracts — March 13, 2026

Aggregate obligations deliver immediate revenue; unexercised options (~$950M across contracts) offer 2x growth potential through 2029.

Two VA awards (Cognosante $245M, Technatomy $132M) represent 40% of period value, signaling sustained demand for DevSecOps and integration services.

3/5 awards to SDB/SDVOB/8(a)/woman-owned firms via set-asides total $276M, positioning diverse suppliers for federal IT pipeline.

Subawards total $488M across contracts (52% of obligations), creating subcontractor dependencies that could delay execution.

Full/open competition in 4/5 awards exposes non-set-aside winners to rivals; no-set-aside VA wins heighten future task order risks.

$0 outlays on ITSI's $80M future-dated contract signals potential delays in 2026 start.

Unobligated options totaling ~$950M (e.g., Salient $453M, Cognosante $241M) for exercise through 2029.

Set-aside advantages for small/SDB firms in DHS/HHS (ITSI $80M, ThirdPacket $64M) enable pipeline expansion.

All awards under NAICS 541512 focus on systems design, integration, and collaboration tools across DEA/VA/DHS/HHS.

60% of awards (3/5) to small/disadvantaged firms via set-asides, even as larger players win open comp.

{"entity"=>"Salient CRGT", "reason"=>"Largest award at $422M obligation/$876M ceiling anchors period value.", "trigger"=>"option exercise >$453M or subaward delays"}

{"entity"=>"VA IT contractors", "reason"=>"40% value concentration signals agency priority on DevSecOps.", "trigger"=>"additional VA task orders >$100M"}

{"entity"=>"ITSI", "reason"=>"Future-dated $80M with $0 outlay tests small biz execution.", "trigger"=>"outlays commence Q1 2026"}