Executive Summary
These five high-value federal grants totaling $2,789,953,840 are entirely civilian (0/5 defense-related), dominated by Department of Energy ($2.01B to WASHINGTON TRU SOLUTIONS LLC) and Department of Education student loan servicing awards ($365M combined to NELNET SERVICING LLC and MAXIMUS EDUCATION LLC). The highest-conviction bullish signal is NELNET SERVICING LLC's $200.3M award (materiality 9/10, strength 8/10) for future student loan operations starting April 2026 with potential extension to 2027. CGI FEDERAL INC. appears twice for IT services at HHS ($261.9M) and State ($155.1M), signaling multi-agency IT stability. Key watch item is options exercise and outlay progress, as three contracts have $0 outlayed despite high future ceilings.
Tracking the trend? Catch up on the prior High-Value Federal Grants ($5M+) digest from April 02, 2026.
Investment Signals(5)
- NELNET SERVICING LLC Secures $200.3M Department of Education Student Loan Servicing Award(HIGH)▲
NELNET SERVICING LLC awarded $200,254,303 delivery order (base + all options) under full and open competition for student loan O&M starting 2026-04-01 with potential end 2027-12-31; $0 outlayed signals ~$114M annualized future revenue.
- WASHINGTON TRU SOLUTIONS LLC Wins Massive $2.01B Department of Energy Grant(MEDIUM)▲
WASHINGTON TRU SOLUTIONS LLC received $2,007,900,739 obligation from DOE, the largest award here and a bullish signal (strength 7/10, materiality 8/10) despite limited details on revenue or competition.
- MAXIMUS EDUCATION LLC Lands $164.8M Department of Education Student Loan Contract(HIGH)▲
MAXIMUS EDUCATION LLC secured $164,825,610 obligation (ceiling $376.4M with options) for 7-year student loan servicing from 2026-04-01 to 2033-04-24 under firm fixed price and full competition; $0 outlayed points to ~$23.5M annual revenue.
- CGI FEDERAL INC. Awarded $155.1M Department of State IT Services Delivery Order(MEDIUM)▲
CGI FEDERAL INC. received $155,114,308 obligation (ceiling $218.6M) for consular IT facilities management through 2024-12-31, with $32.3M already outlayed under full and open competition.
- CGI FEDERAL INC. Continues $261.9M HHS PECOS Medicare IT Support(MEDIUM)▲
CGI FEDERAL INC.'s ongoing $261,858,878 firm fixed price order for CMS Medicare enrollment has $112.6M outlayed since 2016-02-01, with potential end 2027-02-28 and ceiling $264.3M.
Risk Flags(2)
- Execution[HIGH RISK]▼
NELNET SERVICING LLC and MAXIMUS EDUCATION LLC face execution risk on new student loan awards starting 2026-04-01 with $0 outlayed and dependence on options exercise for full value.
- Budget[MEDIUM RISK]▼
CGI FEDERAL INC. HHS contract has high pricing risk (firm fixed price) with $112.6M outlayed but $149.3M remaining toward $261.9M obligation amid potential civilian budget constraints.
Opportunities(2)
- ◆
Department of Education's $365M combined awards to NELNET SERVICING LLC ($200.3M) and MAXIMUS EDUCATION LLC ($164.8M) for student loan servicing signal multi-year revenue ramps.
- ◆
CGI FEDERAL INC.'s dual wins ($261.9M HHS + $155.1M State) highlight IT services expansion across civilian agencies.
Sector Themes(2)
- ◆
Department of Education awarded $365M total ($200.3M to NELNET SERVICING LLC, $164.8M to MAXIMUS EDUCATION LLC) for O&M under NAICS 522390, both starting 2026-04-01 with long horizons to 2027-2033.
- ◆
CGI FEDERAL INC. secured $417M across HHS ($261.9M PECOS IT) and State ($155.1M consular facilities) under full competition, with partial outlays signaling ongoing revenue.
Watch List(3)
- 👁
{"entity"=>"NELNET SERVICING LLC", "reason"=>"$200.3M Education award with $0 outlayed and potential to 2027-12-31", "trigger"=>"options exercise and initial outlays post-2026-04-01"}
- 👁
{"entity"=>"MAXIMUS EDUCATION LLC", "reason"=>"$164.8M obligation (ceiling $376.4M) for 7-year student loans with $0 outlayed", "trigger"=>"options exercise toward 2033-04-24"}
- 👁
{"entity"=>"CGI FEDERAL INC.", "reason"=>"Dual awards totaling $417M with remaining outlays ($149.3M HHS, $122.8M State)", "trigger"=>"option exercises by 2026-11-30 (HHS) and 2024-12-31 (State)"}
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