Significant Contract Modifications ($10M+) — February 06, 2026

10 contracts ($758M total) in IT/systems design (NAICS 541512) across HHS, GSA, DHS/TSA, IRS, with 80%+ outlays on average and extensions to 2032.

NASA ($174M CLPS/Mars) and DHS ($159M TSA IT, Coast Guard helicopters) awards lock in revenue to 2028-2032, with rapid outlays (e.g., LUNR 86% disbursed).

Civil engineering and building projects ($460M total) via DOI, GSA, DOJ/FBI show full obligations with steady outlays, extending to 2028.

19/22 contracts are FFP, risking margins on $1.6B+ amid labor/material volatility over 3-10 year terms.

Low/no outlays on 7 contracts ($530M total, e.g., Ameresco $0, Minburn $0) signal funding delays or ramp-up issues through 2026-2029.

Subawards average 20% of value (e.g., 507 on LMT $23M; 126 on ACN $44M) heighten subcontractor dependency risks.

Foreign-owned winners (Koenig & Bauer 2x $174M Treasury printing) face potential U.S. procurement scrutiny amid policy shifts.

$800M+ in unexercised options (e.g., Deloitte NIH $245M upside; Accenture DHS $89M; Minburn GSA $145M) across IT/health.

Follow-on potential in recurring areas: Bureau of Reclamation dams ($202M), CMS/FDA/NIH health IT ($348M), NASA CLPS.

Small/veteran-owned wins (e.g., LUNR $88M NASA, IT Federal $68M IRS) despite full/open competition position for set-asides.

HHS/CDC/NIH/FDA/CMS modified $429M (5 contracts) for systems integration, claims processing, modernization to 2031.

DOI dams/fish passages ($202M to 2028) and VA/GSA/DOJ buildings ($274M to 2027) reflect sustained capex on critical assets.

GSA awards ($235M Minburn/Leidos/REI) for software licenses/sustainment signal shift to recurring federal IT spend to 2029.

{"entity"=>"Intuitive Machines (LUNR)", "reason"=>"$88M NASA CLPS with 86% rapid outlay and $33M options amid space commercialization.", "trigger"=>"Option exercise or new lunar awards >$50M"}

{"entity"=>"Ameresco (AMRC)", "reason"=>"$95M VA ESPC at $0 outlay with $56M options, plus civil infra adjacency.", "trigger"=>"Outlay ramp >20% or VA follow-ons"}

{"entity"=>"Accenture Federal (ACN)", "reason"=>"$94M DHS IT with $89M options to 2032 and heavy subawards.", "trigger"=>"TSA budget increases or extension to 2032"}

{"entity"=>"Koenig & Bauer", "reason"=>"$174M Treasury printing (2 contracts to 2032), foreign exposure.", "trigger"=>"U.S. policy shift on foreign sourcing"}