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Significant Contract Modifications ($10M+) — April 20, 2026

Significant Contract Modifications ($10M+)

3 total filings analysed

Executive Summary

Three significant civilian contract modifications totaling $993,948,995 in obligations signal bullish growth in non-defense sectors, with 0/3 defense-related awards across DHS, GSA, and VA. The dominant theme is civilian agency commitments to logistics and IT services, led by Acquisition Logistics LLC's highest-materiality $598,444,871 DHS delivery order for detention support. All signals are bullish with average strength 6.3/10, reflecting full-and-open competition wins by diverse firms including small disadvantaged and large incumbents. Highest-conviction signal is Acquisition Logistics LLC's award, with potential upside to $1.34B through 2027. Key risk is execution amid zero outlays on two awards and negative outlays on General Dynamics One Source LLC's GSA contract; watch initial outlay progress and option exercises.

Tracking the trend? Catch up on the prior Significant Contract Modifications ($10M+) digest from April 18, 2026.

Investment Signals(3)

  • Acquisition Logistics LLC Secures $598M DHS Detention Logistics Order(HIGH)

    Acquisition Logistics LLC won a $598,444,871 firm fixed price delivery order from DHS/ICE via full and open competition for detention, transportation, and medical services at Camp East Montana, with base + options potential of $1,339,875,022 through 2027-09-30. As a self-certified small disadvantaged veteran-owned firm, this administrative transfer underscores policy priority in immigration enforcement logistics.

  • General Dynamics One Source LLC Hits $225M GSA IT Services Obligation(MEDIUM)

    General Dynamics One Source LLC received a $224,880,318 cost-plus-award-fee delivery order from GSA under full and open competition for computer systems design services, with base + options ceiling of $616,859,400 through 2024-01-07. This long-term IT commitment via Federal Acquisition Service highlights stable civilian IT demand despite negative -$60,375 outlays to date.

  • Booz Allen Hamilton Wins $171M VA Benefits Enterprise IT Order(MEDIUM)

    Booz Allen Hamilton Inc. was awarded a $170,623,805 firm fixed price delivery order from VA Technology Acquisition Center for computer systems design under full and open competition, with base + options value of $456,716,346 through potential 2028-04-16. This future-starting contract (2026-04-17) targets benefits enterprise services in Washington, DC.

Risk Flags(3)

  • Execution[HIGH RISK]

    Zero outlays on Acquisition Logistics LLC's $598M DHS order and Booz Allen Hamilton's $171M VA order signal potential delays in revenue recognition despite high obligations.

  • Execution[MEDIUM RISK]

    Negative -$60,375 outlays on General Dynamics One Source LLC's $225M GSA order amid 54 subawards of $14.8M raise de-obligation or adjustment concerns near 2024-01-07 end.

  • Budget[HIGH RISK]

    High pricing risk (firm fixed price) on Acquisition Logistics LLC's $598M DHS and Booz Allen Hamilton's $171M VA awards exposes firms to cost overruns without reimbursement.

Opportunities(2)

  • Acquisition Logistics LLC's $598M DHS order offers ~$299M annual revenue potential via options to $1.34B for small disadvantaged firm in immigration logistics.

  • General Dynamics One Source LLC and Booz Allen Hamilton IT orders provide upside to $617M GSA and $457M VA ceilings via sustained civilian IT demand.

Sector Themes(1)

  • DHS/ICE's $598M award to Acquisition Logistics LLC for detention logistics, alongside GSA's $225M and VA's $171M IT orders to General Dynamics One Source LLC and Booz Allen Hamilton, reflect full-and-open competition wins totaling $994M obligations in non-defense support services.

Watch List(3)

  • 👁

    {"entity"=>"Acquisition Logistics LLC", "reason"=>"$598M DHS obligation with zero outlays and high pricing risk over 2-year period", "trigger"=>"outlay progress from $0; option exercises to $1.34B by 2027-09-30"}

  • 👁

    {"entity"=>"General Dynamics One Source LLC", "reason"=>"$225M GSA obligation with negative -$60,375 outlays nearing 2024-01-07 end", "trigger"=>"resolution of negative outlay; changes toward $617M ceiling"}

  • 👁

    {"entity"=>"Booz Allen Hamilton Inc.", "reason"=>"$171M VA obligation starting 2026-04-17 with zero outlays and firm fixed price risk", "trigger"=>"initial outlays from $0; option exercises beyond 2027-04-16"}

Get daily alerts with 3 investment signals, 3 risk alerts, 2 opportunities and full AI analysis of all 3 filings

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