All DOE Contracts — October 08, 2026

The cost-plus-incentive-fee delivery order for environmental remediation at Lawrence Livermore National Laboratory carries a $149M potential value through 2031, with $30.9M obligated at award. Option exercise would confirm the full value and extend recurring revenue.

A total small business set-aside under full and open competition after exclusion of sources, with $18,066,549 obligated and $7,872,569 already outlaid, signals steady early funding. The cost-plus-fixed-fee structure limits contractor profit risk but caps upside at typical 6-10% fee margins.

Both recipients are private entities (HGL-APTIM JV and Catawba Teapec LLC), so the $48.9M in combined obligations does not translate into direct listed-company revenue for investors. Indirect exposure would depend on parent-company disclosures that are not currently available.

Both awards depend on DOE Environmental Management appropriations; the HGL-APTIM potential value of $149M and Catawba's $94.99M maximum both require option exercises across multiple fiscal years, and only $48.9M combined is currently obligated.

Cost-plus structures on both awards shift cost-overrun risk to the government but carry performance and regulatory-compliance exposure in complex nuclear-site remediation work at LLNL and DOE sites.

Both awards were small business set-asides, which limit competitive pressure but also cap scalability; the competition signal is recorded as unknown for both, leaving follow-on competitive dynamics unclear.

HGL-APTIM Technologies JV LLC could expand its DOE footprint through follow-on LLNL or other DOE site task orders, building on the $30.9M initial delivery order.

Catawba Teapec LLC's small business and tribal designations position it for continued set-aside awards in DOE environmental remediation, supporting the potential $94.99M maximum value through 2030.

Sustained DOE EM mission funding across both awards supports a multi-decade environmental cleanup pipeline for qualified small and minority-owned remediation contractors.

Both awards are DD&R and environmental remediation services for DOE sites, with combined potential value exceeding $240M through 2030-2031. The work is labor-intensive and regulatory-driven rather than high-tech.

Both awards were total small business set-asides, and Catawba Teapec holds tribal and minority designations, reflecting policy priorities that favor smaller and designated contractors over large-prime competition.

{"entity" => "HGL-APTIM Technologies JV LLC / parent companies (HGL, Aptim)", "reason" => "$30.9M LLNL delivery order with $149M potential value through 2031; option exercise would confirm full value.", "trigger" => "DOE option exercise notices on the LLNL remediation order and any parent-company public disclosures"}

{"entity" => "Catawba Teapec LLC", "reason" => "$18.07M obligated of $94.99M maximum under a cost-plus-fixed-fee DOE EM contract through 2030.", "trigger" => "Annual option exercises, FY2027 DOE EM appropriations, and any strategic partnership announcements"}

{"entity" => "DOE Environmental Management budget", "reason" => "Funding level determines whether both awards' full potential values are realized.", "trigger" => "Congressional appropriations for DOE EM and continuing resolution resolution"}