All HHS Contracts — October 08, 2026

The 8(a) sole-source firm-fixed-price award for the CDC Emergency Mass Notification System in Atlanta, GA provides roughly $9.35M per year of visibility through September 2030. Zero outlays to date means revenue recognition begins once performance starts on 2026-09-30.

The 8(a) competed firm-fixed-price delivery order for CMS IT management support carries a base period ending 2027-03-12 and options up to $48.6M, implying roughly $12.0M annual estimated revenue. Sustained CMS IT demand supports the revenue base, though the firm is a small private business with limited scalability.

The full-and-open time-and-materials delivery order runs through 2026 with potential extension to 2029 and options up to $86.5M, supporting roughly $10.7M to $14.4M annual revenue for the parent SWISH DATA CORPORATION. Revenue recognition is not separately visible in public filings, so materiality to the parent is uncertain.

The Lewin Group received a $29,428,669 HHS award for research and development in the social sciences and humanities, the largest single contract by materiality score in the set. The source analysis lacks pricing, competition, and revenue detail, so the investment read is limited to award size and recipient identity.

The minority-owned 8(a) joint venture's firm-fixed-price delivery order runs through March 2029, yielding roughly $3.0M to $5.5M annual revenue depending on option exercise. The award is too small to move public-company results but signals continued CMS IT modernization spending.

The woman-owned firm's firm-fixed-price HEDIS/HOS measurement delivery order (2021 to 2026) has $10.36M already outlayed against a $10.96M total, leaving little remaining value and requiring a recompete to sustain revenue. Estimated annual revenue is only about $2.19M.

Chenega's $37.4M 8(a) sole-source award is non-competitive and firm-fixed-price for a construction-coded scope, so change orders and protests could delay start from 2026-09-30.

Several awards depend on option exercise tied to annual HHS and CMS appropriations; a continuing resolution could delay option decisions, notably for TITANIA ($32.2M base, $86.5M potential) and SKYWARD ($36.0M base, $48.6M potential).

Five of six awards are to small or 8(a) firms with limited public disclosure, so most revenue impact cannot be traced to listed equities.

Health Services Advisory Group's contract is nearing its 2026 end date, creating recompete risk on a relationship with CMS that rests on prior performance.

Chenega's ANC status and 8(a) sole-source authority position it for additional CDC emergency preparedness work following the EMNS award.

SKYWARD IT and TRILLION ERP both hold CMS IT management support work with options that could expand combined value beyond $75M if exercised.

TITANIA's CMS independent testing work could expand to $86.5M if options are exercised, supporting continued healthcare IT testing demand.

Health Services Advisory Group's woman-owned status and CMS measurement expertise could support a follow-on set-aside award.

Four of six awards are IT, testing, or healthcare program services at CMS and CDC, including SKYWARD ($36.0M), TITANIA ($32.2M), and TRILLION ($15.2M), indicating steady civilian demand for digital modernization. Totals across these three IT awards exceed $83M in obligations.

Chenega, SKYWARD, and TRILLION are all 8(a) awards, together worth roughly $88.7M, reflecting federal small-business policy priorities rather than pure competitive wins.

{"entity" => "Chenega Enterprise Systems & Solutions, LLC", "reason" => "$37.4M sole-source 8(a) CDC award with zero outlays, dependent on timely start and protest-free execution.", "trigger" => "Performance start on 2026-09-30 and any GAO protest filing"}

{"entity" => "SWISH DATA CORPORATION", "reason" => "Parent of TITANIA, whose $32.2M CMS delivery order is the largest disclosed public-parent exposure in this set.", "trigger" => "Next SWISH DATA quarterly filing revenue disclosure and CMS option decision"}

{"entity" => "Health Services Advisory Group, Inc.", "reason" => "Contract is 94.5% outlayed and approaching its 2026 end, creating binary recompete exposure.", "trigger" => "CMS HEDIS/HOS recompete solicitation release"}

{"entity" => "HHS / CMS appropriations", "reason" => "Option exercises across SKYWARD, TITANIA, and TRILLION depend on annual funding decisions.", "trigger" => "FY2027 continuing resolution or appropriations enactment"}