Executive Summary
This Contract Deobligations Alert covers $1,798,808,650 in total obligations across 21 civilian agency contracts (0 defense-related) deobligated on April 10, 2026, highlighting potential funding releases amid low average signal strength of 4.7/10. Dominant themes include large-scale construction (e.g., Brasfield & Gorrie LLC's $519M DOJ FBI project at Redstone Arsenal) and IT/financial services across DOJ, Education, HUD, and GSA. Highest-conviction bullish signal is Brasfield & Gorrie LLC's $519M fixed-price delivery order with $99M outlayed and 6.7-year term to 2030, signaling durable long-term revenue. Key risk is high fixed-price execution exposure in contracts like Compu-Link Corp's $86M HUD HECM services and Trane U.S. Inc.'s $80M GSA energy project with $0 outlayed. Watch for outlay progression and option exercises in multi-year awards like L3Harris' $102M DOT FAA telecom order with $5.9B ceiling.
Tracking the trend? Catch up on the prior Contract Deobligations Alert digest from April 09, 2026.
Investment Signals(7)
- Brasfield & Gorrie LLC Secures $519M DOJ FBI Construction Order(HIGH)▲
Brasfield & Gorrie LLC awarded $519,305,226 fixed-price delivery order by FBI for Redstone Arsenal Academic Zone project, with $99,380,719 outlayed over 6.7 years to 2030-01-28, indicating strong early execution on commercial/institutional building construction.
- Compu-Link Corp Wins $86M HUD HECM Financial Services Contract(MEDIUM)▲
Compu-Link Corp received $85,959,050 firm fixed-price contract from HUD for HECM services, with $36,400,023 outlayed over 21 months to 2026-08-11, non-competed award signaling established provider status.
- Trane U.S. Inc. Lands $80M GSA Energy Conservation Delivery Order(MEDIUM)▲
Trane U.S. Inc. awarded $79,676,344 firm fixed-price order by GSA PBS for 98 energy/water measures across 10 NYC buildings, with $185M options ceiling over 20 years to 2036 despite $0 outlayed to date.
- Booz Allen Hamilton Gains $80M USPTO IT Delivery Order(MEDIUM)▲
Booz Allen Hamilton Inc. secured $79,658,974 labor hours delivery order from USPTO for NWOW trademark systems, with $119M options ceiling to potential 2028-06-30.
- TRAX International Secures $48M NASA Goddard Logistics Contract(HIGH)▲
TRAX International Corporation awarded $47,853,227 cost-plus-fixed-fee order by NASA GSFC for logistics, with $264M options ceiling, $39M outlayed, and potential to 2029-07-31.
- L3Harris $102M FAA Telecom Order with Massive $5.9B Ceiling(LOW)▲
Harris Corporation (L3Harris) holds $102,399,337 obligated on 2006 FAA IT/telecom delivery order with $5.9B ceiling and only $33M outlayed over 19 years, signaling untapped potential but funding uncertainty.
- EDFinancial Services LLC $121M Education Loan Servicing with $0 Outlay(MEDIUM)▲
EDFinancial Services LLC's $121,480,818 delivery order from Dept of Education starts April 2026 with $276M options but $0 outlayed, highlighting delayed revenue realization risks.
Risk Flags(3)
- Execution[HIGH RISK]▼
High fixed-price risk on Trane U.S. Inc.'s $79.7M GSA energy order and Compu-Link Corp's $86M HUD contract, both with firm fixed-price terms and limited outlays ($0 and $36M respectively).
- Budget[MEDIUM RISK]▼
Low outlays relative to obligations in Harris Corporation's $102M FAA order ($33M outlayed over 19 years) and Booz Allen's $80M USPTO order (negative -$5k outlay), signaling potential deobligation continuation.
- Concentration[MEDIUM RISK]▼
High subawards in Peraton's $82M DHS CBP order (97.6% of $36M outlayed) and GDIT's $61M HHS CMS order ($13M subawards), reducing prime retention.
Opportunities(3)
- ◆
L3Harris Technologies, Inc. $5.9B ceiling on $102M FAA telecom order offers massive upside via option exercises beyond current 2025-09-30 end.
- ◆
TRAX International's $264M ceiling on $48M NASA Goddard logistics, with $39M outlayed early, positions for multi-year mission support expansion to 2029.
- ◆
Booz Allen Hamilton Inc. dual awards ($80M USPTO + $49M GSA C4ISR) total $128M obligated with $199M options, signaling civilian IT/services momentum.
Sector Themes(3)
- ◆
Brasfield & Gorrie LLC's $519M DOJ Redstone project, Trane U.S. Inc.'s $80M GSA NYC energy measures, and Clark Construction's $52M HHS grant underscore multi-year office/building investments totaling over $650M.
- ◆
Caltech's two awards ($59M + $53M Earth science/UAVSAR) and TRAX's $48M Goddard logistics total $210M obligated, with long terms to 2027-2029 despite nonprofit recipient.
- ◆
Booz Allen Hamilton's $80M USPTO IT and GDIT's $61M HHS CMS systems total $140M with strong outlays ($42M), plus HUD/ED financial orders over $200M.
Watch List(5)
- 👁
{"entity"=>"Brasfield & Gorrie LLC", "reason"=>"$519M DOJ obligation with $99M outlayed; track modifications to 2030-01-28 end and economic price adjustments.", "trigger"=>"outlay progress beyond $99M, economic price adjustment activations"}
- 👁
{"entity"=>"L3Harris Technologies, Inc.", "reason"=>"$102M FAA obligation vs. $5.9B ceiling with low $33M outlays over 19 years.", "trigger"=>"option exercises, extensions beyond 2025-09-30"}
- 👁
{"entity"=>"Trane U.S. Inc.", "reason"=>"$80M GSA energy order with $0 outlayed and $185M options over 20 years.", "trigger"=>"initial outlay starts, option exercises"}
- 👁
{"entity"=>"Booz Allen Hamilton Inc.", "reason"=>"Dual $129M obligations ($80M USPTO + $49M GSA) with options to $199M.", "trigger"=>"option exercises to 2028, outlay from negative USPTO figure"}
- 👁
{"entity"=>"TRAX International Corporation", "reason"=>"$48M NASA obligated with $265M ceiling and $39M early outlay.", "trigger"=>"option decisions post-2026-07-31"}
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