Contract Deobligations Alert — October 21, 2026

IT Concepts holds a $107,772,236 SSA BPA call for non-systems technical support (current end 2025-04-15, potential 2028-03-28) and a $39,071,817 SSA cybersecurity call (potential end 2028-03-28), with nearly all of the cybersecurity obligation already outlayed ($38,940,867). Option exercise on both would sustain the relationship through 2028.

Strategic Operational Solutions Inc's GSA order for Army Reserve/National Guard Bureau IT support carries a $25,589,810 obligation against a $130,903,457 base-plus-options value, with no outlays reported yet, so realized revenue is unproven and most value is contingent.

Floyd Construction's $24,402,210 firm-fixed-price VA endoscopy construction award has $0 outlayed and identical current and potential end dates (2027-04-23), so cost-overrun exposure sits with a private contractor and execution is unverified.

VMD Systems Integrators' $34,998,692 TSA delivery order at Orlando Sanford airport has $17,253,155 (about 49%) outlayed, indicating active performance against a $65,383,082 base-plus-options value running to 2029-12-31.

The largest award in the set is a $287,001,614 non-competed cost-plus-fixed-fee State Department order with an end date of 2023-02-18 and no disclosed follow-on, so the revenue is historical and its recipient is not publicly traded.

Innovation Associates (parent Walgreens Boots Alliance) holds a $47,350,938 VA CMOP automation award with $0 outlayed and 8 subawards totaling $16,314,505 (about 34%), limiting the prime's retained share and leaving realized impact unproven.

Several awards show $0 outlays against meaningful obligations, including Strategic Operational Solutions ($25.6M), Floyd Construction ($24.4M), Innovation Associates ($47.4M), CACI NSS ($46.4M), Tecolote Research ($47.4M), and Ross Group ($30.6M), so realized revenue cannot be confirmed in this snapshot.

Several awards are structured around option exercise, with realized value well below base-plus-options ceilings: Swish Data ($86.8M obligated vs $770.7M), Booz Allen ($32.8M vs $33.2M, a narrow gap), Tecolote ($47.4M vs $166.4M), CACI NSS ($46.4M vs $150.0M), and Strategic Operational Solutions ($25.6M vs $130.9M).

IT Concepts holds two SSA awards totaling ~$146.8M, creating single-agency, single-recipient concentration within this stream.

Several awards were not competed or were sole-source, including Cherokee Nation ($287M), Caltech/JPL ($46.3M), and Johns Hopkins APL ($27.9M), which are protest-resistant in the near term but raise questions about durability on recompete.

VA continues to fund healthcare infrastructure and IT, evidenced by Floyd Construction's endoscopy suite ($24.4M), CACI NSS's IFAMS data work ($46.4M), and Swish Data's Red Hat renewal (up to $770.7M potential), suggesting recurring VA demand across construction and IT.

Johns Hopkins APL and Caltech/JPL hold non-competed NASA cost-plus awards ($27.9M and $46.3M), reflecting durable positioning in federally funded research centers.

Strategic Operational Solutions' SDVOSB-set-aside Army Reserve/National Guard IT award carries a $130.9M potential value, offering defense-adjacent upside if options and funding are exercised.

Of the 21 awards, IT and professional services (SSA, VA, GSA, DOJ, Commerce) account for the largest share of recurring, labor-based or delivery-order work, with IT Concepts, Booz Allen, GuideHouse, and CACI NSS representing the core.

Only one of 21 awards (Strategic Operational Solutions, Army Reserve/NGB IT) is defense-related, so this digest provides limited read-through on DOD budget direction.

Multiple construction and facilities awards report large subaward shares, including Ross Group (46% subawards), Innovation Associates (34%), Booz Allen (60%), and Whiting-Turner's FLETC project.

{"entity" => "IT Concepts, Inc.", "reason" => "Holds two SSA awards totaling ~$146.8M; the $39.1M cybersecurity call is nearly fully outlayed while the $107.8M BPA call has a current end of 2025-04-15.", "trigger" => "SSA option exercise or follow-on announcement near 2025-04-15"}

{"entity" => "Strategic Operational Solutions Inc", "reason" => "Only defense-related award in the set; $0 outlayed against a $130.9M potential value.", "trigger" => "First outlay reporting and option exercise before 2027-06-09"}

{"entity" => "Walgreens Boots Alliance, Inc. (via Innovation Associates)", "reason" => "$47.4M VA CMOP automation award with $0 outlayed and 34% subaward pass-through; parent materiality unverified.", "trigger" => "Quarterly outlay activity and installation milestones before 2027-07-16"}

{"entity" => "Floyd Construction Corp", "reason" => "High-risk firm-fixed-price VA construction with $0 outlayed and identical current and potential end dates.", "trigger" => "Monthly outlay progression and any change orders before 2027-04-23"}

{"entity" => "Booz Allen Hamilton Inc", "reason" => "$32.8M USPTO IT award with 60% subaward flow-down ($19.7M), limiting retained revenue.", "trigger" => "Outlay and invoicing confirmation and option exercise toward 2027-10-31"}