Federal IT & Cybersecurity Contracts — March 19, 2026

$532M obligated across 4-year periods to 2026-2028 provides revenue visibility, with $269M outlayed (51%) to date.

$226M to Cognosante ($147M IT apps) and Reingold ($79M mental health IT), with $99M outlayed and options to $426M total.

Long 4-year periods to 2026-2028 expose to funding cuts, scope changes, or delays; $0 outlay on Reingold signals startup risks.

Pricing variances: cost-plus fee uncertainty (GD), FFP overruns (Cognosante/Reingold), T&M audits (ADG-REI); subawards >$450M total create dependencies.

$259M unexercised options across GD ($59M), Cognosante ($67M), Reingold ($133M) could expand value 49%.

Small biz wins in full/open comp (ADG-REI DevSecOps, Reingold set-aside) signal follow-on potential in cyber/IT.

NAICS 541512 dominance in cyber ops, DevSecOps, IT apps via GSA/VA/DHS underscores multi-year federal priorities.

$450M+ subawards (GD $100M/60, Cognosante $179M/14) enable ecosystem expansion.

{"entity"=>"General Dynamics IT", "reason"=>"Largest award ($208M GSA cyber) with $59M options and $100M subs.", "trigger"=>"Option exercise or outlay ramp to $208M"}

{"entity"=>"Cognosante MVH LLC", "reason"=>"$147M VA IT with high $99M outlay and $179M subs.", "trigger"=>"Options to $214M or extension to 2027"}

{"entity"=>"J.R. Reingold & Associates", "reason"=>"$79M VA with $133M options but $0 outlay.", "trigger"=>"Initial funding/outlays signaling execution"}