Federal IT & Cybersecurity Contracts — September 05, 2026

PAE Professional Services LLC's $224.5 million obligation under the USCIS contract has only $59.1 million outlayed, indicating potential underperformance or funding delays. The firm-fixed-price structure shifts cost risk to Amentum, which could pressure margins if operational costs exceed estimates.

The firm-fixed-price contract with USCIS carries high execution risk for Amentum, as cost overruns would directly impact margins. The low outlay of $59.1 million against the $224.5 million obligation suggests potential underperformance or contract modifications.

USCIS is a fee-funded agency within DHS, providing a stable budget environment for IT infrastructure services. Amentum could see growth if USCIS expands its Application Support Center operations or if new solicitations arise for similar services.

The contract with USCIS for computer facilities management services (NAICS 541513) highlights the stable, fee-funded nature of civilian agency IT infrastructure spending, which is less volatile than defense budgets but subject to policy changes.

{"entity" => "Amentum Holdings Inc.", "reason" => "The USCIS contract's low outlay and past end date suggest potential revenue gaps or recompete risks.", "trigger" => "USCIS re-compete announcement or contract modification news."}