Executive Summary
The 11 federal IT and cybersecurity awards dated 2022 through 2026 aggregate $231,292,955 in total obligation, with 0 of 11 defense-related and all 11 civilian (DHS, HHS, GSA, Treasury, VA). The dominant theme is DHS, which accounts for five awards (Anduril $42,066,939; SALIENT CRGT $23,895,601; DEFINITIVE LOGIC $16,499,505; Accenture Federal $14,823,471; SPATIAL FRONT $10,831,013), followed by HHS/CMS with three.
The highest-conviction signal is Accenture Federal Services' CBP Cyber Security Operations Center delivery order ($14,823,471 obligated against a $121,415,324 ceiling), a large-prime cybersecurity win under full and open competition, though it has $0 outlayed so far. The most material risk is execution and conversion: Booz Allen Hamilton's GSA order ($38,452,810 obligated, $0 outlayed against a $373,036,880 ceiling) and Spatial Front's USCIS order (only $1,347,491 of $10,831,013 outlayed) show large headline values with little realized revenue. Several records lack public-company linkage, tickers, or financials, so direct equity impact is not established for most entities.
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Tracking the trend? Catch up on the prior Federal IT & Cybersecurity Contracts digest from September 27, 2026.
Investment Signals (8)
- Accenture Federal Services wins $14.8M CBP cybersecurity operations delivery order with $121.4M ceiling (MEDIUM)▲
The firm fixed-price award from CBP carries a $14,823,471 obligation against a $121,415,324 base-plus-options value, running to a potential 2031-09-23 end. Full and open competition with no set-aside indicates a conventional large-prime win in DHS cybersecurity operations.
- Anduril Industries receives $42.1M DHS/CBP Air and Marine delivery order with 66% outlayed (LOW)▲
Anduril's firm fixed-price Delivery Order 18 from CBP's Air and Marine Contracting Division has $27,713,957 outlayed of $42,066,939 obligated, indicating strong execution pace. The award was competed full and open, but scope is undisclosed and no public-company linkage is in the data.
- Booz Allen Hamilton GSA order: $38.5M obligated, $373.0M ceiling, options could extend to 2031 (MEDIUM)▲
Booz Allen's time-and-materials task order for Executive Aircraft Division IT support has a current end of 2027-01-19 and potential end of 2031-07-19. Option exercise or ceiling growth would materially increase value, but $0 outlayed so far.
- Booz Allen Hamilton: only 10% of ceiling obligated and no outlays recorded (MEDIUM)▲
Of the $373,036,880 base-plus-options value, only $38,452,810 (about 10.3%) is obligated and $0 is outlayed. Headline ceiling overstates near-term revenue, and subaward flow of $7,853,710 is about 20% of the current obligation.
- SPATIAL FRONT USCIS order: only $1.35M of $10.8M obligation outlayed (MEDIUM)▲
The 8(a) time-and-materials delivery order has $1,347,491 outlayed against $10,831,013 obligated, roughly 3.8% of the $35,424,304 ceiling. The award is high pricing risk per the data and sits with a private, S-corp small business.
- NTT DATA Services CDC hosting order passed its current end date of 2024-01-10 (MEDIUM)▲
The $17,329,680 time-and-materials order (95.5% of its $18,153,977 ceiling) is past its current end date, and the data does not show whether it was extended or recompeted. Continuity of CDC hosting revenue is unconfirmed.
- RELI Group sole-source CMS NPPES follow-on: $12.9M with 85% outlayed (MEDIUM)▲
RELI's sole-source follow-on under the SPARC IDIQ for NPPES O&M has $10,930,650 outlayed of $12,859,897, indicating incumbent continuity. Revenue is largely already recognized, so it adds limited forward pipeline.
- SALIENT CRGT (GOVCIO) USCIS help desk order: $23.9M obligated, $163.4M ceiling, 2026-11-06 end (MEDIUM)▲
The time-and-materials delivery order has only about 15% of its ceiling obligated, and option exercise around the 2026-11-06 current end date is the key catalyst. Seven subawards totaling $5,067,410 indicate partial subcontractor reliance.
Risk Flags (5)
- Execution [HIGH RISK]▼
Large ceiling-to-obligation gaps across several awards leave most potential value dependent on option exercise: Booz Allen GSA (10.3% obligated), SALIENT CRGT USCIS (15% obligated), Spatial Front USCIS (31% obligated), FEDSTORE VA (22% obligated).
- Execution [MEDIUM RISK]▼
Zero outlays recorded on the Accenture Federal CBP cyber award and the Booz Allen GSA order, meaning performance has not yet been evidenced in the data.
- Regulatory [MEDIUM RISK]▼
Expired or near-expiry performance periods and unclear extension status on NTT DATA CDC order and the VA FEDSTORE order's option status.
- Concentration [MEDIUM RISK]▼
Pricing risk flagged high on SALIENT CRGT and Spatial Front awards; firm fixed-price awards (Anduril, Accenture, Priority Fulfillment, RELI, Definitive Logic) shift overrun risk to contractors.
- Budget [MEDIUM RISK]▼
No multi-year appropriations or budget trend data is provided for DHS, HHS, GSA, Treasury, or VA, so budget durability cannot be verified for any award.
Opportunities (4)
- ◆
Accenture Federal's CBP cyber operations ceiling of $121,415,324 provides a large expansion path if options are exercised.
- ◆
RELI Group's sole-source SPARC IDIQ follow-on for CMS NPPES O&M signals incumbent continuity on a $12.9M order.
- ◆
8(a) and SDVOSB set-asides (VERSA Integrated $11.8M at CMS, Spatial Front $10.8M at USCIS, FEDSTORE $13.7M at VA) show protected-category awards with ceiling expansion potential.
- ◆
Booz Allen's GSA order has a $373.0M ceiling against $38.5M obligated, giving substantial upside if options exercise.
Sector Themes (3)
- ◆
DHS accounts for five of 11 awards, including CBP cyber operations, Air and Marine systems, and USCIS IT support, totaling roughly $108M in obligations.
- ◆
CMS awards to RELI Group ($12.9M) and VERSA Integrated ($11.8M) emphasize O&M and application support rather than new development.
- ◆
Four of 11 awards went to 8(a), SDVOSB, or HUBZone firms (RELI, VERSA, FEDSTORE, Spatial Front), reflecting policy-driven demand alongside full-and-open wins.
Watch List (5)
- 👁
{"entity" => "Accenture plc", "reason" => "$14,823,471 CBP cyber operations order with a $121.4M ceiling, $0 outlayed so far.", "trigger" => "First outlay reporting after 2026-09-24 start; option exercise decisions"}
- 👁
{"entity" => "Booz Allen Hamilton Inc", "reason" => "Only 10.3% of $373.0M ceiling obligated and $0 outlayed on the GSA order.", "trigger" => "Option exercise before 2027-01-19 current end date"}
- 👁
{"entity" => "SALIENT CRGT, INC. / GOVCIO, LLC", "reason" => "$23.9M USCIS order with 15% of $163.4M ceiling obligated.", "trigger" => "Option exercise and modifications around 2026-11-06 current end"}
- 👁
{"entity" => "NTT DATA Services Federal Government, LLC", "reason" => "CDC hosting order $17.3M obligated, current end 2024-01-10 already passed with no extension shown.", "trigger" => "Modification records or successor/recompete award announcement"}
- 👁
{"entity" => "Anduril Industries, Inc.", "reason" => "$42.1M CBP delivery order with 66% outlayed, a large private-company award with no public linkage shown.", "trigger" => "Quarterly outlay progression; follow-on delivery orders under CBP Air and Marine vehicle"}
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