General Federal Contracts — October 21, 2026

IT Concepts, Inc. holds a $107,772,236 labor-hours BPA call from the Social Security Administration with $106,009,224 outlayed, a current end of 2025-04-15, and a potential end of 2028-03-28 against a $174,071,303 ceiling. Continued funding would confirm a durable civilian IT services revenue stream.

SWISH DATA CORPORATION's VA delivery order carries only $86,780,922 in current obligation against a $770,695,258 base-plus-options value, with $39,536,957 outlayed. Investors should not treat the headline ceiling as committed revenue.

CACI NSS, LLC's $46,375,615 VA interface and data conversion delivery order has nine subawards totaling $54,028,703, more than the prime's own obligation, with $0 outlayed to date. Realized margin capture for the prime is uncertain until invoicing begins.

Human Learning Systems LLC has disbursed $38,433,364 of its $43,186,498 DOL obligation, leaving about $4.75M, with a current end date of 2026-11-30 and no unexercised option period in the data. Revenue visibility drops sharply absent a follow-on award.

Cherokee Nation Management & Consulting's cost-plus delivery order shows $285,990,139 of $287,001,614 outlayed with an end date of 2023-02-18, leaving no visible extension value. Because it is non-competed and expired, it does not indicate ongoing exposure.

Booz Allen Hamilton's $32,800,060 Department of Commerce order has a $33,200,060 base-plus-options ceiling, and five subawards totaling $19,673,771 flow roughly 60% of the obligation to subcontractors, limiting the prime's retained revenue. No outlays are yet reported.

ROSS GROUP CONSTRUCTION's $30,613,019 GSA courthouse delivery order shows $0 outlayed and $14,083,124 across 11 subawards, roughly 46% of obligation. Public status of the company is not established in the data.

VMD Systems Integrators' $34,998,692 TSA delivery order at Orlando Sanford airport has $17,253,155 outlayed and a potential $65,383,082 value, indicating active performance with about $30.4M still unobligated.

Several awards are funded only partially against larger ceilings, leaving substantial realized revenue dependent on future appropriations and option exercises. SWISH DATA (VA, $86.8M of $770.7M), GuideHouse (FBI, $24.2M of $28.4M), and VMD Systems (TSA, $35.0M of $65.4M) are examples.

Several recent awards show $0 outlayed, including Innovation Associates (VA, $47.4M), CACI NSS (VA, $46.4M), Floyd Construction (VA, $24.4M, rated high pricing risk), and Strategic Operational Solutions (GSA, $25.6M), so realized revenue cannot yet be confirmed.

Subcontracting pass-through is high on several primes, including CACI NSS (nine subawards at $54.0M against a $46.4M prime), Innovation Associates (34%), Booz Allen (60%), and Ross Group (46%), which reduces retained revenue and increases dependence on subcontractor performance.

Cherokee Nation's $287M order was not competed and Johns Hopkins APL's $27.9M NASA order is sole-source cost-plus, so the awards rest on non-competitive positioning that may face scrutiny at follow-on.

IT Concepts' SSA call orders (cybersecurity and non-systems technical support) could extend under options to 2028 against combined ceilings of roughly $252M, providing a continuing civilian IT channel.

Johns Hopkins APL's NASA Marshall cost-plus order carries $42.8M in base-plus-options value versus $27.9M obligated, with only 21% outlayed, offering further funding upside on a non-competed vehicle.

Set-aside awards to service-disabled veteran-owned firms (SWISH DATA at VA, Strategic Operational Solutions at GSA, Floyd Construction at VA) reflect a sustained federal policy channel for SDVOSB contractors.

Deloitte Consulting's DHS SBIR/STTR-designated award is listed at $24.4M but the record contains no description of scope, so further detail is needed before assessing growth potential.

IT and application support awards dominate the batch, including IT Concepts' SSA orders ($107.8M and $39.1M), CACI NSS's VA financial system task ($46.4M), SWISH DATA's VA Linux renewal ($86.8M), and Booz Allen's USPTO order ($32.8M), indicating steady civilian agency demand for labor-based IT support.

VA awards span pharmacy automation (Innovation Associates, $47.4M), financial system modernization (CACI NSS, $46.4M), Linux support (SWISH DATA, $86.8M), and endoscopy suite construction (Floyd Construction, $24.4M), totaling roughly $205M across the batch.

Construction awards from GSA, DHS, and VA include Whiting-Turner's FLETC facility ($31.6M), Ross Group's courthouse ($30.6M), and Floyd Construction's VA suite ($24.4M), with multiple projects showing $0 or low outlays.

{"entity" => "IT Concepts, Inc.", "reason" => "Two SSA awards totaling $146.8M in obligation, with the larger $107.8M order at $106.0M outlayed and near its funding limit.", "trigger" => "Option exercise or modification before the 2025-04-15 current end date"}

{"entity" => "SWISH DATA CORPORATION", "reason" => "$86.8M current obligation against a $770.7M base-plus-options value, so headline ceiling depends heavily on option exercise.", "trigger" => "Option period exercises through 2030-09-28"}

{"entity" => "Human Learning Systems LLC", "reason" => "Minot JCC contract with $4.75M remaining and a 2026-11-30 end date.", "trigger" => "Recompetition or follow-on award ahead of 2026-11-30"}

{"entity" => "CACI NSS, LLC", "reason" => "Nine subawards totaling $54.0M exceed the prime's $46.4M obligation, with $0 outlayed.", "trigger" => "First outlay reporting and option exercise"}

{"entity" => "Johns Hopkins University Applied Physics Laboratory LLC", "reason" => "Sole-source NASA cost-plus order at 21% outlayed with $14.9M of unobligated option value.", "trigger" => "Option exercise or incremental funding before 2027-03-31"}

{"entity" => "Department of Veterans Affairs", "reason" => "Largest concentration of awards in the batch, spanning services, equipment, and construction, so VA budget direction is a common driver.", "trigger" => "Annual VA appropriations and fiscal-year-end obligation cycle"}