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High-Value Federal Grants ($5M+) — April 15, 2026

High-Value Federal Grants ($5M+)

9 total filings analysed

Executive Summary

This digest covers $3,349,025,927 in high-value federal grants ($5M+) awarded or active during April 15, 2026, with 0/9 defense-related and all civilian agency obligations. Dominant themes include long-duration IT and technical support contracts to DOE ($293.8M across UNWIN CO and Bluewater Federal Solutions), HHS ($88.2M to SOFTRAMS LLC), and DHS ($330M to General Dynamics IT), signaling steady civilian spending in IT services and security analysis. Highest-conviction bullish signal is XATOR LLC's $2.31B Department of State contract (materiality 8/10), providing massive revenue potential despite limited details. Key risk is execution uncertainty from low or zero outlays on historical contracts like General Dynamics IT's $330M DHS award ($0 outlayed post-2015). Investors should monitor option exercises and outlay progress for revenue realization in public parents like General Dynamics (GD) and Tetra Tech (TTEK).

Tracking the trend? Catch up on the prior High-Value Federal Grants ($5M+) digest from April 14, 2026.

Investment Signals(8)

  • XATOR LLC Secures $2.31B Department of State Contract(HIGH)

    XATOR LLC awarded $2,309,491,422 obligation from Department of State on 2023-03-17, highest materiality (8/10) bullish signal dominating 69% of total digest value.

  • UNWIN CO Lands $213.8M DOE Set-Aside Through 2026(MEDIUM)

    UNWIN CO, small business, awarded $213,772,540 definitive contract (time & materials) by DOE on 2020-02-21, with $178.6M outlayed and performance to 2026-04-13.

  • Bluewater Federal Solutions (Tetra Tech Sub) Gains $80M DOE IT Order to 2026(MEDIUM)

    Tetra Tech subsidiary Bluewater Federal Solutions received $80,013,310 DOE delivery order (time & materials) on 2019-09-17, $62.8M outlayed, potential to $96.9M through 2026-09-19.

  • SOFTRAMS LLC Wins $88.2M HHS CMS IT Delivery Order(MEDIUM)

    SOFTRAMS LLC, HUBZone small business, awarded $88,157,680 firm-fixed-price delivery order from HHS CMS on 2024-02-21, $57M outlayed, potential to $195.5M through 2029.

  • General Dynamics IT Holds $330M Historical DHS Contract with $0 Outlay(LOW)

    General Dynamics Information Technology (GD sub) has $329,952,976 DHS USCIS cost-plus-fixed-fee order from 2011 (ended 2015), full options to $358M but $0 outlayed to date.

  • CLOUDSHAPE LLC Secures $64.2M USAID Data Center Order to 2032(MEDIUM)

    CLOUDSHAPE LLC, small disadvantaged business, awarded $64,166,604 firm-fixed-price USAID delivery order on 2022-12-11, $32.9M outlayed, potential to $150.4M through 2032.

  • Arrowstreet Capital LP Manages $64M PBGC Portfolio Through 2027(MEDIUM)

    Arrowstreet Capital LP awarded $63,990,636 firm-fixed-price PBGC contract on 2017-03-30 for portfolio management, $32.1M outlayed midway through 10-year term to 2027.

  • PCI Productions LLC Executes $71M NASA 8(a) Communications Contract(LOW)

    PCI Productions LLC, 8(a) small disadvantaged business, has $71,027,408 NASA firm-fixed-price contract from 2023, $58.3M outlayed, potential to $202.6M through 2028.

Risk Flags(3)

  • Execution[HIGH RISK]

    General Dynamics IT's $329.9M DHS contract shows $0 outlayed despite 2011-2015 performance period, signaling stalled spending or backlog clearance issues.

  • Execution[MEDIUM RISK]

    Multiple contracts like KOENIG & BAUER's $128.5M Treasury award have uneven outlays ($83M of $128M) and long tails to 2027, with high firm-fixed-price risk.

  • Budget[MEDIUM RISK]

    Small business set-asides like UNWIN CO's $213.8M DOE contract face medium time & materials pricing risk amid potential civilian budget shifts.

Opportunities(3)

  • Tetra Tech (TTEK) via Bluewater Federal Solutions' $80M DOE IT order offers medium-term upside with $34M remaining obligation and options to $96.9M.

  • UNWIN CO's small business set-aside $213.8M DOE contract provides revenue visibility through 2026-04-13 with strong $178.6M outlay execution.

  • SOFTRAMS LLC's $88.2M HHS CMS IT order has ceiling to $195.5M, signaling growth in healthcare IT for HUBZone small business.

Sector Themes(2)

  • DOE awards to UNWIN CO ($213.8M security analysis) and Bluewater/Tetra Tech ($80M IT support) plus HHS to SOFTRAMS ($88.2M CMS programming) total $382M, with high outlays indicating sustained demand.

  • Contracts like CLOUDSHAPE's $64.2M USAID data center order to 2032, Arrowstreet's $64M PBGC portfolio management to 2027, and KOENIG & BAUER's $128.5M Treasury printing to 2027 provide decade-long visibility.

Watch List(4)

  • 👁

    {"entity"=>"General Dynamics Corp (GD)", "reason"=>"$329.9M DHS contract with $0 outlayed post-2015 signals potential backlog or dormancy.", "trigger"=>"outlay activity or modifications beyond 2015-09-25"}

  • 👁

    {"entity"=>"Tetra Tech, Inc. (TTEK)", "reason"=>"Bluewater sub's $80M DOE order has $62.8M outlayed but options to $96.9M through 2026-09-19.", "trigger"=>"options exercise toward $96.9M ceiling"}

  • 👁

    {"entity"=>"XATOR LLC", "reason"=>"$2.31B State contract dominates value but lacks revenue/pricing details.", "trigger"=>"outlay progress and execution updates"}

  • 👁

    {"entity"=>"SOFTRAMS LLC", "reason"=>"$88.2M HHS order with $57M outlayed and ceiling to $195.5M.", "trigger"=>"option exercises and obligation increases"}

Get daily alerts with 8 investment signals, 3 risk alerts, 3 opportunities and full AI analysis of all 9 filings

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