New Federal Contractors — December 30, 2025

UCOR (AECOM sub) wins $3.9B obligation (up to $4.17B options) for Oak Ridge D&D, with $839M outlayed signaling revenue ramp.

QTC (Leidos sub) captures $1.77B across 4 awards for 2026 disability exams, part of $3.3B VA cluster underscoring healthcare services growth.

$520M obligation (up to $1.12B options) to RAUMA for Coast Guard cutters signals multi-year vessel demand.

CACI ($284M GSA IT), GD IT ($177M Ed Dept), Peraton ($64M HHS) provide stable multi-year outlays totaling $525M+.

85%+ of contracts (incl. $6B+ VA/VA cluster) are FFP, exposing margins to cost overruns in healthcare/construction.

$0 outlayed in 18 contracts ($4.2B+ value, incl. all 10 VA FY26 awards) signals funding/execution delays.

Firm fixed price in construction/shipbuilding ($1.6B+, e.g., RAUMA, Barnard, GARCO) vulnerable to inflation/labor costs.

Long-duration contracts (10+ with ends 2026-2029) exposed to budget cuts, e.g., DOE FERMI to 2029.

$1.2B+ unexercised options (e.g., RAUMA $602M, UCOR $281M, CACI $93M) across 15 contracts.

VA FY26 medical exams $3.3B cluster positions winners for FY27 repeat awards in growing veterans services.

Job Corps operations multi-year wins ($183M total to Education & Training Resources) signal DOL vocational training expansion.

10 contracts totaling $3.3B for FY26 medical disability exams (50%+ to Leidos/QTC) reflect veterans benefits prioritization.

$5.86B (50% period value) in Oak Ridge D&D (AECOM) and FNAL ops sustains remediation/R&D spending.

$1B+ in shipbuilding, border infra, dams (RAUMA, GARCO, Barnard) underscores security/water priorities.

{"entity"=>"Leidos Holdings (QTC)", "reason"=>"$1.77B VA wins = 15% period value; FY26 ramp critical for revenue guide.", "trigger"=>"Q1 2026 outlays >20% of obligation"}

{"entity"=>"AECOM (UCOR)", "reason"=>"$3.9B DOE deal (34% value) with expired base end; extension key.", "trigger"=>"2026 DOE EM budget or mod notices"}

{"entity"=>"VES Inc.", "reason"=>"$1.52B VA awards; private firm with scale may attract strategic buyers.", "trigger"=>"FY26 execution + M&A rumors"}

{"entity"=>"Job Corps operators (Education & Training Resources)", "reason"=>"$105M+ multi-site wins signal DOL program growth; set-aside advantages.", "trigger"=>"Option exercises to $86M+ ceilings"}