New Federal Contractors — October 22, 2026

The current obligation is only about 5.6% of the $401,685,093 base-plus-options value, so the award's long-term significance depends on option exercise through 2031-07-31. Recipient public-market status is not disclosed in the data.

A firm-fixed-price management consulting call order from USDA RHS with $0 outlayed as of the data date; realization of this revenue is unproven until outlays begin in the 2026-09-27 to 2027-09-26 window. Parent Veritas Capital Fund Management is private equity, so no direct public equity vehicle is indicated.

Grunley Construction ($29,213,000), GUIDEHOUSE ($25,706,592), CDEEM CO ($22,900,000), CQ JV ($22,928,263) and UNIVERSAL PROTECTION SERVICE ($22,644,780) each report $0 outlayed, aggregating roughly $123 million of obligations with no recognized cash to date. Realization depends on performance start dates falling in late 2026 and 2027.

Six subawards totaling more than the prime's obligation indicate the prime retains limited work share, and subawardee identities are not disclosed. This creates visibility risk for investors tracking defense-adjacent PNT and cyber support spend.

NAICS and PSC codes for natural gas extraction and electric utilities do not clearly match the NIH facility work described, limiting confidence in the award's strategic significance. About 94.6% ($42,124,121) is already outlayed against a 2027-09-30 end date.

Several awards carry large potential ceilings contingent on option exercise, including UNIVERSAL PROTECTION SERVICE ($401,685,093 ceiling vs $22,644,780 obligated), KYC Advisors ($82,909,800 ceiling vs $22,511,725), and DYNANET ($64,887,919 ceiling vs $21,278,158). Funding continuity is not guaranteed by the current obligations.

CDEEM CO's $22,900,000 VA generator upgrade is a firm-fixed-price SDVOSB set-aside with a current end date of 2026-10-16 and $0 outlayed, creating cost-overrun and schedule risk on a short performance window.

Full-and-open competition awards (Dean Snyder Construction, Grunley, GUIDEHOUSE, SALIENSE, WGL) face price pressure without a set-aside moat, while set-aside holders (HEALTHCARE MANAGEMENT SOLUTIONS, KYC ADVISORS, CDEEM) face narrower competitive pools.

Defense-adjacent PNT and cyber work under CQ JV depends on DoD budget and NDAA priorities that are not described in the single GSA FAS delivery order data.

Small business set-aside holders with multi-year ceilings, including HEALTHCARE MANAGEMENT SOLUTIONS ($39,936,031 ceiling), KYC ADVISORS ($82,909,800 ceiling), and DYNANET ($64,887,919 ceiling), could expand revenue through option exercise.

CQ JV's military PNT and cybersecurity order with a $32,999,513 base-plus-options value could expand if options are exercised, with subawardee exposure in the $29,353,830 subaward pool.

Multi-year NASA, DOE NNSA and DOT/FAA research and consulting awards (JPL, Aerospace Corporation, SALIENSE) indicate continued federal civilian R&D and consulting demand, though most recipients are nonprofits or private firms.

Construction and facilities awards from USDA APHIS ($32,885,020), Smithsonian ($29,213,000), and VA ($22,900,000) show continued federal capital spending on lab, museum and hospital infrastructure. Revenue realization is largely pending, with $0 to $4.7M outlayed on these awards to date.

Management consulting, DevSecOps and IT program support awards to GUIDEHOUSE ($25,706,592), KYC ADVISORS ($22,511,725), DYNANET ($21,278,158), and HEALTHCARE MANAGEMENT SOLUTIONS ($23,072,715) show steady civilian demand for professional services under set-aside and open competition.

UNIVERSAL PROTECTION SERVICE's DHS border security order ($401,685,093 ceiling) and CQ JV's military PNT cybersecurity order ($32,999,513 ceiling) represent the only security-focused awards in the period, though only one is strictly defense-coded.

{"entity" => "GUIDEHOUSE INC. / Veritas Capital", "reason" => "$25,706,592 USDA RHS call order with $0 outlayed; parent is private equity, so this is a monitoring item for any future public-company disclosure.", "trigger" => "First outlay reports after 2026-09-27 start date"}

{"entity" => "AltaGas Limited", "reason" => "Parent of WGL Energy Services, which holds a $44,527,131 NIH delivery order with 94.6% outlayed and unclear scope.", "trigger" => "Parent-level disclosure on U.S. federal contract revenue; 2027-09-30 end date"}

{"entity" => "UNIVERSAL PROTECTION SERVICE (public parent unknown)", "reason" => "$401,685,093 potential DHS/FPS ceiling with $22,644,780 currently obligated; public-company status not determinable from data.", "trigger" => "Option exercise decisions around 2027-07-31 current end date"}

{"entity" => "Defense PNT and cybersecurity subcontractors (CQ JV)", "reason" => "$29,353,830 in six subawards with undisclosed subawardee identities, the largest opaque subcontract pool in this period.", "trigger" => "Subawardee disclosures and option exercise toward 2027-05-20"}