Significant Contract Modifications ($10M+) — April 22, 2026

Maximus awarded $106M obligated Time & Materials delivery order by DOI for DOD SAP CIO SETA services (NAICS 541511), with ceiling to $200M through 2026, under full competition.

Cognosante MVH (Novetta subsidiary) received $104M obligated Time & Materials order from VA for T4NG Cloud Operations (NAICS 541512), $83M outlayed including $71M subawards, ceiling to $186M through 2026.

Palantir Technologies awarded $95M firm fixed price BPA call by USDA for Landmark Platform farm IT centralization (NAICS 513210), one-year term starting April 2026 under full competition, $0 outlayed.

California Institute of Technology awarded $91M obligated cost-plus-fixed-fee NASA delivery order for MAIA aerosols project (NAICS 541715), $61M outlayed, non-competitive through 2028.

Cognosante MVH faces high subaward concentration with $71M (86%) of $83M outlays across 13 subs, potentially eroding prime margins.

Palantir's $95M USDA BPA call has $0 outlayed in one-year term starting April 2026, vulnerable to funding delays.

Caltech's $91M NASA R&D order was non-competitive, signaling potential re-compete risk post-2028.

Medium pricing risk on Time & Materials structures for Maximus ($106M DOI) and Cognosante ($104M VA) due to variable outlays.

Maximus option exercises from $106M to $200M ceiling on DOI IT contract through 2026-01-01.

Cognosante potential expansion from $104M obligation to $186M including options on VA cloud services.

Palantir outlay ramp-up on $95M USDA SaaS BPA call during 2026-2027 performance period.

DOI ($106M Maximus custom programming), VA ($104M Cognosante cloud migration), and USDA ($95M Palantir SaaS) awards underscore civilian push for IT systems integration and cloud ops under full competition.

NASA's $91M non-competitive R&D award to Caltech (60% outlayed, through 2028) supports sustained space science funding.

{"entity"=>"Maximus Federal Consulting, LLC", "reason"=>"$106M DOI obligation with $199M ceiling; track option exercises and outlays.", "trigger"=>"option exercises toward 2026-01-01"}

{"entity"=>"Cognosante MVH LLC", "reason"=>"$104M VA obligation, $83M outlayed with high subawards; monitor retention.", "trigger"=>"outlays beyond $83M, options to $186M"}

{"entity"=>"Palantir Technologies Inc.", "reason"=>"$95M USDA BPA with $0 outlayed; high firm fixed price risk.", "trigger"=>"outlay progress in 2026-2027"}

{"entity"=>"California Institute of Technology", "reason"=>"$91M NASA R&D with $61M outlayed; long-term through 2028.", "trigger"=>"options to $102M, 2028-09-30 end date"}