Contract Deobligations Alert — January 29, 2026

Peraton and SSAI secure $2.1B obligations (60%+ of total) for IT/comms and engineering through 2026, with $370M+ options and $1.75B outlayed/subawarded.

$685M obligated to Dell and Salient CRGT for software/SaaS and incubation services, with $553M outlayed and potential $4.97B ceiling via options to 2030.

Accenture, Perini, and Smiths Detection add $367M across USMS IT, embassy construction, and TSA security through 2027-2028, fully or near-fully obligated.

$0 outlays on Accenture ($138M) and Perini ($126M) signal potential delays despite long tenors to 2026-2028.

Subawards exceed 25% of obligations in 5/7 contracts (e.g., SSAI $1.99B across 339), risking prime margins and control.

FFP/T&M structures in 5/7 expose to overruns (Dell, Perini, Smiths, Salient); option exercises needed for 80%+ upside.

$5.5B+ in unexercised options (Dell $4.1B, Salient $202M, Peraton/SSAI $370M+), 175% above current obligations.

NASA/VA dominance (85% value) in space/IT amid deobligations flags incumbency for follow-ons.

NASA's $2.1B to Peraton/SSAI underscores commitment to space comms/engineering via cost-plus awards to small/large firms.

$685M IT/SaaS obligations with 7x options multiple signal multi-year healthcare IT spend.

{"entity"=>"Peraton Inc.", "reason"=>"Largest at $1.43B NASA obligation with $370M options through 2026.", "trigger"=>"outlay acceleration >$1.13B current"}

{"entity"=>"Dell Federal Systems L.P.", "reason"=>"$567M VA with $4.65B ceiling, 82% outlayed early.", "trigger"=>"option exercise toward 2030"}

{"entity"=>"Science Systems and Applications Inc.", "reason"=>"$671M NASA small biz set-aside with $1.99B subawards.", "trigger"=>"extension beyond 2025"}