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Contract Deobligations Alert — April 12, 2026

Contract Deobligations Alert

2 total filings analysed

Executive Summary

Contract deobligations alert for April 12, 2026, aggregates $1,954,256,236 in total obligations across two actions, entirely civilian with 0/2 defense-related and average signal strength 5.5/10. The dominant event is Department of Commerce's $1,826,088,581 deobligation involving L3Harris Technologies, Inc. (2009 award), the highest-conviction bullish signal (strength 7/10, materiality 8/10). Department of Education's $128,167,655 deobligation to Missouri Higher Education Loan Authority (March 31, 2026 award) carries a neutral signal (strength 4/10, materiality 4/10) in student loan servicing. Civilian agencies (Commerce, Education) drive the theme of obligation adjustments. Key watch item: $0 outlays to date on Missouri Higher Education Loan Authority contract, with options expandable to $295,652,367.

Tracking the trend? Catch up on the prior Contract Deobligations Alert digest from April 11, 2026.

Investment Signals(2)

  • L3Harris Technologies, Inc. $1.83B Department of Commerce Contract(HIGH)

    L3Harris Technologies, Inc. linked to $1,826,088,581 defense contract deobligation from Department of Commerce (2009-05-27 award), generating bullish signal with strength 7/10 and materiality 8/10.

  • Missouri Higher Education Loan Authority $128M Department of Education Delivery Order(MEDIUM)

    Missouri Higher Education Loan Authority awarded $128,167,655 fixed-price with economic price adjustment delivery order (base + options to $295,652,367) from Department of Education's FSA Acquisitions Office for student loan servicing, under full and open competition with $0 outlays to date.

Risk Flags(2)

  • Budget[HIGH RISK]

    Deobligation of $1,826,088,581 on L3Harris Technologies, Inc. contract with Department of Commerce (2009 vintage) signals potential civilian budget reallocations amid fiscal tightening.

  • Execution[MEDIUM RISK]

    Missouri Higher Education Loan Authority faces medium contract pricing risk on $128,167,655 fixed-price with economic price adjustment structure and $0 outlays since April 1, 2026 start.

Opportunities(1)

  • Missouri Higher Education Loan Authority has upside via unexercised options expanding $128,167,655 base obligation to $295,652,367 ceiling for Department of Education student loan servicing.

Sector Themes(1)

  • $1.95B total deobligations led by Department of Commerce ($1.83B to L3Harris Technologies, Inc.) and Department of Education ($128M to Missouri Higher Education Loan Authority) reflect adjustments in non-defense spending.

Watch List(2)

  • 👁

    {"entity"=>"L3Harris Technologies, Inc.", "reason"=>"$1,826,088,581 deobligation tied to 2009 Department of Commerce contract amid bullish signal.", "trigger"=>"Further obligation adjustments or Department of Commerce budget announcements"}

  • 👁

    {"entity"=>"Missouri Higher Education Loan Authority", "reason"=>"$128,167,655 obligation with $0 outlays and options to $295,652,367 under fixed-price with economic price adjustment.", "trigger"=>"Outlay progress, option exercises by December 31, 2026"}

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