Contract Option Exercises — April 16, 2026

$449,044,826 obligation (base + options $500M) with $290M outlayed through option year three on cost-plus-fixed-fee delivery order, signaling strong execution in aircraft repair (NAICS 488190). Low pricing risk supports steady revenue to May 2024.

$326,621,055 firm-fixed-price obligation ($272M outlayed) for preventive maintenance of ventilators/PAPR under ASPR, with potential to $494M and extension to 2028. Full competition win highlights positioning in medical equipment (NAICS 811210).

$279,254,038 cost-plus-fixed-fee obligation ($160M outlayed) with $810M potential through 2027, indicating low-risk revenue in professional services (NAICS 541990).

$149,336,416 DoD award signals rare defense exposure in this civilian-heavy stream, with bullish rating despite limited details.

$107,319,406 firm-fixed-price obligation ($86M outlayed) through April 2026 for IT service desk (NAICS 541513), with woman-owned positioning.

$619,973,465 time-and-materials obligation ($191M outlayed) maturing toward $844M potential, but ending May 2024 with recompete risk.

$227,200,441 obligation ($139M outlayed) spans to 2026 with high pricing risk on 10+ year firm-fixed-price contract (NAICS 561210).

High firm-fixed-price risk in Agiliti Health ($327M HHS, $272M outlayed) and Amentum ($227M NASA) amid partial outlays and long performance periods to 2026-2028.

CGI Federal's $620M State contract ends May 2024 with no extension indicated, exposing to recompete; similar for AAR's $449M ending May 2024.

Subawards erode net revenue: AAR ($87M subawards on $449M), ABT ($64M on $279M), LMI ($28M on $94M).

Agiliti Health options/exercises to $494M HHS total and potential 2028 extension for ventilator maintenance.

ABT Global potential to $810M USAID malaria control through 2027.

Axiom Space unexercised $72M options to reach $172M NASA EVA demo through 2028.

Agiliti Health ($327M ventilators/PAPR) and DLH ($107M NIH IT) total $434M with high outlays ($358M combined), signaling sustained demand.

AAR ($449M aviation, $290M outlayed) and CGI Federal ($620M passport, $191M outlayed) dominate at $1.07B, but both near 2024 ends.

Amentum ($227M facilities to 2026) and Axiom Space ($100M EVA to 2028, $77M outlayed) provide multi-year stability totaling $327M.

{"entity"=>"CGI Federal Inc.", "reason"=>"$620M State obligation with $191M outlayed, ends May 2024", "trigger"=>"recompete announcements post-2024-05-09"}

{"entity"=>"AAR Government Services, Inc.", "reason"=>"$449M obligation ($290M outlayed), option year three active to May 2024", "trigger"=>"extensions/modifications beyond 2024-05-31"}

{"entity"=>"Agiliti Health Inc.", "reason"=>"$327M HHS with $272M outlayed, options to $494M", "trigger"=>"option exercises, extension to 2028-02-27"}

{"entity"=>"Amentum Technology, Inc.", "reason"=>"$227M NASA facilities to April 2026", "trigger"=>"outlay progress beyond $139M, end date 2026-04-12"}