DOE Energy Grants — February 22, 2026

Cost-plus award fee contracts provide committed funding with $3.83B outlayed to date, signaling reliable cash flows for env remediation leaders through 2025-2026.

Single $10.57B contract dominates stream, amplifying impact of Hanford-specific developments on Amentum.

Hanford ($10.57B) ends 2025-02-23 and West Valley ($994M) 2026-05-25, inviting recompetition under full/open terms.

$7.14B remaining obligations vulnerable to funding delays, as seen in partial outlays (32% Hanford, 41% West Valley).

$1.1B unexercised options ($774M Hanford base+options gap; $89M West Valley) offer near-term revenue upside.

Ongoing Hanford restoration and West Valley Phase 1 needs position firms for follow-on contracts post-2026.

$11.56B obligations highlight sustained federal spend on tank farms and decommissioning under NAICS 562211/562910.

{"entity"=>"Amentum Services Inc.", "reason"=>"91% stream exposure via $10.57B Hanford contract nearing 2025 end.", "trigger"=>"Recompetition RFP or extension award >$5B"}

{"entity"=>"Jacobs Engineering Group Inc.", "reason"=>"$994M West Valley provides EM revenue anchor to 2026.", "trigger"=>"Option exercise or Phase 2 contract announcement"}

{"entity"=>"Hanford/West Valley rebid activity", "reason"=>"Potential $11B+ renewal pipeline post-end dates.", "trigger"=>"DOE procurement notices signaling follow-ons"}