Federal IT & Cybersecurity Contracts — January 10, 2026

Aggregate $544.8M obligations with $264.6M (49%) already outlayed across multi-year contracts ending 2025-2026 provide revenue visibility.

4/5 winners (80% value) from Reston/Fairfax/McLean, VA, win without set-asides, underscoring competitive edge in IT services.

Unexercised options total $7.6M (Salient) to $270M (PDRI), with base+options reaching $757M across portfolio.

Low outlay progress on 40% of contracts (e.g., 10% on Salient CRGT vs. $137.6M obligation) amid 2025-2026 tails

Interim bridge (DEV Tech) and long tails expose to recompetes post-2026

T&M/hybrid pricing (80% contracts) vulnerable to labor rate audits; FFP margin pressure

$270M+ options and follow-ons from IT modernization (e.g., FAA NOTAM, CBP ACE/ATAP)

Fed agencies prioritizing HR assessments (OPM), cargo systems (DHS), infrastructure (NSF)

Contracts cluster around app dev/O&M for critical systems (USA Hire, NOTAM, ACE), with 7-year durations averaging $109M each.

80% value to Reston-area firms via open competition signals ecosystem strength.

{"entity"=>"PDRI (Personnel Decisions Research Institutes)", "reason"=>"$270M options upside on $395M ceiling with 79% outlay progress", "trigger"=>"Option exercises pushing toward $395M"}

{"entity"=>"Salient CRGT", "reason"=>"Only 10% outlay on $137.6M despite 6-year run; heavy 33% subawards", "trigger"=>"Outlay acceleration or FY2026 funding lapse"}

{"entity"=>"DEV Technology bridge order", "reason"=>"17-month DHS interim with $1.9M options; recompete risk at 2026", "trigger"=>"CBP RFP issuance for ACE/ATAP"}