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Federal IT & Cybersecurity Contracts — February 14, 2026

Federal IT & Cybersecurity Contracts

1 total filings analysed

Executive Summary

CMS awarded A Square Group LLC a $164M obligated (up to $221M) time-and-materials IT contract for WMS systems, with $159M already outlayed, delivering strong revenue visibility for this woman/minority-owned small business through Feb 2026. Bullish for small-cap federal IT contractors benefiting from set-asides, with $58M options and potential 2027 extension as key upside. Risks center on T&M scrutiny and budget-dependent options in a re-competed vehicle.

Tracking the trend? Catch up on the prior Federal IT & Cybersecurity Contracts digest from February 13, 2026.

Investment Signals(1)

  • $164M CMS IT award locks in 2026 revenue(HIGH)

    $163.9M obligation (base + exercised options) with $158.9M outlayed under NITAAC CIO-SP3 small business set-aside provides high visibility for IT SaaS delivery through 2026.

Risk Flags(3)

  • Execution[MEDIUM RISK]

    Time-and-materials pricing risks government scrutiny on rates or ceilings

  • Regulatory[HIGH RISK]

    Budget cuts could prevent option exercise or 2027 extension

  • Competitive[MEDIUM RISK]

    Re-competed requirement risks future loss post-2027

Opportunities(2)

  • $57.6M unexercised options plus potential 2027 extension in CMS IT set-asides

  • Alignment with woman/minority small business preferences for CMS IT follow-ons

Sector Themes(1)

  • NITAAC CIO-SP3 recompete fully set aside for small businesses awarded $164M CMS IT SaaS contract to woman/minority-owned firm.

Watch List(2)

  • 👁

    {"entity"=>"A Square Group LLC", "reason"=>"$159M outlayed on $164M obligation signals execution strength but hinges on $58M options", "trigger"=>"Option exercises >$20M or 2027 extension award"}

  • 👁

    {"entity"=>"CMS NITAAC CIO-SP3 Vehicle", "reason"=>"Single large award highlights set-aside concentration in health IT", "trigger"=>"New recompete or follow-on awards >$100M"}

Get daily alerts with 1 investment signals, 3 risk alerts, 2 opportunities and full AI analysis of all 1 filings

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