General Federal Contracts — April 16, 2026

AAR's $449.04M cost-plus-fixed-fee delivery order from Department of State shows strong execution with $290M outlayed and option year three established through May 2024, signaling reliable civilian aviation revenue despite $87M subawards.

Agiliti Health's $326.62M firm-fixed-price contract from HHS ASPR has $272M outlayed, indicating robust cash flow in medical equipment services through 2026 with potential extension to 2028 and upside to $494M.

ABT Global's $279.25M cost-plus-fixed-fee contract from USAID has $160M outlayed including $64M subawards, providing multi-year revenue visibility to 2027 with potential ceiling of $810M.

DLH's $107.32M firm-fixed-price BPA call from NIH NHLBI has $86M outlayed over 5 years to 2026, affirming competitive win in IT facilities management.

CGI Federal's $619.97M time-and-materials delivery order from Department of State has only $191M outlayed over 6.5 years, with performance ending May 2024 and potential to $844M.

Axiom Space's $99.91M firm-fixed-price delivery order from NASA has $77M outlayed, with 5-year term to 2028 and $72M options for space vehicle services.

Skanska USA Civil Northeast's $149.34M Department of Defense award provides no outlay, pricing, or annual revenue data, limiting near-term signal strength.

High firm-fixed-price risk in Agiliti Health $327M HHS, DLH $107M NIH, Amentum $227M NASA, Axiom Space $100M NASA, and California Dairies $71M USDA contracts, where performance pressures could impact margins through 2026-2028 ends.

Maturing contracts like CGI Federal $620M State (ends 2024-05-09) and AAR $449M State (ends 2024-05-31) face recompete uncertainty with no extension visibility.

California Dairies $71M USDA butter contract has $0 outlayed despite full obligation, signaling funding delays in short 8.5-month term starting 2026-04-13.

ABT Global's $279M USAID contract offers $530M in unexercised options to reach $810M ceiling through 2027.

Agiliti Health's $327M HHS deal has $167M options to $494M and potential 2028 extension beyond 2026.

Axiom Space's $100M NASA EVA order has $72M unexercised options to $172M through 2028.

Agiliti Health's $327M ventilator/PAPR maintenance and DLH's $107M IT management for NIH show $358M HHS commitment with $358M combined outlays ($272M + $86M), emphasizing firm-fixed-price wins in health response infrastructure.

AAR's $449M aircraft maintenance (cost-plus, $290M outlayed) and CGI Federal's $620M passport IT (time-and-materials) total $1.07B, signaling sustained civilian diplomatic support needs.

Amentum's $227M facilities maintenance (to 2026) and Axiom Space's $100M EVA demo (to 2028, $77M outlayed) provide $327M in extended NASA obligations.

{"entity"=>"AAR Government Services", "reason"=>"$449M State contract with $290M outlayed needs progress on remaining obligation and subawards ($87M).", "trigger"=>"outlay updates and extensions beyond 2024-05-31"}

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

{"entity"=>"CGI Federal Inc", "reason"=>"$620M State passport contract ends 2024-05-09 with low $191M outlays.", "trigger"=>"recompete announcements post-2024-05-09"}

{"entity"=>"Amentum Technology, Inc.", "reason"=>"$227M NASA facilities with $139M outlayed nears 2026-04-12 end.", "trigger"=>"options to $252M and performance end 2026-04-12/08-12"}

{"entity"=>"California Dairies Inc", "reason"=>"$71M USDA contract starts 2026-04-13 with $0 outlayed.", "trigger"=>"outlay initiation and completion by 2026-12-31"}