Executive Summary
These four civilian contracts total $4,174,924,202 in obligations with 0/4 defense-related, highlighting HHS and VA dominance in health services alongside GSA engineering and EPA remediation. MAXIMUS FEDERAL SERVICES, INC. leads with a massive $2.78B HHS award, while CACI NSS, LLC secured a bullish $399.6M GSA engineering delivery order. Highest-conviction signal is CACI's Cost Plus Award Fee structure with low pricing risk and potential extension to 2026. Key risk is data anomalies including TriWest's $928.9M VA award with future performance dates (March 2026) post-award (April 2026) and $0 outlay, plus CACI's negative -$530K outlay.
Tracking the trend? Catch up on the prior General Federal Contracts digest from April 17, 2026.
Investment Signals(4)
- MAXIMUS FEDERAL SERVICES, INC. Wins $2.78B HHS Contract(MEDIUM)▲
MAXIMUS FEDERAL SERVICES, INC. awarded $2,779,736,793 from Department of Health and Human Services on 2022-08-31, signaling strong civilian health services positioning despite unknown revenue and competition details.
- CACI NSS, LLC Secures $399.6M GSA Engineering Delivery Order(HIGH)▲
CACI NSS, LLC (CACI INTERNATIONAL INC) received $399,565,757 obligation (base + options $516.5M) Cost Plus Award Fee delivery order from GSA on 2021-06-25 for DTRA IMAX DA engineering services, with low pricing risk and potential extension to June 2026.
- TriWest Healthcare Alliance Corp $928.9M VA Health Insurance Order(LOW)▲
TriWest Healthcare Alliance Corp awarded $928,900,085 firm fixed price delivery order from VA on 2026-04-16 for one-month March 2026 health insurance performance, under full competition but with $0 outlay and post-performance award date.
- LEISNOI DIVERSIFIED-KEMRON 8A JV $66.7M EPA Remediation Contract(LOW)▲
LEISNOI DIVERSIFIED-KEMRON 8A JV, LLC received $66,721,567 firm fixed price HUBZone/8(a) set-aside from EPA on 2024-09-30 for Ottawa Radiation NPL remediation through 2027-04-11, with $9.98M (15%) outlayed.
Risk Flags(3)
- Execution[HIGH RISK]▼
TriWest Healthcare Alliance Corp's $928.9M VA contract has award date (2026-04-16) after performance end (2026-03-31) and $0 outlay, creating high pricing risk and data ambiguity.
- Budget[MEDIUM RISK]▼
CACI NSS, LLC's $399.6M GSA order shows negative -$530,151 outlay and current end June 29, 2023, with potential extension to 2026 uncertain.
- Execution[MEDIUM RISK]▼
LEISNOI DIVERSIFIED-KEMRON 8A JV's $66.7M EPA firm fixed price contract carries high pricing risk for 8(a) JV over 2.5 years.
Opportunities(2)
- ◆
CACI NSS, LLC potential option exercises on $516.5M base + options GSA engineering order extending to June 2026.
- ◆
LEISNOI DIVERSIFIED-KEMRON 8A JV, LLC HUBZone/8(a) advantage in $66.7M EPA remediation, signaling small disadvantaged business execution.
Sector Themes(2)
- ◆
HHS $2.78B to MAXIMUS FEDERAL SERVICES, INC. and VA $928.9M to TriWest Healthcare Alliance Corp dominate at 89% of total value, focusing on health/medical insurance.
- ◆
CACI NSS, LLC's $399.6M GSA Cost Plus delivery order for engineering supports DTRA IMAX DA with low risk and subawards of $17.4M.
Watch List(3)
- 👁
{"entity"=>"TriWest Healthcare Alliance Corp", "reason"=>"$928.9M VA order with $0 outlay, future dates, and high pricing risk", "trigger"=>"funds outlay progress, March 2026 performance confirmation"}
- 👁
{"entity"=>"CACI INTERNATIONAL INC", "reason"=>"$399.6M GSA order negative outlay and potential 2026 extension", "trigger"=>"option exercise beyond June 29, 2023, outlay changes"}
- 👁
{"entity"=>"LEISNOI DIVERSIFIED-KEMRON 8A JV, LLC", "reason"=>"$66.7M EPA remediation with 15% outlayed under firm fixed price", "trigger"=>"outlay beyond $9,982,652, 2027-04-11 milestones"}
Get daily alerts with 4 investment signals, 3 risk alerts, 2 opportunities and full AI analysis of all 4 filings
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