Executive Summary
Two mega contracts totaling $210,275,631 in obligations highlight bullish IT services momentum for civilian agencies, with zero defense-related awards split fully to Department of the Interior and Department of Veterans Affairs. MAXIMUS FEDERAL CONSULTING, LLC secured $106.3M for DOD SAP CIO SETA support via DOI, while COGNOSANTE MVH LLC (Novetta subsidiary) won $104.0M for VA T4NG Cloud Operations, both under full and open competition with Time & Materials pricing. Highest-conviction signals are bullish revenue streams (7/10 strength) for these firms amid civilian IT modernization. Key risk is medium pricing/execution uncertainty from unexercised options ($199M and $186M ceilings) and high subawards (86% of Cognosante outlays). Watch option exercises and outlay progress toward 2026 end dates for revenue upside confirmation.
Tracking the trend? Catch up on the prior Mega Contracts Monitor ($100M+) digest from April 21, 2026.
Investment Signals(2)
- MAXIMUS FEDERAL CONSULTING $106M DOI Delivery Order for DOD SAP CIO SETA(MEDIUM)▲
$106.3M obligated (ceiling $199.7M) Time & Materials contract awarded July 2020 under full competition for custom computer programming (NAICS 541511), with ~$19-20M annual revenue estimate through 2026.
- COGNOSANTE MVH LLC $104M VA Delivery Order for T4NG Cloud Operations(MEDIUM)▲
$103.95M obligated ($186.2M ceiling) Time & Materials award from August 2023 under full competition for cloud migration (NAICS 541512), with $82.6M outlaid (~$34.7M annual) but 86% via subawards.
Risk Flags(2)
- Execution[MEDIUM RISK]▼
Unexercised options leave $93M upside for MAXIMUS DOI contract ($199.7M ceiling) and $82M for Cognosante VA contract ($186.2M ceiling), with medium pricing risk under Time & Materials structure.
- Concentration[MEDIUM RISK]▼
COGNOSANTE MVH LLC has awarded $71.2M (86%) of $82.6M outlays across 13 subawards, risking prime retention and margin compression.
Opportunities(2)
- ◆
MAXIMUS DOI contract options could add $93M to $106M obligation for SAP CIO SETA through 2026.
- ◆
COGNOSANTE MVH LLC VA contract options could unlock $82M beyond $104M obligation for cloud services through 2026.
Sector Themes(1)
- ◆
DOI and VA awarded $210M+ in Time & Materials delivery orders for custom programming (NAICS 541511) and systems design/cloud SaaS (NAICS 541512), with $82.6M already outlaid on VA cloud migration.
Watch List(2)
- 👁
{"entity"=>"MAXIMUS FEDERAL CONSULTING, LLC", "reason"=>"$106M obligation fully outlaid but options to $199M unexercised; track toward 2026-01-01 end.", "trigger"=>"option exercise announcements"}
- 👁
{"entity"=>"COGNOSANTE MVH LLC / Novetta Solutions LLC", "reason"=>"$82.6M outlaid of $104M obligation with high subawards; monitor to 2026-08-08/11-08.", "trigger"=>"outlay updates beyond $82.6M and option status to $186M"}
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