Mega Contracts Monitor ($100M+) — May 01, 2026

Whiting-Turner Contracting Company awarded $400M firm fixed-price delivery order by DHS Coast Guard for Cape May barracks and training facilities under full and open competition, projecting ~$100M annual revenue over ~4 years to 2030-05-06.

Frequentis USA, Inc. receives $110M time-and-materials contract from DOT FAA for IP-capable VCS replacement, with $25M outlayed since 2025-03-01 and performance to potential 2027-03-31, estimating $40-55M annual revenue.

Lockheed Martin Services, LLC holds $225M firm fixed-price HHS delivery order for ADP facility management since 2009-10-01, with potential extension to 2026-05-29 despite $0 outlays and past 2017 end date.

Companion Data Services LLC awarded $110M firm fixed-price HHS CMS delivery order in 2013 for data processing, with $28M outlayed (26% of obligation) over ~11.5 years to 2025-04-30 end.

$0 outlays on Whiting-Turner $400M USCG order and Lockheed Martin $225M HHS order signal delayed fund releases despite firm fixed-price structures and high pricing risk.

Lockheed Martin HHS contract past current 2017-09-30 end date with $0 outlayed raises uncertainty on extensions to 2026-05-29 potential end.

Companion Data Services $110M HHS order shows only 26% ($28M) outlayed near 2025-04-30 end, with high pricing risk on firm fixed-price terms.

Frequentis USA $110M FAA award for NAS VCS IP modernization provides revenue visibility with $25M outlayed and potential to 2027-03-31.

Whiting-Turner $400M USCG construction order under full competition offers ~$100M annual backlog through 2030-05-06.

DOT FAA's $110M non-competed award to Frequentis USA for TDM-to-IP VCS replacement evidences investment in digital network upgrades (PSC 7G21).

HHS awards total $335M to Lockheed Martin ($225M ADP facilities) and Companion Data ($110M data processing), with partial outlays signaling steady civilian IT spend despite age.

{"entity"=>"Whiting-Turner Contracting Company", "reason"=>"$400M USCG order at $0 outlayed with high pricing risk", "trigger"=>"outlay progress, milestones to 2030-05-06"}

{"entity"=>"Frequentis USA, Inc.", "reason"=>"$110M FAA order with $25M outlayed toward 2027 potential end", "trigger"=>"outlay beyond $25M, extension to 2027-03-31"}

{"entity"=>"Lockheed Martin Corp (LMT)", "reason"=>"$225M HHS order at $0 outlayed past 2017 end date", "trigger"=>"option exercises to 2026-05-29"}

{"entity"=>"Companion Data Services LLC", "reason"=>"$110M HHS order 26% outlayed nearing 2025 end", "trigger"=>"outlay to $110M, options to $132M"}