New Federal Contractors — December 22, 2025

Three contracts (Eagle Harbor, Planet Technologies, Deloitte) represent 59% of total value, with 55% average outlay and $291M remaining through 2026-2029.

Brasfield & Gorrie ($211M, 60% outlayed) and PAE/Jacobs ($192M) provide steady execution through 2026-2027, with $154M remaining.

Firm-fixed-price structure in 4/5 contracts ($788M) exposes contractors to cost overruns on ~$400M remaining outlays amid long tenors to 2029.

Geopolitical exposure in Iraq sustainment ($192M, 20% outlayed) and small business set-aside mismatch for Planet Technologies ($189M).

$260M+ in unobligated options across Planet ($103M) and Deloitte ($152M) contracts, plus PAE ceiling upside.

State Department double-exposure ($379M) in IT advisory and Iraq support signals multi-year federal outsourcing trend.

59% of value in IT/data/telecom contracts with 5+ year terms and high outlay momentum (avg 55%).

41% allocation to office builds and overseas life support, fully obligated with extensions possible.

{"entity"=>"Planet Technologies Inc.", "reason"=>"Highest outlay progress (87%) but set-aside scrutiny and $103M options.", "trigger"=>"Option exercises or audit resolutions"}

{"entity"=>"PAE Government Services Inc. / Jacobs Engineering", "reason"=>"Lowest outlay (20%) on geopolitically sensitive $192M Iraq contract with $154M runway.", "trigger"=>"Outlay acceleration or mission changes"}

{"entity"=>"Deloitte Consulting LLP", "reason"=>"Largest options upside ($152M) in State IT advisory amid $65M outlayed.", "trigger"=>"2026 option calls or subaward expansions"}