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Lockheed Martin's $2.87B NASA Contract Leads FY2026's Largest Federal Awards

By SpendingVault

A single federal contract can dictate the financial trajectory of a major corporation. In FY2026, the largest federal awards dwarf standard procurement figures, with the single biggest obligation approaching $3 billion. The federal government executes millions of transactions annually, but a concentrated fraction of mega-contracts accounts for a massive share of total spending.

Bottom line: Lockheed Martin Corp holds the top spot for FY2026 federal procurement with a $2.87B award from the National Aeronautics and Space Administration. Healthcare and defense contractors follow closely, securing multiple single-award obligations exceeding $500M.

The Scale of Current-FY Federal Contracts

Most federal contracts fall well under the $1 million threshold. The largest federal contracts in FY2026 operate on an entirely different scale.

Eleven individual contract actions in the current fiscal year have already surpassed the $500 million mark. These massive single-award contracts fund multi-year initiatives, from aerospace manufacturing to national healthcare administration.

Here is the breakdown of the biggest government contracts in 2026:

Recipient Awarding Agency Amount State
LOCKHEED MARTIN CORP National Aeronautics and Space Administration $2.87B LA
TRIWEST HEALTHCARE ALLIANCE CORP Department of Veterans Affairs $928.0M AZ
BELL BOEING JOINT PROJECT OFFICE Department of Defense $924.2M TX
ORANO FEDERAL SERVICES LLC Department of Energy $900.0M NC
THE BOEING COMPANY Department of Defense $853.6M MO
RAYTHEON COMPANY Department of Defense $841.7M MA
OPTUMSERVE HEALTH SERVICES, INC. Department of Veterans Affairs $714.1M WI
BCCG A JOINT VENTURE Department of Homeland Security $611.1M AL
OPTUM PUBLIC SECTOR SOLUTIONS, INC. Department of Veterans Affairs $609.3M WI
CSI AVIATION, INC Department of Homeland Security $562.0M TX
BARNARD SPENCER JOINT VENTURE Department of Homeland Security $560.9M MT

(Source: USAspending.gov)

Top Recipients of FY2026's Mega Contracts

The organizations capturing these massive awards are primarily established defense, aerospace, and healthcare contractors.

Lockheed Martin's $2.87B award dominates the list. This specific obligation funds the acquisition of external tanks for the Space Shuttle program. The work is concentrated in Louisiana.

Healthcare administrators and defense joint ventures hold the next highest positions.

  • TriWest Healthcare Alliance Corp secured $928.0M for medical insurance services.
  • Bell Boeing Joint Project Office received $924.2M for V-22 aircraft parts.
  • Orano Federal Services LLC landed a $900.0M contract to establish new domestic commercial low-enriched uranium capacity.

The Boeing Company and Raytheon Company also secured obligations exceeding $840M each. Boeing's contract supports F-15 aircraft manufacturing for Korea, while Raytheon's covers guided missile production in Spain.

Here's the thing: these obligations often represent just one task order within a much larger, multi-year vehicle. The $714.1M awarded to OptumServe Health Services, Inc., for example, specifically funds medical disability examinations for the current fiscal year.

Agencies Awarding the Biggest FY2026 Contracts

A handful of federal departments control the capital required to execute these nine-figure obligations.

NASA issued the single largest contract action of the fiscal year. However, the Department of Defense (DOD) and the Department of Veterans Affairs (VA) awarded the highest volume of mega-contracts.

Here is how the top agencies distribute their largest single-award obligations:

  • Department of Defense: Three contracts totaling $2.61B, split across the Navy, Air Force, and Army.
  • Department of Veterans Affairs: Three contracts totaling $2.25B, entirely focused on direct health and medical insurance, plus disability examinations.
  • Department of Homeland Security: Three contracts totaling $1.73B, funding border construction and immigration flight services.
  • Department of Energy: One $900.0M contract for basic inorganic chemical manufacturing.

The Department of Homeland Security relies heavily on joint ventures for its largest projects. BCCG A Joint Venture and Barnard Spencer Joint Venture received a combined $1.17B from U.S. Customs and Border Protection for commercial building construction.

Meanwhile, U.S. Immigration and Customs Enforcement (ICE) obligated $562.0M to CSI Aviation, Inc. This task order specifically funds immigration flight services in support of enforcement and removal operations.

Industries Dominating Large FY2026 Contracts

Federal spending relies heavily on the North American Industry Classification System (NAICS) to categorize procurement.

The single largest NAICS category by contract size is 336415 — Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing. This industry accounts for Lockheed Martin's massive $2.87B award.

Other primary industries capturing mega-contracts include:

Aerospace manufacturing remains highly fragmented across specific NAICS codes. Beyond propulsion units, 336411 — Aircraft Manufacturing and 336419 — Other Guided Missile and Space Vehicle Parts both appear in the top 10 awards list.

Medical services also span multiple classifications. While insurance carriers handle the bulk of the VA's administrative funding, 621111 — Offices of Physicians captured the $714.1M OptumServe contract for direct disability examinations.

Broader Trends in FY2026 Federal Spending by Industry

Beyond the multi-hundred-million-dollar mega-contracts, NAICS federal spending in 2026 reveals heavy volume in services and specialized manufacturing.

The broader landscape of FY2026 obligations highlights industries with high transaction counts and substantial aggregate funding.

NAICS Code Industry Description Total Obligated Award Count
541910 Marketing Research and Public Opinion Polling $62.5M 48
517312 Wireless Telecommunications Carriers $40.8M 496
337126 Household Furniture Manufacturing $14.1M 46
532120 Truck, Utility Trailer, and RV Rental $11.0M 144
336340 Motor Vehicle Brake System Manufacturing $8.3M 400

(Source: USAspending.gov)

Marketing Research and Public Opinion Polling leads this segment with $62.5M across 48 distinct awards. This averages out to roughly $1.3M per contract, illustrating a completely different procurement scale than the aerospace sector.

High-volume procurement is visible in Wireless Telecommunications Carriers, which generated 496 individual awards totaling $40.8M. Similarly, Motor Vehicle Brake System Manufacturing saw 400 awards totaling $8.3M.

The federal government also maintains steady procurement in niche manufacturing. Rope, Cordage, Twine, Tire Cord, and Tire Fabric Mills accounted for a massive 2,009 individual awards, though the total obligation sits at a modest $5.9M.

The result? Federal procurement is highly bifurcated. A handful of massive corporations absorb billions in single actions, while thousands of smaller vendors compete for high-frequency, lower-dollar awards in sectors like apparel manufacturing and equipment rental.

Quick Takeaways

  • Aerospace leads the top end: A single NASA contract for space vehicle propulsion parts accounts for $2.87B.
  • Healthcare is highly concentrated: The VA obligated over $2.2B across just three contracts for medical insurance and disability exams.
  • High volume vs. high dollar: While defense contracts dominate the highest dollar values, industries like telecommunications and textile mills process hundreds or thousands of smaller individual awards.
  • Construction remains capital intensive: DHS obligated over $1.1B strictly for commercial and institutional building construction across two joint ventures.