This is a routine contract renewal for IBM's mainframe business with the SSA. No material revenue or margin impact expected. Monitor for any larger federal IT modernization contracts that could signal broader government demand for IBM's infrastructure.
Price Chart
Executive Summary
IBM was awarded a $130.4 million contract by the Social Security Administration to provide mainframe hardware and storage, replacing an expiring blanket purchase agreement. The award represents approximately 0.19% of IBM's annualized revenue, making it a routine contract renewal with minimal financial impact.
Key Financial Metrics
Key Facts
- Award amount: $130,434,205.69
- Awarding agency: Social Security Administration
- Contract replaces expiring BPA SS00-16-60010, which ends 09/30/2026
- Period of performance starts 09/28/2026
- Award represents ~0.19% of IBM's annualized revenue of $67.36B
Financial Impact
$130.4M contract, approximately 0.19% of annualized revenue
Risk Factors
- Government funding subject to continuing resolutions and budget uncertainty
- Execution risk on mainframe hardware delivery and storage integration
- Potential for protest or recompete if terms are challenged
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-28321326FDS030164 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $252.11 $253.56 | ▲ +0.58% | ▲ +1.10% | $253.44 (+0.53%) |
Oct 21, 2026 6d ago | Press Release | $252.11 $253.56 | ▲ +0.58% | ▲ +1.10% | $253.44 (+0.53%) |
Oct 20, 2026 8d ago | Court Ruling | $251.46 $252.11 | ▲ +0.26% | ▲ +1.44% | $253.44 (+0.79%) |
Oct 8, 2026 20d ago | 3 | $227.13 $227.02 | ▼ −0.05% | ▲ +0.01% | $253.44 (+11.58%) |
Oct 1, 2026 27d ago | 8-K | $222.64 $221.58 | ▼ −0.48% | ▼ −1.15% | $253.44 (+13.83%) |
Sep 30, 2026 28d ago | Court Ruling | $225.62 $222.64 | ▼ −1.32% | ▼ −2.06% | $253.44 (+12.33%) |
Sep 28, 2026 4w ago | GOVT-CONTRACT | $219.99 $219.93 | ▼ −0.03% | ▲ +0.18% | $253.44 (+15.21%) |
Sep 11, 2026 6w ago | GOVT-CONTRACT | $249.09 $248.37 | ▼ −0.29% | ▲ +0.17% | $253.44 (+1.75%) |
Aug 26, 2026 8w ago | 144 | $238.79 $235.59 | ▼ −1.34% | ▼ −1.11% | $253.44 (+6.14%) |
Aug 11, 2026 11w ago | 424B5 | $235.98 $237.14 | ▲ +0.49% | ▼ −0.21% | $253.44 (+7.40%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers