Monitor whether Leidos wins follow-on work or a competitive recompete after this bridge contract expires, as the scope reduction indicates a transition away from Leidos as the primary MHS GENESIS integrator. The recent JV with Altaris (8-K filed Oct 5) may also affect Leidos's revenue composition going forward.
Price Chart
Executive Summary
Leidos Inc. was awarded a $317.99 million sole-source bridge contract by the Defense Health Agency to provide system reintegration, software licensing, and hosting services for the MHS GENESIS electronic health record system. The 18-month firm-fixed-price contract supports a critical defense business system and facilitates transition to other contractors, with funding from fiscal 2026 operations and maintenance appropriations.
Key Financial Metrics
Key Facts
- Award amount: $317,986,855
- Contract type: firm-fixed-price, sole-source bridge
- Awarding agency: Defense Health Agency (Department of Defense)
- Period of performance: July 29, 2026 to January 28, 2028 (18 months)
- Scope will reduce during the 12-month period to facilitate transition to other contractors
- Funded by fiscal 2026 operations and maintenance funds
- Awarded September 28, 2026; announced October 13, 2026
Financial Impact
$317.99 million contract value; revenue impact as % of annual revenue is unknown (company annual revenue not provided)
Risk Factors
- Sole-source bridge contract with declining scope — not a long-term revenue stream
- Transition to other contractors may reduce future MHS GENESIS-related revenue
- Company annual revenue not available to assess materiality relative to total revenue
- Funding subject to fiscal 2026 appropriations and potential continuing resolutions
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-HT003826DE014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $136.18 | awaiting T+20 | — | $139.73 (+2.61%) |
Oct 14, 2026 12d ago | Press Release | $120.59 | awaiting T+20 | — | $139.73 (+15.87%) |
Oct 13, 2026 13d ago | GOVT-CONTRACT | $120.59 | awaiting T+20 | — | $139.73 (+15.87%) |
Oct 6, 2026 20d ago | Press Release | $116.69 | awaiting T+20 | — | $139.73 (+19.74%) |
Oct 5, 2026 21d ago | 8-K | $119.45 | awaiting T+20 | — | $139.73 (+16.98%) |
Oct 1, 2026 25d ago | 8-K | $121.97 | awaiting T+20 | — | $139.73 (+14.56%) |
Sep 29, 2026 27d ago | Press Release | $123.10 | awaiting T+20 | — | $139.73 (+13.51%) |
Sep 29, 2026 27d ago | GOVT-CONTRACT | $121.83 | awaiting T+20 | — | $139.73 (+14.69%) |
Sep 29, 2026 27d ago | GOVT-CONTRACT | $121.83 | awaiting T+20 | — | $139.73 (+14.69%) |
Sep 25, 2026 4w ago | GOVT-CONTRACT | $122.35 | awaiting T+20 | — | $139.73 (+14.21%) |
US Market Status
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