Federal government / Funding / Investing / Startups / Venture capital

DC Money Moves: SAIC earns a $1.3B Treasury contract

The Biden Administration is also investing in grid modernization, and the ASRC won a $320 million contract from NASA.

The US Treasury Building. (Photo by Flickr user, used via a Creative Commons license) (Photo by Flickr user Billy Wilson, used via a Creative Commons license)
Money Moves is a column where we chart the funding raises of tech companies across the region. Have a tip? Email us at

The Reston-based Science Applications International Corporation (SAIC) won the U.S. Department of Treasury’s $1.3 billion single-source contract to implement various cloud services over seven years. 

The company is set to deliver a shared service cloud infrastructure model that offers enterprise-wide efficiencies in access, contracting and security. The contract also includes services for business operations, technical, security, network, service desk, subject matter expert support and transition services. SAIC will additionally support the US Treasury’s adoption and transformation of a multi-cloud environment by centralizing management of the systems infrastructure, platform and software-as-a-service by a single broker. Complete suites of AWS, Microsoft, Google, IBM and Oracle cloud services will be available, along with the capacity to onboard other services.

“T-Cloud will enable the Treasury Department to rapidly and securely adopt a modern, flexible and cost-effective approach to utilizing and consuming data in the cloud,” said Bob Genter, president, defense and civilian sector at SAIC. “SAIC is honored to be the Treasury Department’s cloud services digital transformation partner.”

The Biden-Harris administration funds grid modernization with more than $200 million

The U.S. Department of Energy (DOE) announced a third cohort of nine states and three tribal nations that were awarded $207.6 million in Grid Resilience State and Tribe Formula Grants for electric grid modernization. Since May 2023, the DOE has allocated $324 million in Grid Resilience State and Tribe Formula Grants. The grants are intended to provide all communities with clean and inexpensive electricity and are part of President Biden’s Investing in America Agenda.

“Renewable energy has helped many parts of the country withstand a crippling heat dome, and the President’s Investing in America agenda will increase the amount of clean power sources available on the nation’s grid,” said Secretary of Energy Jennifer M. Granholm in the statement. “DOE is excited to announce a continued stream of funding aimed at strengthening America’s workforce and preparing the nation for a more resilient, clean energy future. These grants will help modernize the electric grid to reduce impacts of extreme weather and natural disasters while enhancing power sector reliability.”

States, territories and federally recognized tribes will receive $2.3 billion in these grants over five years. This is based on a formula that considers population size, land area, likelihood and severity of disruptive events, locality’s past expenses on relief efforts and other factors.

NASA awarded ASRC a $320 million contract

The Arctic Slope Regional Corporation (ASRC Federal), located in Beltsville, Maryland, revealed that its Federal Facilities Logistics subsidiary had won a $320 million, five-year IDIQ contract from the National Aeronautics and Space Administration (NASA). The subsidiary is to perform the Repairs, Operations, Maintenance and Engineering contract at Goddard Space Flight Center and Wallops Flight Facility. The contract will start on Aug. 1 of this year. 

“We are pleased to build on our long-standing relationship with NASA at Goddard Space Flight Center with this new scope of work,” said Jennifer Felix, president and CEO of ASRC Federal. “Our team will keep the launch facilities up-to-date and the lights on in the science labs so that NASA can focus on their critical mission of furthering science through space exploration.”

ASRC Federal will manage facilities operation and maintenance, architect-engineering, construction services and utility management. Office buildings and technical infrastructures are to have clean rooms, integration and test spaces, laboratories, launch facilities, airfields and warehouses.

More government contracting:

  • DC-based Accenture Federal Services won the Defense Health Agency’s $98 million, five-year contract to operate and enhance the Joint Medical Common Operating Picture.
  • Accenture was also awarded a $94 million contract from the U.S. Army to maintain and transform the agency’s Identity, Credential, and Access Management (ICAM) system. The ICAM contract has a period performance of a year with three 12-month option periods.
  • Huntington Ingalls Industries’s Mission Technologies division, headquartered in McLean, won an $84 million contract to continue supporting the National Geospatial Agency’s IT enterprise cloud migration for five years.
  • Herndon’s HawkEye 360 announced its receipt of a contract from Australia’s Department of Foreign Affairs and Trade. The contract is for a pilot program to provide greater maritime domain awareness and support the Pacific Islands Forum Fisheries Agency’s anti-illegal fishing efforts.
  • DC-based Corsha announced that it won the Office of the Secretary of Defense Manufacturing Technology Program’s “Point of Need Challenge Pitch Event.” The OSD ManTech Challenge was part of the Department of Defense’s initiative to drive the growth and sustainment of US domestic advanced manufacturing capabilities. 

Companies who raised funding in July:

  • Parker Health, headquartered in DC and Dallas, Texas,  raised $25 million in a Series A round led by angel investors Bias Capital. It has raised $26.3 million from investors thus far.
  • Hello Pediatrics in Fairfax raised $3 million in a Series B round led by Sequoia Health Strategies and Dialectic Capital.
  • Foraged, based in DC, raised $2.7 million in a seed round that was led by Bessemer Venture Partners.
  • Rockville-based N5 Sensors, which has developed technology to detect chemical hazards, has raised $2.5 million in a seed round led by Blu-Venture Investors.
Companies: HawkEye 360 / Accenture / Department of Energy / NASA / White House
Series: Money Moves

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