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  <title>Fiscal Receipts — FedEx Corp watchlist</title>
  <subtitle>Budget and award signals for the 53 program element(s) linked to FedEx Corp on its Fiscal Receipts page (0 by high-confidence budget-to-award crosswalk, 53 by lobbying-filing mention), plus any signal naming the company family itself. A link is a documented connection, not a claim that the company holds the program&apos;s budget.</subtitle>
  <id>https://fiscalreceipts.com/feeds/company/fedex.atom.xml</id>
  <updated>2026-08-13T03:58:20.022Z</updated>
  <link rel="self" type="application/atom+xml" href="https://fiscalreceipts.com/feeds/company/fedex.atom.xml"/>
  <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/company/fedex/"/>
  <entry>
    <title>Combat Vehicle Improvement Programs increased 128% FY25→26 — FY2025 $326.6M → FY2026 $744.1M (+$417.5M, +128%)</title>
    <id>urn:fiscalreceipts:feed:yoy_swing:0203735A/A:2026:2026</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0203735A/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/e5d96f0b"/>
    <category term="yoy_swing"/>
    <content type="html">&lt;p&gt;Combat Vehicle Improvement Programs increased 128% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $326.6M → FY2026 $744.1M (+$417.5M, +128%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/e5d96f0b&quot;&gt;Receipt: fact e5d96f0b&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e385abb5&quot;&gt;FY2025: $326.6M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/9595e080&quot;&gt;FY2026: $744.1M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e5d96f0b&quot;&gt;change: $417.5M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="pair" units="thousands_usd">
      <fr:point role="from" label="FY2025" fy="2025" value="326579" display="$326.6M" fact="e385abb516f99453" href="https://fiscalreceipts.com/fact/e385abb5"/>
      <fr:point role="to" label="FY2026" fy="2026" value="744085" display="$744.1M" fact="9595e080043de555" href="https://fiscalreceipts.com/fact/9595e080"/>
      <fr:point role="delta" label="change" fy="2026" value="417506" display="$417.5M" fact="e5d96f0ba8b682cb" href="https://fiscalreceipts.com/fact/e5d96f0b"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>MEDIUM UNMANNED SURFACE VEHICLES (MUSVs)) decreased 61% FY25→26 — FY2025 $101.8M → FY2026 $39.4M (−$62.4M, −61%)</title>
    <id>urn:fiscalreceipts:feed:yoy_swing:0605512N/N:2026:2026</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0605512N/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/22b01ef2"/>
    <category term="yoy_swing"/>
    <content type="html">&lt;p&gt;MEDIUM UNMANNED SURFACE VEHICLES (MUSVs)) decreased 61% FY25→26&lt;/p&gt;&lt;p&gt;FY2025 $101.8M → FY2026 $39.4M (−$62.4M, −61%)&lt;/p&gt;&lt;p&gt;Basis: toa (PB2026), change.&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/22b01ef2&quot;&gt;Receipt: fact 22b01ef2&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e6f337ec&quot;&gt;FY2025: $101.8M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/12e115e2&quot;&gt;FY2026: $39.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/22b01ef2&quot;&gt;change: -$62.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-yoy_swing&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="pair" units="thousands_usd">
      <fr:point role="from" label="FY2025" fy="2025" value="101838" display="$101.8M" fact="e6f337ec27cd1fb6" href="https://fiscalreceipts.com/fact/e6f337ec"/>
      <fr:point role="to" label="FY2026" fy="2026" value="39426" display="$39.4M" fact="12e115e286789dec" href="https://fiscalreceipts.com/fact/12e115e2"/>
      <fr:point role="delta" label="change" fy="2026" value="-62412" display="-$62.4M" fact="22b01ef280225c8a" href="https://fiscalreceipts.com/fact/22b01ef2"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=2818 (2017) — FY2017 matched obligations $73.5M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2017:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/01b2b578"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=2818 (2017)&lt;/p&gt;&lt;p&gt;FY2017 matched obligations $73.5M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/01b2b578&quot;&gt;Receipt: fact 01b2b578&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/e870be4d&quot;&gt;FY2017 matched obligations: $73.5M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2017 matched obligations" fy="2017" value="73515712.95" display="$73.5M" fact="e870be4d32e5970c" href="https://fiscalreceipts.com/fact/e870be4d"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=1035 (2020) — FY2020 matched obligations $341.4M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2020:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/5db4a0f6"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=1035 (2020)&lt;/p&gt;&lt;p&gt;FY2020 matched obligations $341.4M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/5db4a0f6&quot;&gt;Receipt: fact 5db4a0f6&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/271ac1e7&quot;&gt;FY2020 matched obligations: $341.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2020 matched obligations" fy="2020" value="341416401.40999997" display="$341.4M" fact="271ac1e71519c8a7" href="https://fiscalreceipts.com/fact/271ac1e7"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=1524 (2023) — FY2023 matched obligations $22.6M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2023:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/e5c9caf6"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=1524 (2023)&lt;/p&gt;&lt;p&gt;FY2023 matched obligations $22.6M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/e5c9caf6&quot;&gt;Receipt: fact e5c9caf6&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/7c92e934&quot;&gt;FY2023 matched obligations: $22.6M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2023 matched obligations" fy="2023" value="22596101.560000002" display="$22.6M" fact="7c92e934389e25a3" href="https://fiscalreceipts.com/fact/7c92e934"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=882 (2019) — FY2019 matched obligations $340.6M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2019:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/3be6f00d"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=882 (2019)&lt;/p&gt;&lt;p&gt;FY2019 matched obligations $340.6M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/3be6f00d&quot;&gt;Receipt: fact 3be6f00d&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/9222d62f&quot;&gt;FY2019 matched obligations: $340.6M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2019 matched obligations" fy="2019" value="340570741.96" display="$340.6M" fact="9222d62fa7729030" href="https://fiscalreceipts.com/fact/9222d62f"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=1006 (2018) — FY2018 matched obligations $210.4M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2018:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/9f7663a2"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=1006 (2018)&lt;/p&gt;&lt;p&gt;FY2018 matched obligations $210.4M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/9f7663a2&quot;&gt;Receipt: fact 9f7663a2&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/83dc9cb4&quot;&gt;FY2018 matched obligations: $210.4M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2018 matched obligations" fy="2018" value="210379542.26" display="$210.4M" fact="83dc9cb40aab1569" href="https://fiscalreceipts.com/fact/83dc9cb4"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=1023 (2022) — FY2022 matched obligations $76.0M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2022:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/9a2e3c71"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=1023 (2022)&lt;/p&gt;&lt;p&gt;FY2022 matched obligations $76.0M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/9a2e3c71&quot;&gt;Receipt: fact 9a2e3c71&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/debb61d2&quot;&gt;FY2022 matched obligations: $76.0M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2022 matched obligations" fy="2022" value="76040646.36" display="$76.0M" fact="debb61d209956c37" href="https://fiscalreceipts.com/fact/debb61d2"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=1068 (2021) — FY2021 matched obligations $278.7M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2021:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/78d9511a"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=1068 (2021)&lt;/p&gt;&lt;p&gt;FY2021 matched obligations $278.7M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/78d9511a&quot;&gt;Receipt: fact 78d9511a&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/5b0207d8&quot;&gt;FY2021 matched obligations: $278.7M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2021 matched obligations" fy="2021" value="278650517.58" display="$278.7M" fact="5b0207d868fc914d" href="https://fiscalreceipts.com/fact/5b0207d8"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=9943 (2025) — FY2025 matched obligations $5.51M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2025:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/e49ddccd"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=9943 (2025)&lt;/p&gt;&lt;p&gt;FY2025 matched obligations $5.51M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/e49ddccd&quot;&gt;Receipt: fact e49ddccd&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/f7f67a26&quot;&gt;FY2025 matched obligations: $5.51M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2025 matched obligations" fy="2025" value="5505461.57" display="$5.51M" fact="f7f67a2648a7b9f2" href="https://fiscalreceipts.com/fact/f7f67a26"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
  <entry>
    <title>Making, Maintaining, Supply Chain and Logistics award concentration HHI=4167 (2024) — FY2024 matched obligations $8.98M</title>
    <id>urn:fiscalreceipts:feed:concentration_shift:0602025E:2024:na</id>
    <updated>2026-08-13T03:58:20.022Z</updated>
    <link rel="alternate" type="text/html" href="https://fiscalreceipts.com/program/0602025E/"/>
    <link rel="related" type="text/html" href="https://fiscalreceipts.com/fact/19053c12"/>
    <category term="concentration_shift"/>
    <content type="html">&lt;p&gt;Making, Maintaining, Supply Chain and Logistics award concentration HHI=4167 (2024)&lt;/p&gt;&lt;p&gt;FY2024 matched obligations $8.98M&lt;/p&gt;&lt;p&gt;Linked to FedEx Corp by: lobbying-filing mention. A documented connection, not a claim that the company holds the program&amp;apos;s budget.&lt;/p&gt;&lt;p&gt;&lt;a href=&quot;https://fiscalreceipts.com/fact/19053c12&quot;&gt;Receipt: fact 19053c12&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/fact/77040dfc&quot;&gt;FY2024 matched obligations: $8.98M&lt;/a&gt; &amp;middot; &lt;a href=&quot;https://fiscalreceipts.com/methodology/#feed-concentration_shift&quot;&gt;Why flagged?&lt;/a&gt;&lt;/p&gt;</content>
    <fr:magnitude kind="single" units="dollars">
      <fr:point role="to" label="FY2024 matched obligations" fy="2024" value="8977880.13" display="$8.98M" fact="77040dfca7298563" href="https://fiscalreceipts.com/fact/77040dfc"/>
    </fr:magnitude>
    <fr:linkage entity="FedEx Corp">
      <fr:basis id="mention" label="lobbying-filing mention"/>
    </fr:linkage>
  </entry>
</feed>
