FHWA Chief Bought Akamai Stock While Agency Oversaw $24.6 Million Akamai Services Contract

Federal Highway Administrator Sean McMaster disclosed purchasing $15,001 to $50,000 of Akamai Technologies ($AKAM) stock on May 13, 2026, while FHWA administered an active federal contract specifically covering Akamai content-delivery, caching, security, and reporting services.

• The fixed-price contract was awarded in April 2023 to Distributed Computing System Solutions Provider, rather than directly to Akamai.
• The contract supports DOT websites and web applications through a FedRAMP-authorized cloud platform providing security, caching, replication, and content delivery.
• Federal records show approximately $17.4 million obligated against a potential value of $24.6 million.
• FHWA obligated about $4.8 million when exercising an option in October 2024. The current performance period runs through October 2026, with another option extending it through October 2027.
• McMaster’s ethics agreement requires him to avoid agency matters that directly affect his financial holdings unless covered by an exemption or written waiver, with recusal or divestiture available to resolve conflicts.
• McMaster also disclosed purchases of Corning, Fluence Energy, and Qualcomm; Qualcomm recently reported lobbying DOT on connected vehicles, V2X deployment, and highway policy.

Relevant Companies

• Akamai Technologies ($AKAM) — Its services are specifically covered by the active FHWA-administered contract.
• Qualcomm ($QCOM) — Lobbies DOT on V2X and connected-vehicle policy.
• Corning ($GLW) — Supplies fiber used in broadband and transportation infrastructure.

Editor’s Note: This is a developing story. This article may be updated as more details become available.