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Contract Deobligations Alert — April 28, 2026

Contract Deobligations Alert

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

A single $847,040,000 firm fixed price delivery order was awarded to Fisher Sand & Gravel Co by U.S. Customs and Border Protection (DHS) for SW Border Construction in San Diego, CA, representing 100% civilian obligations with 0 defense-related contracts.

This dominant DHS/CBP infrastructure theme signals a major future revenue stream for the non-small business contractor over a 2.3-year performance period from April 26, 2026, to August 31, 2028. The highest-conviction bullish signal stems from the full and open competition award after exclusion of sources, with no outlays to date. Key watch item is total outlayed progress from the current $0 baseline amid high contract pricing risk on the firm fixed price terms.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Tracking the trend? Catch up on the prior Contract Deobligations Alert digest from April 26, 2026.

Investment Signals (1)

  • Fisher Sand & Gravel Co Wins $847M DHS CBP SW Border Construction Order (HIGH)

    Fisher Sand & Gravel Co received an $847,040,000 firm fixed price delivery order from U.S. Customs and Border Protection for SW Border Construction in San Diego, CA, under NAICS 236220, with performance through August 31, 2028, and $0 outlayed to date after full and open competition excluding sources.

Risk Flags (1)

  • Execution [HIGH RISK]

    High pricing risk on $847,040,000 firm fixed price delivery order to Fisher Sand & Gravel Co by DHS CBP, with $0 outlayed to date and performance spanning 2.3 years.

Opportunities (1)

  • $847,040,000 obligation to Fisher Sand & Gravel Co for DHS CBP SW Border Construction in San Diego, CA, estimating ~$356M annual revenue over 2.3-year period.

Sector Themes (1)

  • DHS CBP awarded $847,040,000 firm fixed price order to Fisher Sand & Gravel Co for SW Border Construction in San Diego under PSC Y1PZ (non-building facilities) and NAICS 236220.

Watch List (2)

  • 👁

    {"entity"=>"Fisher Sand & Gravel Co", "reason"=>"$847,040,000 DHS CBP contract with $0 outlayed to date and high pricing risk on firm fixed price terms.", "trigger"=>"Total outlayed progress updates; performance milestones toward 2028-08-31; modifications to obligation"}

  • 👁

    {"entity"=>"DHS/CBP infrastructure", "reason"=>"Large $847M civilian obligation for SW Border Construction signals sector priority but tied to full and open competition.", "trigger"=>"Any modifications to firm fixed price terms or obligation value"}

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