DHS Homeland Security Contracts — March 11, 2026

Two CBP awards totaling 83% of period value to Fisher Sand & Gravel and Granite Construction under NAICS 236220 indicate policy-driven border wall expansion.

Awards to Whiting-Turner and KVG highlight multi-year facility upgrades (Coast Guard pier to 2030, ICE detention to potential 2029), securing revenue visibility.

Firm-fixed-price structure across all contracts exposes contractors to full cost overruns amid inflation and supply chain pressures; zero outlays signal potential funding delays.

Geographic mismatches (e.g., Granite's CA base vs. TX project) and short windows (Granite's 15 months) heighten labor/logistics risks.

KVG's $113M obligation could expand 5.7x to $642M via options for ICE detention operations through 2029.

Full/open competition with no set-asides in border/Coast Guard/ICE projects opens doors for non-small business peers in NAICS 236220.

83% of value in CBP vertical barriers (El Centro, Laredo) under PSC Y1PZ/Y1LB reflects priority on physical infrastructure.

Coast Guard recap (4+ years) and ICE detention renovation signal sustained capex on processing/detention assets.

{"entity"=>"Fisher Sand & Gravel Co", "reason"=>"Largest award ($596M, 44% of total) with 2.5-year runway starting 2025.", "trigger"=>"initial outlays or cost adjustment claims"}

{"entity"=>"Granite Construction Company", "reason"=>"Second-largest ($512M) with shortest window (15 months) in high-priority Laredo sector.", "trigger"=>"March 2026 start delays or extensions"}

{"entity"=>"KVG LLC", "reason"=>"Highest upside potential ($642M options) as small disadvantaged/SDVOSB in ICE operations.", "trigger"=>"option exercises extending to 2029"}

{"entity"=>"CBP Delivery Orders (NAICS 236220)", "reason"=>"Full/open competition pattern suggests pipeline for border peers.", "trigger"=>"new awards >$100M"}