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DHS Homeland Security Contracts — March 12, 2026

DHS Homeland Security Contracts

By Gunpowder Editorial ·

3 total filings analysed

Executive Summary

DHS awarded $263.5M in contracts over this period, with all three signaling bullish momentum for border security and infrastructure, including $177M tied to CBP priorities. Leidos shows execution strength with $74M (82%) outlayed on border detection tech, while RQ-AECOM and MARCOM offer full-value upside despite $0 outlay.

Cross-cutting firm fixed price structures (two contracts) highlight revenue visibility amid execution risks, prioritizing contractors in hazard detection, construction, and recruitment.

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

Tracking the trend? Catch up on the prior DHS Homeland Security Contracts digest from March 11, 2026.

Investment Signals (2)

  • DHS border enforcement ramp-up (HIGH)

    Two CBP contracts totaling $177M for detection portals and recruitment underscore sustained funding for border security.

  • Coast Guard infrastructure commitment (MEDIUM)

    $86M obligated for Key West rebuild provides multi-year revenue through 2026 despite $0 outlay.

Risk Flags (2)

  • Execution [HIGH RISK]

    $172M (65% of total) shows $0 outlay, delaying revenue realization and raising funding dependency.

  • Market [MEDIUM RISK]

    Firm fixed price on $177M (67%) exposes contractors to cost overruns in construction and hardware amid inflation.

Opportunities (2)

  • $3.95M untapped options in Leidos plus full $172M obligations in others position for near-term revenue ramps.

  • Woman-owned small biz win sans set-aside signals DHS openness to diverse bidders in recruitment/services.

Sector Themes (2)

  • 67% of value ($177M) targets CBP hardware/recruitment, aligning with enforcement needs.

  • High subawards ($102M vs. $86M prime) in Coast Guard rebuild highlight JV model efficiency.

Watch List (3)

  • 👁

    {"entity"=>"Leidos, Inc.", "reason"=>"82% outlayed with potential 2033 extension offers longest visibility.", "trigger"=>"Option exercises or outlay acceleration beyond $74M"}

  • 👁

    {"entity"=>"RQ-AECOM 2 JV subawards", "reason"=>"$102M exceeds prime by 18%, signaling heavy dependency.", "trigger"=>"Subaward delays or cost escalations"}

  • 👁

    {"entity"=>"CBP recruitment spend", "reason"=>"$86M T&M for one-year term tests DHS hiring push.", "trigger"=>"Outlay start or contract extensions"}

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