Executive Summary
DHS awarded $135,428,645 in two civilian contracts during the period, with zero defense-related obligations, split between FEMA's $68.5 million engineering services contract to FOCUS REVISION PARTNERS LLC and ICE's $66.9 million detention services delivery order to THE GEO GROUP, INC. The dominant theme is steady civilian demand in homeland security mitigation and immigration enforcement facilities.
Highest-conviction signal is bullish on THE GEO GROUP, INC. (materiality 7/10) for its full-and-open competition win signaling ongoing ICE detention needs. Both contracts carry high fixed-price execution risks, with FOCUS REVISION PARTNERS LLC already at $29 million outlayed toward a potential $118 million ceiling. Key watch item: outlay progress on THE GEO GROUP, INC.'s contract from $0 as it ramps from October 2025.
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Tracking the trend? Catch up on the prior DHS Homeland Security Contracts digest from March 27, 2026.
Investment Signals (2)
- THE GEO GROUP, INC. Secures $66.9M ICE Detention Services Order (MEDIUM)▲
THE GEO GROUP, INC. won a $66,893,395 firm fixed price delivery order from ICE for detention, transportation, and medical services at Aurora, CO facility under full and open competition, implying ~$80M annualized revenue over 10 months from 2025-10-16 to 2026-08-15.
- FOCUS REVISION PARTNERS LLC Wins $68.5M FEMA Engineering Set-Aside (LOW)▲
FOCUS REVISION PARTNERS LLC, a small business, received a $68,535,250 firm fixed price small business set-aside from FEMA for nationwide CLOMR/LOMR engineering reviews, with $29,047,364 outlayed and base + options up to $118,017,446 through potential 2029.
Risk Flags (1)
- Execution [HIGH RISK]▼
High fixed-price contract risk for FOCUS REVISION PARTNERS LLC's $68.5M FEMA award and THE GEO GROUP, INC.'s $66.9M ICE order, exposing both to performance cost overruns without reimbursement.
Opportunities (2)
- ◆
THE GEO GROUP, INC. ~$80M annualized revenue potential from $66.9M ICE detention order through 2026-08-15 performance.
- ◆
FOCUS REVISION PARTNERS LLC small business set-aside expansion to $118M ceiling via option exercises on FEMA engineering contract.
Sector Themes (2)
- ◆
ICE awarded $66.9M full-and-open order to THE GEO GROUP, INC. for Aurora, CO detention services, signaling sustained demand for facilities support (NAICS 561210).
- ◆
FEMA's $68.5M small business set-aside to FOCUS REVISION PARTNERS LLC supports nationwide CLOMR/LOMR reviews (NAICS 541330), with steady mitigation demand.
Watch List (2)
- 👁
{"entity"=>"THE GEO GROUP, INC.", "reason"=>"$66.9M ICE order with $0 outlayed to date and high fixed-price risk over 10-month period.", "trigger"=>"Outlay progress from $0; performance through 2026-08-15"}
- 👁
{"entity"=>"FOCUS REVISION PARTNERS LLC", "reason"=>"$68.5M FEMA contract with $29M outlayed, options to $118M, and potential extension.", "trigger"=>"Option exercises toward $118M; milestones to 2027-04-17 or 2029-04-17"}
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