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DHS Homeland Security Contracts — April 23, 2026

DHS Homeland Security Contracts

By Gunpowder Editorial ·

2 total filings analysed

Executive Summary

DHS awarded two civilian contracts totaling $129,158,323 in obligations during the April 23, 2026 period, with zero defense-related activity out of two awards. The dominant themes are U.S. Coast Guard construction via Whiting-Turner Contracting Company ($74,485,557 firm fixed-price delivery order) and FEMA preparedness training via Leidos, Inc. ($54,672,765 obligation, potential $85,196,410 ceiling).

Both carry neutral signals (average strength 4.5/10), with the highest-conviction signal being steady revenue potential from Leidos' partially outlayed ($32,670,674) cost-plus contract. A key risk is Whiting-Turner's high execution risk under fixed-price terms with $0 outlayed to date on its June 2026-ending project. Investors should watch outlay progress and option exercises amid neutral sector momentum.

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 April 20, 2026.

Investment Signals (3)

  • Whiting-Turner Secures $74.5M Coast Guard Construction Order (MEDIUM)

    Whiting-Turner Contracting Company won a $74,485,557 firm fixed-price delivery order from U.S. Coast Guard for Air Station Point Mugu construction, spanning 2020-2026 with full and open competition.

  • Leidos Lands $54.7M FEMA Training Delivery Order (MEDIUM)

    Leidos, Inc. received a $54,672,765 cost-plus award fee delivery order from FEMA (ceiling $85,196,410) for CDP training services, with $32,670,674 already outlayed under full and open competition through potential 2027 end.

  • Whiting-Turner Faces High Fixed-Price Execution Risk on $74.5M Order (HIGH)

    Whiting-Turner's $74,485,557 Coast Guard construction order carries high contract pricing risk due to firm fixed-price structure and $0 outlayed to date, despite total obligation covering base plus options.

Risk Flags (2)

  • Execution [HIGH RISK]

    Whiting-Turner Contracting Company's $74,485,557 firm fixed-price delivery order for Coast Guard Air Station Point Mugu introduces high performance risk, with $0 outlayed despite performance end June 30, 2026.

  • Budget [MEDIUM RISK]

    Leidos, Inc.'s $54,672,765 FEMA training order (ceiling $85M) depends on option exercises and outlay progression beyond current $32,670,674, with uncertain annual revenue of $9-15M.

Opportunities (1)

  • Leidos, Inc. has upside to $85,196,410 ceiling on FEMA training delivery order via unexercised options.

Sector Themes (2)

  • Whiting-Turner Contracting Company's $74,485,557 firm fixed-price order for Air Station Point Mugu highlights Coast Guard's focus on facility construction (NAICS 236220) via full and open competition.

  • Leidos, Inc.'s $54,672,765 cost-plus order (with $32M outlayed) for CDP training underscores FEMA's ongoing vocational training needs (NAICS 611430, PSC U006) through 2027 potential.

Watch List (2)

  • 👁

    {"entity"=>"Whiting-Turner Contracting Company", "reason"=>"$74,485,557 Coast Guard order with $0 outlayed and high fixed-price risk through 2026-06-30 performance end", "trigger"=>"outlay progress from $0, performance completion by 2026-06-30, delivery order modifications"}

  • 👁

    {"entity"=>"Leidos, Inc. (LDOS)", "reason"=>"$54,672,765 FEMA training order with $32,670,674 outlayed and $85M ceiling potential", "trigger"=>"options exercise toward $85,196,410, outlay beyond $32,670,674, end dates 2026-08-05 or 2027-12-31"}

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