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DHS Homeland Security Contracts — April 28, 2026

DHS Homeland Security Contracts

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

DHS awarded a single $847,040,000 firm fixed price delivery order to Fisher Sand & Gravel Co for Southwest Border Construction in San Diego, CA, representing 100% civilian obligations with 0/1 defense-related contracts. U.S.

Customs and Border Protection (CBP) dominates as the agency theme, focusing on commercial and institutional building construction (NAICS 236220) over a 2.3-year performance period from April 26, 2026, to August 31, 2028. The highest-conviction bullish signal is the massive future revenue stream for Fisher Sand & Gravel Co, a non-small business Subchapter S Corporation, under full and open competition after exclusion of sources. Key risk is high pricing/execution risk inherent in the firm fixed price structure with $0 outlayed to date. Investors should watch total outlayed progress and performance milestones toward the 2028 end date.

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Tracking the trend? Catch up on the prior DHS Homeland Security Contracts digest from April 26, 2026.

Investment Signals (1)

  • Fisher Sand & Gravel Co Wins $847M DHS CBP Southwest 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, spanning April 26, 2026, to August 31, 2028, equating to an estimated $356M annual revenue over ~2.3 years. This full and open competition award after exclusion of sources signals strong positioning in DHS infrastructure (PSC Y1PZ).

Risk Flags (1)

  • Execution [HIGH RISK]

    High pricing risk for Fisher Sand & Gravel Co under firm fixed price terms for the $847M DHS CBP order, with $0 total outlayed to date and performance spanning 2.3 years in San Diego, CA.

Opportunities (1)

  • Fisher Sand & Gravel Co gains significant medium-term revenue from $847M DHS CBP border construction award in NAICS 236220, bolstering DHS infrastructure backlog.

Sector Themes (1)

  • U.S. Customs and Border Protection awarded Fisher Sand & Gravel Co an $847,040,000 firm fixed price order for Southwest Border Construction in San Diego, CA (PSC Y1PZ, NAICS 236220), highlighting priorities in non-building facilities amid full and open competition.

Watch List (1)

  • 👁

    {"entity"=>"Fisher Sand & Gravel Co", "reason"=>"$847M DHS CBP order has $0 outlayed to date with high firm fixed price execution risk over 2.3-year period.", "trigger"=>"total outlayed progress, performance milestones toward August 31, 2028, modifications to obligation"}

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