Executive Summary
DHS awarded $174,542,926 in two civilian contracts (0/2 defense-related) from May 10, 2026, focused on Transportation Security Administration (TSA) security equipment deployment and U.S. Coast Guard housing construction. Leidos, Inc. holds the largest award at $92,709,653 (neutral signal), with $41,642,237 outlayed to date on a firm-fixed price delivery order ending July 13, 2026. Tutor Perini Corporation secured a bullish $81,833,273 award for Base Kodiak housing (new as of May 8, 2026, $0 outlayed), signaling medium-term revenue over ~2.5 years to November 22, 2028. Highest-conviction signal is bullish on Tutor Perini due to its higher materiality (5/10) and full/open competition win. A key risk is high fixed-price execution risk on both contracts, with watch on outlay progress from Tutor Perini's $0 baseline.
Tracking the trend? Catch up on the prior DHS Homeland Security Contracts digest from May 02, 2026.
Investment Signals (2)
- Tutor Perini Wins $81.8M Coast Guard Housing Construction Award (MEDIUM)▲
Tutor Perini Corporation awarded $81,833,273 firm-fixed price delivery order by U.S. Coast Guard for DB construction of Nemetz residential housing at Base Kodiak, AK, under full and open competition, with performance from May 8, 2026, to November 22, 2028, and $0 outlayed to date representing ~$32M annual revenue potential.
- Leidos Ongoing $92.7M TSA Security Deployment with $41.6M Outlayed (MEDIUM)▲
Leidos, Inc. firm-fixed price delivery order of $92,709,653 from TSA for Security Equipment Deployment Services (SEDS), with $41,642,237 outlayed to date (45% progress) and performance through July 13, 2026, under full and open competition.
Risk Flags (1)
- Execution [HIGH RISK]▼
High fixed-price contract risk for Leidos, Inc. $92.7M TSA award and Tutor Perini $81.8M Coast Guard award, with potential cost overruns borne by contractors amid ongoing TSA execution and new Kodiak construction start.
Opportunities (2)
- ◆
Tutor Perini $81.8M Coast Guard housing construction award offers future revenue ramp from $0 outlayed, with ~2.5-year performance period.
- ◆
Leidos $92.7M TSA security services with remaining ~$51M potential outlay (post-$41.6M spent) through July 13, 2026 end date.
Sector Themes (1)
- ◆
DHS prioritizing TSA security equipment deployment ($92.7M to Leidos) and Coast Guard family housing construction ($81.8M to Tutor Perini), both via full/open competition firm-fixed price awards with no set-asides.
Watch List (2)
- 👁
{"entity"=>"Tutor Perini Corporation", "reason"=>"$81.8M Coast Guard award with $0 outlayed to date on new May 8, 2026 firm-fixed price contract", "trigger"=>"outlay progress initiation and performance milestones to November 22, 2028 end date"}
- 👁
{"entity"=>"Leidos, Inc.", "reason"=>"$92.7M TSA award with $41,642,237 outlayed (45% progress) and high fixed-price risk remaining", "trigger"=>"outlay beyond $41,642,237 and July 13, 2026 performance end date"}
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