Executive Summary
DHS awarded $255,720,951 in civilian contracts (0/3 defense-related) across USCG, ICE, and S&T divisions, highlighting infrastructure construction alongside IT and consulting support. The highest-conviction bullish signal stems from Whiting-Turner Contracting Company's $131.9M firm fixed-price delivery order for Pier Papa recapitalization at USCG Base Charleston, signaling competitive strength in NAICS 236220 despite zero outlays to date. ITC Federal ($62.2M obligation, $45.7M outlayed) and Noblis ($61.7M obligation, $46M outlayed) provide neutral steady revenue from ICE IT platforms and S&T SETA services, respectively, with ceilings up to $80M each. Dominant theme is DHS facilities and tech sustainment amid full and open competition. Key risk: high pricing risk on firm fixed-price structures and stalled outlays on the largest award; watch option exercises and outlay progress through 2026-2027.
Tracking the trend? Catch up on the prior DHS Homeland Security Contracts digest from May 02, 2026.
Investment Signals (3)
- Whiting-Turner Secures $131.9M USCG Pier Recapitalization (MEDIUM)▲
Whiting-Turner Contracting Company won a $131,865,944 firm fixed-price delivery order via full and open competition for Pier Papa design-build at USCG Base Charleston, spanning July 2022 to November 2026, indicating strong positioning in government construction despite $0 outlayed.
- ITC Federal $80M Ceiling IT Support for ICE with $45.7M Outlayed (MEDIUM)▲
ITC Federal's $62.2M obligated (ceiling $80M) firm fixed-price delivery order for ICE IT platform support has $45.7M outlayed over 5.3 years to May 2027, positioning for option exercises amid steady execution.
- Noblis $80M Ceiling S&T SETA with $46M Outlayed (MEDIUM)▲
Noblis' $61.7M time and materials delivery order (ceiling $80M) for DHS S&T MCS support shows $46M outlayed since April 2023 over 3.2 years to June 2026, with potential for full ceiling via options.
Risk Flags (2)
- Execution [HIGH RISK]▼
Whiting-Turner $131.9M USCG contract has $0 outlayed despite full obligation since July 2022, signaling potential funding delays or execution hurdles through November 2026.
- Budget [MEDIUM RISK]▼
High pricing risk on firm fixed-price structures for Whiting-Turner ($131.9M) and ITC Federal ($62.2M), plus medium risk on Noblis time and materials ($61.7M), amid DHS civilian spending.
Opportunities (2)
- ◆
Whiting-Turner $131.9M USCG infrastructure project offers ~$30M annual revenue through 2026, with potential scope modifications in NAICS 236220 construction.
- ◆
ITC Federal and Noblis each have $80M ceilings on DHS ICE and S&T contracts, with ~$12-25M annual potential if options exercised beyond current $62.2M and $61.7M obligations.
Sector Themes (2)
- ◆
Whiting-Turner's $131.9M firm fixed-price award for Pier Papa at USCG Base Charleston underscores DHS focus on non-building facilities construction (PSC Y1PZ, NAICS 236220) under full competition.
- ◆
ITC Federal's $62.2M IT platform support for ICE (NAICS 541512) and Noblis' $61.7M SETA for S&T (NAICS 541611) show steady outlays ($45.7M and $46M) toward $80M ceilings via full competition.
Watch List (3)
- 👁
{"entity"=>"Whiting-Turner Contracting Company", "reason"=>"$131.9M USCG Pier Papa with $0 outlayed over ~4 years obligated", "trigger"=>"outlay progress from $0, modifications, 2026-11-21 end date"}
- 👁
{"entity"=>"ITC Federal, LLC", "reason"=>"$62.2M ICE IT with $45.7M outlayed and $80M ceiling", "trigger"=>"remaining $16.5M outlays, option exercise, 2027-05-08 end date"}
- 👁
{"entity"=>"Noblis, Inc.", "reason"=>"$61.7M S&T SETA with $46M outlayed and $80M ceiling", "trigger"=>"outlay beyond $46M, option exercise, 2026-06-02 end date"}
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