DHS Homeland Security Contracts — July 08, 2026

TRM LABS, a small business, won a non-competitive, firm-fixed-price contract for analytical support to DHS's Cyber Disruption Center, signaling a unique capability or urgent need that could lead to follow-on awards.

Amergis secured a labor-hour delivery order for medical staffing in federal detention settings, with options that could nearly double the contract value, reflecting sustained demand for detention healthcare services.

Only $36.7M (38%) of the $97.6M firm-fixed-price contract has been outlayed, suggesting execution risk or underperformance that could impact Ball Corporation's revenue visibility.

The non-competitive award and fixed-price structure for a one-year contract with no options create high execution risk for this small business, as cost overruns are not reimbursable.

With $106.4M already outlayed and the contract running through July 2026, investors should watch for modifications or new TSA solicitations in baggage screening that could signal continued demand.

TRM LABS, INC. has a $94.7M single-year firm-fixed-price contract with no options, creating high execution risk if costs exceed expectations.

BAE SYSTEMS TECHNOLOGY SOLUTIONS & SERVICES INC. has only outlayed 38% of its $97.6M FEMA IT contract, indicating potential underperformance or delays.

Four of five contracts are with DHS/ICE, which faces political and budgetary uncertainty due to immigration policy debates, potentially impacting option exercises and follow-on awards.

VERTEX AEROSPACE LLC's $126.2M TSA contract was full-and-open competition, meaning it may face competitive pressure on renewals or follow-on awards.

TRM LABS, INC.'s $94.7M sole-source award for cyber analytical support suggests a unique capability that could lead to additional non-competitive awards from DHS/ICE.

AMERGIS HEALTHCARE STAFFING, INC. has options that could increase its $97.4M contract to $190.5M, driven by sustained demand for detention healthcare services.

VERTEX AEROSPACE LLC's $126.2M TSA contract for CBIS remediation highlights stable demand for aviation security infrastructure, with potential for extensions or new awards.

Three of five contracts (TRM LABS, INSERSO, BAE Systems) totaling $256.7M are for IT, cyber, or analytical support services to DHS/ICE, indicating sustained investment in technology and security capabilities.

AMERGIS HEALTHCARE STAFFING, INC.'s $97.4M contract with ICE for medical staffing reflects ongoing demand for healthcare services in federal detention settings, a stable but policy-sensitive sector.

VERTEX AEROSPACE LLC's $126.2M TSA contract for CBIS remediation underscores sustained federal investment in baggage screening infrastructure, a niche with high barriers to entry.

{"entity"=>"TRM LABS, INC.", "reason"=>"Awarded a $94.7M sole-source contract for cyber analytical support; watch for protests, performance reports, and follow-on awards.", "trigger"=>"Contract start in July 2026 and any modifications or scope changes"}

{"entity"=>"AMERGIS HEALTHCARE STAFFING, INC.", "reason"=>"Has options that could increase contract value to $190.5M; watch for option exercises tied to ICE detention volumes.", "trigger"=>"Option exercise dates through September 2027"}

{"entity"=>"VERTEX AEROSPACE LLC", "reason"=>"Contract runs through July 2026; watch for extensions or new TSA CBIS solicitations.", "trigger"=>"Contract end date and new TSA procurement announcements"}

{"entity"=>"DHS/ICE Budget", "reason"=>"Four contracts are with ICE; budget uncertainty could impact option exercises and follow-on awards.", "trigger"=>"FY2026 budget approval and immigration policy changes"}