Executive Summary
A single high-value civilian federal contract totaling $847,040,000 was awarded to Fisher Sand & Gravel Co by U.S. Customs and Border Protection (DHS) for Southwest Border Construction in San Diego, CA, representing 100% civilian obligations with 0/1 defense-related.
This firm fixed price delivery order, spanning April 26, 2026, to August 31, 2028, signals strong bullish conviction (8/10 strength, 9/10 materiality) for DHS/CBP infrastructure spending in non-building facilities (PSC Y1PZ). The award under full and open competition after exclusion of sources highlights a significant ~$356M annual revenue estimate for the Tempe, AZ-based non-small business contractor in commercial and institutional building construction (NAICS 236220). Key watch item: monitor total outlayed progress from current $0 and performance milestones toward the 2028-08-31 end date amid high pricing risk on the firm fixed price structure.
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Tracking the trend? Catch up on the prior High-Value Federal Grants ($5M+) digest from April 26, 2026.
Investment Signals (1)
- Fisher Sand & Gravel Co Secures $847M DHS Delivery Order for SW Border Construction (HIGH)▲
Fisher Sand & Gravel Co awarded $847,040,000 firm fixed price delivery order by U.S. Customs and Border Protection for San Diego border construction, with full performance period from April 26, 2026, to August 31, 2028, under full and open competition after exclusion of sources. This establishes a ~$356M annual revenue stream with total obligation fully committed and $0 outlayed to date.
Risk Flags (1)
- Execution [HIGH RISK]▼
High pricing risk on $847,040,000 firm fixed price delivery order to Fisher Sand & Gravel Co by DHS/CBP, with $0 outlayed to date and performance spanning 2.3 years to August 31, 2028.
Opportunities (1)
- ◆
$847,040,000 DHS/CBP award to Fisher Sand & Gravel Co for SW Border Construction signals expansion in border infrastructure spending.
Sector Themes (1)
- ◆
$847,040,000 firm fixed price delivery order to Fisher Sand & Gravel Co for San Diego SW Border Construction (PSC Y1PZ) underscores priority on non-building facilities via full and open competition.
Watch List (2)
- 👁
{"entity"=>"Fisher Sand & Gravel Co", "reason"=>"$847,040,000 DHS/CBP delivery order with $0 outlayed to date and high pricing risk on firm fixed price terms over 2.3-year performance.", "trigger"=>"total outlayed progress, performance milestones toward 2028-08-31, modifications to obligation"}
- 👁
{"entity"=>"DHS/CBP Infrastructure Sector", "reason"=>"Large $847M obligation for border construction signals potential follow-on work in NAICS 236220.", "trigger"=>"any modifications or new task orders under similar vehicles"}
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