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New Federal Contractors — April 28, 2026

New Federal Contractors

By Gunpowder Editorial ·

1 total filings analysed

Executive Summary

A single $847,040,000 firm fixed price delivery order awarded to Fisher Sand & Gravel Co by U.S. Customs and Border Protection (DHS) dominates this period's new federal contracts, representing 100% civilian spending with zero defense-related activity.

The contract funds SW Border Construction in San Diego, CA, over a 2.3-year performance period from April 26, 2026, to August 31, 2028, signaling robust DHS/CBP infrastructure priorities. Highest-conviction bullish signal for Fisher Sand & Gravel Co as a major future revenue stream in NAICS 236220 commercial building construction. Key risk is high pricing/execution exposure under firm fixed price terms with $0 outlayed to date. Investors should monitor total outlayed progress and performance milestones toward the 2028 end date amid full and open competition dynamics.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Tracking the trend? Catch up on the prior New Federal Contractors digest from April 26, 2026.

Investment Signals (1)

  • Fisher Sand & Gravel Co Wins $847M DHS CBP SW Border Construction Order (HIGH)

    Fisher Sand & Gravel Co, a non-small business Subchapter S Corporation, secured an $847,040,000 firm fixed price delivery order from U.S. Customs and Border Protection for SW Border Construction in San Diego, CA, under full and open competition after exclusion of sources, with performance through August 31, 2028. This equates to an estimated $356M annual revenue potential over the 2.3-year period.

Risk Flags (1)

  • Execution [HIGH RISK]

    High pricing risk for Fisher Sand & Gravel Co under firm fixed price terms for the $847,040,000 DHS CBP order, with $0 outlayed to date and no spending breakdown available, exposing the contractor to cost overruns during 2.3-year performance in San Diego, CA.

Opportunities (1)

  • Fisher Sand & Gravel Co gains significant medium-term revenue from $847,040,000 DHS CBP border construction order in NAICS 236220, highlighting expansion in DHS infrastructure priorities.

Sector Themes (1)

  • U.S. Customs and Border Protection awarded Fisher Sand & Gravel Co an $847,040,000 firm fixed price order for SW Border Construction in San Diego, CA (PSC Y1PZ), under full and open competition, signaling sustained civilian agency investment in non-building facilities despite $0 initial outlay.

Watch List (2)

  • 👁

    {"entity"=>"Fisher Sand & Gravel Co", "reason"=>"$847,040,000 DHS CBP order carries high materiality (9/10) with $0 outlayed and firm fixed price execution risk over 2.3 years.", "trigger"=>"total outlayed progress, performance milestones toward 2028-08-31, modifications to obligation"}

  • 👁

    {"entity"=>"DHS/CBP Infrastructure Sector", "reason"=>"Single large $847M civilian award underscores border construction priority but unknown competition signal post full and open competition.", "trigger"=>"any re-compete announcements or option modifications"}

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