Executive Summary
The single contract in this period represents a $847,040,000 total obligation, entirely civilian with 0/1 defense-related, focused on DHS/CBP border infrastructure.
Fisher Sand & Gravel Co secured a firm fixed price delivery order for SW Border Construction in San Diego, CA, spanning April 26, 2026, to August 31, 2028, signaling a major ~$356M annual revenue stream for this non-small business construction firm (NAICS 236220). The highest-conviction bullish signal is the full obligation value under full and open competition after exclusion of sources, providing durable multi-year revenue visibility. A key risk is the high pricing risk inherent in the firm fixed price structure with $0 outlayed to date, vulnerable to cost overruns during the 2.3-year performance period. Watch total outlayed progress and any modifications to the $847M obligation.
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Tracking the trend? Catch up on the prior Significant Contract Modifications ($10M+) digest from April 26, 2026.
Investment Signals (1)
- Fisher Sand & Gravel Co Awarded $847M DHS Delivery Order for SW Border Construction (HIGH)▲
Fisher Sand & Gravel Co received an $847,040,000 firm fixed price delivery order from U.S. Customs and Border Protection (DHS) for SW Border Construction in San Diego, CA, with performance from April 26, 2026, to August 31, 2028, equating to ~$356M annual revenue estimate. This full obligation under full and open competition after exclusion of sources bolsters future revenue for the Tempe, AZ-based contractor in commercial and institutional building construction (NAICS 236220).
Risk Flags (1)
- Execution [HIGH RISK]▼
High pricing risk for Fisher Sand & Gravel Co under firm fixed price terms for the $847M DHS SW Border Construction order, with $0 outlayed to date and a 2.3-year performance period to August 31, 2028, exposing the contractor to potential cost overruns in San Diego, CA.
Opportunities (1)
- ◆
Fisher Sand & Gravel Co gains significant multi-year revenue from $847M DHS/CBP delivery order for SW Border Construction, highlighting expansion in federal civilian infrastructure projects (PSC Y1PZ non-building facilities).
Sector Themes (1)
- ◆
U.S. Customs and Border Protection (DHS) awarded Fisher Sand & Gravel Co an $847,040,000 delivery order for SW Border Construction in San Diego, CA, under full and open competition after exclusion of sources, emphasizing large-scale commitments to border facilities (PSC Y1PZ).
Watch List (1)
- 👁
{"entity"=>"Fisher Sand & Gravel Co", "reason"=>"$847M DHS/CBP SW Border Construction order with $0 outlayed to date, firm fixed price structure, and performance to August 31, 2028.", "trigger"=>"total outlayed progress, performance milestones, modifications to obligation or terms"}
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