Executive Summary
A single high-materiality $847,040,000 firm fixed price delivery order was awarded to Fisher Sand & Gravel Co by U.S. Customs and Border Protection (DHS/CBP) for Southwest Border Construction in San Diego, CA, representing 100% civilian obligations with zero defense-related activity. This contract underscores a dominant theme of DHS border infrastructure investment, providing Fisher Sand & Gravel—a non-small business Subchapter S Corporation—with a significant ~$356M annualized revenue estimate over its 2.3-year performance period from April 26, 2026, to August 31, 2028. The highest-conviction bullish signal is the full obligation value under full and open competition after exclusion of sources, signaling strong future revenue visibility for construction (NAICS 236220). However, high pricing risk on the firm fixed price structure and zero outlay to date introduce execution uncertainty. Investors should watch total outlayed progress and performance milestones as key indicators of contract realization.
Tracking the trend? Catch up on the prior General Federal Contracts digest from April 26, 2026.
Investment Signals(1)
- Fisher Sand & Gravel Co Wins $847M DHS CBP Southwest Border Construction Order(HIGH)▲
Fisher Sand & Gravel Co received an $847,040,000 firm fixed price delivery order from U.S. Customs and Border Protection for SW Border Construction in San Diego, CA, with full obligation value and performance through August 31, 2028, under full and open competition after exclusion of sources. This establishes a ~$356M annual revenue stream in commercial and institutional building construction (NAICS 236220).
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 despite full obligation, increasing performance exposure over 2.3-year period.
Opportunities(1)
- ◆
$847,040,000 DHS/CBP border construction award to Fisher Sand & Gravel Co highlights expansion in non-building facilities (PSC Y1PZ) via full and open competition.
Sector Themes(1)
- ◆
U.S. Customs and Border Protection awarded Fisher Sand & Gravel Co an $847,040,000 order for SW Border Construction in San Diego, CA, emphasizing construction in non-building facilities (PSC Y1PZ, NAICS 236220) with 2.3-year performance.
Watch List(2)
- 👁
{"entity"=>"Fisher Sand & Gravel Co", "reason"=>"$847,040,000 DHS/CBP order with $0 outlayed to date and high firm fixed price risk requires tracking realization.", "trigger"=>"total outlayed progress, performance milestones toward 2028-08-31, modifications to obligation"}
- 👁
{"entity"=>"DHS/CBP infrastructure sector", "reason"=>"Single large $847M border construction award signals potential for additional SW border projects.", "trigger"=>"follow-on awards or modifications in construction (NAICS 236220)"}
Get daily alerts with 1 investment signals, 1 risk alerts, 1 opportunities and full AI analysis of all 1 filings
More from: General Federal Contracts
🇺🇸 More from United States
View all →April 30, 2026
US Pre-Market SEC Filings Roundup — April 30, 2026
US Pre-Market SEC Filings Roundup
April 30, 2026
US Executive Compensation Proxy SEC Filings — April 30, 2026
US Executive Compensation Proxy SEC Filings
April 30, 2026
US Material Events SEC 8-K Filings — April 30, 2026
US Material Events SEC 8-K Filings
April 30, 2026
S&P 500 Energy Sector SEC Filings — April 30, 2026
S&P 500 Energy Sector SEC Filings