Executive Summary
A single mega 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 expansion in border facilities (NAICS 236220). The award under full and open competition after exclusion of sources provides Fisher Sand & Gravel Co an estimated $356M annual revenue stream over ~2.3 years. Key risk includes high pricing risk inherent to firm fixed price terms with $0 outlayed to date. Investors should watch total outlayed progress and performance milestones toward the 2028 end date.
Tracking the trend? Catch up on the prior Mega Contracts Monitor ($100M+) digest from April 26, 2026.
Investment Signals(1)
- Fisher Sand & Gravel Co Secures $847M DHS Border Construction Order(HIGH)▲
Fisher Sand & Gravel Co awarded $847,040,000 firm fixed price delivery order by U.S. Customs and Border Protection for SW Border Construction in San Diego, CA, with performance through August 31, 2028, under full and open competition after exclusion of sources.
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 total outlayed to date and performance spanning ~2.3 years to August 31, 2028.
Opportunities(1)
- ◆
$847,040,000 award to Fisher Sand & Gravel Co highlights DHS/CBP priority on border construction (PSC Y1PZ non-building facilities), signaling potential for similar infrastructure task orders.
Sector Themes(1)
- ◆
$847,040,000 firm fixed price order to Fisher Sand & Gravel Co for San Diego SW Border Construction underscores civilian agency focus on commercial/institutional building (NAICS 236220) with full and open competition.
Watch List(2)
- 👁
{"entity"=>"Fisher Sand & Gravel Co", "reason"=>"$847,040,000 DHS/CBP order with $0 outlayed; track revenue realization from estimated $356M annually over 2.3-year period.", "trigger"=>"total outlayed progress updates, performance milestones, modifications to obligation or terms"}
- 👁
{"entity"=>"DHS/CBP infrastructure construction sector", "reason"=>"Single large civilian award signals potential pipeline for border facilities (PSC Y1PZ).", "trigger"=>"follow-on task orders or re-competes post-2028-08-31"}
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