Contract Option Exercises — October 07, 2026

V2X Systems LLC, a subsidiary of V2X, Inc., received a $166.3 million non-competed, time-and-materials contract from DOJ for international asset recovery legal support. The total potential value is $1.7 billion if all options are exercised, but no funds have been outlaid yet, creating execution risk and uncertainty around revenue recognition.

MVM, Inc. received a $182.1 million time-and-materials delivery order from ICE for transportation of unaccompanied minors. The one-year term and political sensitivity of immigration enforcement create execution risk, while time-and-materials pricing leaves MVM exposed to cost variability.

Tutor Perini ($144M) and Southwest Valley Constructors ($129M) each won firm-fixed-price delivery orders from CBP for border facility construction. Fixed-price structures transfer cost overrun risk to contractors, particularly relevant given potential materials and labor cost inflation over the three-year performance periods.

V2X Systems LLC’s $166.3M DOJ contract has zero outlays to date, meaning revenue recognition is uncertain and dependent on task order issuance. Delays could impact V2X, Inc.’s near-term cash flow.

MVM, Inc.’s $182.1M ICE contract is a one-year award (April 2026–March 2027) with no options, making it vulnerable to policy changes or budget shifts under a Continuing Resolution (CR) scenario in late 2026.

DHS accounts for 50.2% of total contract value ($455.1M) across three awards to MVM, Tutor Perini, and Southwest Valley Constructors. Any DHS budget cut or mission shift would disproportionately impact this digest’s aggregate value.

V2X Systems LLC’s sole-source DOJ award may face protests or competitive re-solicitation, challenging the non-competed status and potentially delaying revenue.

V2X Systems LLC’s sole-source DOJ contract with a $1.7B ceiling signals a strong, entrenched relationship with the Department of Justice. If options are exercised, V2X, Inc. could see significant multi-year revenue growth from international asset recovery legal support.

DHS/CBP continues to invest in border infrastructure, awarding $273M in fixed-price construction contracts to Tutor Perini and Southwest Valley Constructors. This suggests a stable pipeline for construction firms with federal experience.

MVM, Inc.’s $182.1M ICE contract for transportation of unaccompanied minors reflects stable demand for immigration-related security services. If MVM executes well, it could position for follow-on awards or extensions beyond March 2027.

DHS/CBP awarded $273M in firm-fixed-price construction contracts to Tutor Perini and Southwest Valley Constructors for border facilities, indicating sustained investment in physical infrastructure despite broader budget uncertainty.

V2X Systems LLC’s non-competed DOJ award for legal support services highlights the value of sole-source relationships in professional services, with a potential $1.7B ceiling if all options are exercised.

The two largest awards in this digest—MVM, Inc. ($182.1M) and V2X Systems LLC ($166.3M)—are both time-and-materials, exposing contractors to cost overruns and margin compression if labor or material costs rise.

{"entity" => "V2X, Inc.", "reason" => "Holds $166.3M sole-source DOJ contract with $1.7B potential ceiling; zero outlays to date create revenue uncertainty.", "trigger" => "First outlay on DOJ contract; option exercise announcements; GAO protest filings"}

{"entity" => "MVM, Inc.", "reason" => "$182.1M ICE contract is one-year only with political sensitivity; renewal or extension is uncertain.", "trigger" => "Contract extension announcement before March 2027; DHS budget request for FY2027; policy changes on immigration enforcement"}

{"entity" => "Tutor Perini Corporation", "reason" => "Holds $144M fixed-price CBP construction contract; cost overruns could impact margins.", "trigger" => "Quarterly earnings disclosures on contract profitability; construction cost index changes"}

{"entity" => "Southwest Valley Constructors Co", "reason" => "Holds $129M fixed-price CBP construction contract; execution risk on three-year project.", "trigger" => "Quarterly financial reports (if public); construction progress milestones"}

{"entity" => "Department of Homeland Security", "reason" => "Accounts for 50.2% of total digest value; budget or policy shifts could impact all three DHS contractors.", "trigger" => "FY2027 DHS appropriations; CR expiration; border security policy announcements"}