DHS Homeland Security Contracts — September 09, 2026

The contract's 84% outlay rate ($92.8M of $110.6M) signals robust execution and near-term revenue recognition, providing a multi-year revenue stream through 2027 with potential extension to 2033.

The firm-fixed-price structure on a $110.6M contract with a performance period through 2027 (potential to 2033) exposes Astrophysics Inc. to cost overruns if maintenance or training costs exceed projections, especially given the long-term nature of the obligations.

The contract was awarded under full and open competition with no small business set-aside, indicating that Astrophysics Inc. faced competitive pricing pressure, which could compress margins on future re-competes or follow-on orders.

The contract's potential extension to 2033 and DHS/CBP's ongoing focus on border security technology create a growth runway for Astrophysics Inc. to secure follow-on orders or modifications to this delivery order.

The $110.6M award to Astrophysics Inc. for low-energy non-intrusive inspection systems reflects sustained DHS/CBP investment in advanced screening technologies, a stable-to-growing sector driven by border security priorities.

{"entity" => "Astrophysics Inc.", "reason" => "The $110.6M contract represents a significant revenue stream; execution on the long-term maintenance obligations and potential re-compete risk are critical.", "trigger" => "Follow-on contract announcements or modifications to the delivery order"}