DHS Homeland Security Contracts — September 10, 2026

Rapiscan Systems (OSI Systems) secured a fully-funded $88.1M firm-fixed-price delivery order, with $81M already outlaid, indicating strong near-term revenue recognition and a potential extension to 2033.

MAXIMUS Federal Services won a $170.97M firm-fixed-price delivery order for OPTIMA support of TSA mission-essential systems, with $81.82M base obligation, providing multi-year revenue visibility through 2030.

General Dynamics One Source LLC secured a $72.8M firm-fixed-price delivery order for consolidated towers and surveillance equipment, with potential $115M including options, strengthening its border security portfolio.

Accenture Federal Services' $370.1M cost-plus-award-fee contract for DHS/CBP data center support has only $64M outlaid, suggesting delayed spending and reliance on $205M subawards, while foreign ownership may face policy scrutiny.

Accenture Federal's $370M cost-plus contract has only $64M outlaid, indicating partial execution or delayed spending; subawards of $205M (55% of total) may dilute margins and complicate oversight.

DHS contracts, especially those with options (MAXIMUS, General Dynamics), depend on future appropriations; a continuing resolution or budget cuts could delay option exercises.

All contracts were full-and-open, no set-asides, indicating competitive wins; however, competitors like Leidos and Smiths Detection may respond in future DHS procurement cycles, especially in inspection technology.

Accenture Federal's foreign ownership (under Novetta Solutions) may face increased scrutiny under evolving DHS policies on foreign-owned contractors.

OSI Systems' inspection technology contract has potential extension to 2033, offering long-term service and maintenance revenue tail.

MAXIMUS's TSA IT services contract could expand if options are exercised, increasing total value from $81.82M to $170.97M.

General Dynamics' surveillance towers contract has $115M potential including options, with option exercise expected in 2027-2028.

Three of four contracts (OSI Systems, General Dynamics, Accenture) support CBP border security, totaling $531M, indicating sustained investment in inspection and surveillance infrastructure.

MAXIMUS and Accenture contracts focus on IT services and data center operations, totaling $452M, highlighting DHS's investment in modernizing IT infrastructure.

{"entity" => "OSI Systems", "reason" => "High execution and potential long-term extension to 2033 on $88.1M contract", "trigger" => "Option exercise by DHS/CBP; quarterly revenue recognition"}

{"entity" => "MAXIMUS", "reason" => "$170.97M TSA IT contract with options; monitor revenue recognition", "trigger" => "Option exercise by TSA; quarterly earnings updates"}

{"entity" => "General Dynamics", "reason" => "$72.8M surveillance towers contract with $115M potential", "trigger" => "Option exercise in 2027-2028; DHS CBP budget requests"}

{"entity" => "Accenture Federal Services", "reason" => "Large $370M contract but low outlay; watch for recompete or modifications", "trigger" => "Contract modifications; subaward performance; DHS policy on foreign-owned contractors"}