Executive Summary
Three DHS contracts totaling $37,583,799 in obligations were analyzed, none of them defense-related, so this digest covers purely civilian homeland security spending. The awards are split across an IT modernization delivery order to BRIDGEPHASE LLC ($14,310,001, HSIN platform support), a closed-out TSA IT security and help desk order to General Dynamics Information Technology Inc.
($12,328,560, reporting $0 outlayed), and a CBP budget support task order to KEARNEY & COMPANY, P.C. ($10,945,237, with roughly 65% passed to seven subcontractors). The dominant theme is DHS IT and professional services spending by individual sub-agencies, but the data does not establish any agency-wide budget trend. The highest-conviction observation is that the BRIDGEPHASE award is the largest and most recent, with an end date extending to January 2027 and a ceiling of $19,919,300 that could grow the award. The principal watch item is the $0 reported outlay on the General Dynamics order, which cannot be reconciled against its $12.3M obligation without closeout financials, and the BRIDGEPHASE recipient is private, so direct equity exposure is unavailable.
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Tracking the trend? Catch up on the prior DHS Homeland Security Contracts digest from October 11, 2026.
Investment Signals (3)
- BRIDGEPHASE LLC HSIN Modernization Award Could Expand to $19.9M Ceiling (MEDIUM)▲
BRIDGEPHASE LLC holds a $14,310,001 obligation from DHS Info Tech Acq Center for HSIN platform support, with a base-plus-options ceiling of $19,919,300 and $8,315,911 outlayed to date. Exercise of remaining options would add up to roughly $5.6M of value, extending the performance period to January 2027.
- General Dynamics IT TSA Delivery Order Shows $0 Outlay Despite $12.3M Obligation (MEDIUM)▲
The TSA firm-fixed-price IT security and help desk order to General Dynamics Information Technology Inc. carries a $12,328,560 obligation but reports $0 outlayed and a CLOSEOUT status, with a base-plus-options value of $17,025,567 indicating roughly $4.7M of unexercised value. The record is a 2015 award and offers no forward revenue visibility.
- KEARNEY & COMPANY, P.C. Concentrates Roughly 65% of CBP Award in Subcontracts (MEDIUM)▲
KEARNEY & COMPANY, P.C. received a $10,945,237 CBP budget support task order with $7,525,193 outlayed, but seven subawards totaling $7,069,174 pass most of the obligation to subcontractors, constraining prime-retained revenue. Unexercised option value of roughly $3.16M and the September 2027 end date define the remaining visibility.
Risk Flags (3)
- Execution [MEDIUM RISK]▼
The General Dynamics IT TSA order reports $0 outlayed against a $12,328,560 obligation while in CLOSEOUT status, which may indicate a data reporting gap or unresolved closeout financials.
- Concentration [MEDIUM RISK]▼
Approximately 65% of the KEARNEY & COMPANY CBP obligation is flowed to seven subcontractors, concentrating delivery risk in subaward performance.
- Budget [LOW RISK]▼
The BRIDGEPHASE HSIN award is time-and-materials with high pricing risk and a current end date of January 2027, creating funding and scope uncertainty.
Opportunities (2)
- ◆
BRIDGEPHASE LLC could capture additional HSIN modernization scope if remaining options are exercised, growing the award from $14.3M toward the $19.9M ceiling.
- ◆
General Dynamics IT may have successor TSA or DHS IT security and help desk recompetes given the closure of its 2015-2019 order.
Sector Themes (1)
- ◆
The three awards reflect discrete sub-agency spending in DHS IT modernization (BRIDGEPHASE), TSA IT security (General Dynamics), and CBP budget support (KEARNEY & COMPANY) rather than a unified trend. The data covers only three records and does not establish an agency-wide budget trajectory.
Watch List (3)
- 👁
{"entity" => "General Dynamics Corp", "reason" => "The TSA IT security delivery order shows $0 outlayed on a $12,328,560 obligation in CLOSEOUT status, with an unexplained roughly $4.7M gap to base-plus-options value.", "trigger" => "Publication of closeout financials and any successor TSA IT security or help desk recompete award"}
- 👁
{"entity" => "KEARNEY & COMPANY, P.C.", "reason" => "Roughly 65% of the $10,945,237 CBP obligation is subcontracted across seven awards totaling $7,069,174, and $3,158,000 of option value remains unexercised.", "trigger" => "Option exercise decisions and any extension of the September 2027 end date toward September 2028"}
- 👁
{"entity" => "BRIDGEPHASE LLC", "reason" => "Private recipient of a $14,310,001 HSIN modernization order with a $19,919,300 ceiling; no public ticker identified, so the signal is sector-context only.", "trigger" => "Option exercise and any modification or follow-on HSIN task order before the 2027-01-09 end date"}
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