Mega Contracts Monitor ($100M+) — October 07, 2026

The one-year, time-and-materials delivery order for nationwide transportation of unaccompanied minors and family units indicates sustained DHS spending on immigration services, though political changes could disrupt follow-on awards.

The non-competed, time-and-materials award has a $1.7B potential but no funds outlaid yet; execution risk is elevated due to lack of competition and potential protests or budget delays.

Both $144M and $129M firm-fixed-price awards for CBP facility construction carry medium execution risk; rising materials or labor costs could compress margins for Tutor Perini and Southwest Valley Constructors.

The 2016 award for intelligence support services to JIDA is fully completed with $0 outlays, offering no ongoing revenue contribution; investors should watch for new task orders from GSA or JIDA.

Time-and-materials pricing shifts cost risk to the government but still exposes MVM to labor rate fluctuations and potential scope creep; political sensitivity of unaccompanied minor transportation adds policy risk.

No funds have been outlaid on the $166.3M obligation, raising risk of delayed revenue recognition; the $1.7B total potential is contingent on option exercises that may face budget constraints.

Three of six contracts (MVM, Tutor Perini, Southwest Valley) are DHS awards, creating agency concentration risk; any DHS budget cuts or policy shifts could materially impact these contractors.

Both $144M and $129M awards were full and open with no set-asides, meaning competitors could win future similar awards; no competitive moat is established.

MVM's $182.1M ICE transportation award and the two CBP facility contracts ($273M combined) indicate sustained DHS investment; contractors with immigration services or construction capabilities could benefit.

The non-competed award signals a strong, sole-source relationship with DOJ; if all options are exercised, V2X could see $1.7B in total revenue from this contract alone.

Though the $140.5M contract is completed, HII's past performance with JIDA positions it for new task orders from GSA FAS FEDSIM or the Joint Improvised-Threat Defeat Agency.

All six contracts are civilian, with DHS accounting for $455M (50%) of total obligation; no defense-related awards appear, suggesting a near-term focus on border security and immigration services over DOD spending.

Two CBP facility contracts totaling $273M are firm-fixed-price, transferring cost overrun risk to contractors; rising construction costs could compress margins for Tutor Perini and Southwest Valley Constructors.

V2X Systems LLC's $166.3M non-competed DOJ award and MVM's full-and-open win highlight two different paths to revenue; sole-source relationships offer durability but face protest risk.

{"entity" => "MVM, Inc.", "reason" => "The $182.1M ICE transportation contract is a one-year award with political sensitivity; follow-on or extension beyond March 2027 is uncertain.", "trigger" => "Contract expiration in March 2027; ICE policy changes; re-compete announcement"}

{"entity" => "V2X Systems LLC / V2X, Inc.", "reason" => "The $166.3M DOJ award has zero outlays and a $1.7B potential; first outlays and option exercises are critical for revenue recognition.", "trigger" => "First outlay on the contract; option exercise announcements; any protest filings"}

{"entity" => "Tutor Perini Corporation", "reason" => "The $144M CBP facility contract is fixed-price with three-year performance; cost overruns could impact margins.", "trigger" => "Quarterly earnings disclosures on construction costs; materials price index changes"}

{"entity" => "Southwest Valley Constructors Co", "reason" => "The $129M CBP facility contract is fixed-price; similar to Tutor Perini, execution risk is medium.", "trigger" => "Construction progress reports; cost overrun disclosures; additional CBP awards"}

{"entity" => "HII Mission Technologies Corp / Huntington Ingalls Industries", "reason" => "The $140.5M JIDA contract is completed; new task orders from GSA or JIDA would signal renewed growth.", "trigger" => "New JIDA or GSA FAS FEDSIM solicitations; HII quarterly updates on mission technologies segment"}