Executive Summary
Fisher Sand & Gravel Co secured a $334M firm fixed price delivery order from DHS/CBP for border wall construction in Arizona's Tucson sector, with full base + options obligation providing strong revenue visibility through Dec 2027 and $62M already outlayed. This full open competition award signals bullish momentum in border infrastructure spending for NAICS 236220 contractors. Investors should monitor execution risks in remote areas amid firm fixed price structure.
Tracking the trend? Catch up on the prior Contract Option Exercises digest from February 07, 2026.
Investment Signals(1)
- $334M Border Wall Delivery Order Fully Obligated(HIGH)▲
Fisher Sand & Gravel Co awarded full $334M (base + options) firm fixed price order for vertical barrier construction in Tucson sector TCA 10-4/10-6, spanning June 2025-Dec 2027 with $62M outlayed.
Risk Flags(1)
- Execution[MEDIUM RISK]▼
Firm fixed price exposes contractor to cost overruns over 2.5-year term in remote Sonoita, AZ; partial $62M outlay of $334M total signals potential uneven cash flows.
Opportunities(1)
- ◆
$334M locked-in revenue from full obligation provides visibility; potential for follow-on CBP border infrastructure awards via full open competition.
Sector Themes(1)
- ◆
DHS/CBP issues large firm fixed price delivery orders for Tucson sector wall construction under full open competition to non-small businesses.
Watch List(1)
- 👁
{"entity"=>"FISHER SAND & GRAVEL CO", "reason"=>"Single major $334M obligated contract dominates period activity, with 2.5-year execution horizon.", "trigger"=>"Additional CBP awards or outlay acceleration beyond $62M"}
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