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This is a $12.8M direct payment from FEMA to the Alaska Department of Military and Veteran's Affairs, a state government entity. It is a pass-through grant for families in disaster areas, with no connection to publicly traded companies.
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There are no market implications as the recipient is a private, governmental entity and no public companies are involved in the contract performance or supply chain.
The contract award is a $12.8M direct payment from the Department of Homeland Security's Federal Emergency Management Agency to the Alaska Department of Military and Veteran's Affairs. The purpose is to provide financial aid to families in disaster areas, categorized as a non-reimbursable direct financial aid (subsidy). Because the recipient is a state government agency and not a publicly traded company or its subsidiary, there are no direct beneficiaries in the public markets. The contract does not have a NAICS code and spans a single fiscal year, indicating it is a routine disaster assistance grant rather than a procurement for goods or services. No related legislation from the provided bill signals directly appropriates or authorizes this specific spending, nor do any of the presidential actions concerning space policy relate to disaster relief. As such, there is no market impact or investment implication for retail investors.
Matched on shared policy language across AI analyses, with ticker & timing weight
ALASKA DEPARTMENT OF MILITARY AND VETERAN'S AFFAIRS: $11.1M Department of Homeland Security Federal Award
ALASKA DEPARTMENT OF MILITARY AND VETERAN'S AFFAIRS: $30.5M Department of Homeland Security Federal Award
MISSISSIPPI EMERGENCY MANAGEMENT AGENCY: $113M Department of Homeland Security Federal Award
DEFENSE, HAWAII DEPARTMENT OF: $16.6M Department of Homeland Security Federal Award
Recipient
ALASKA DEPARTMENT OF MILITARY AND VETERAN'S AFFAIRS
Award Amount
$12,836,400
Awarding Agency
Department of Homeland Security
Sub-Agency
Federal Emergency Management Agency
Contract Type
DIRECT PAYMENT FOR SPECIFIED USE, AS A SUBSIDY OR OTHER NON-REIMBURSABLE DIRECT FINANCIAL AID (C)
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