B.I. INCORPORATED: $229M Department of Homeland Security Contract
Summary
B.I. INCORPORATED, a private company, received a $229M task order from ICE for the Intensive Supervision Appearance Program (ISAP V), which uses technology and case management as an alternative to detention. No publicly traded companies directly benefit, but the contract signals increased spending on immigration enforcement alternatives.
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Key Takeaways
- 1.Private entity B.I. INCORPORATED wins $229M ICE contract for ISAP V, an alternative-to-detention program.
- 2.No publicly traded companies directly benefit; the contract is a tailwind for private-sector electronic monitoring firms.
- 3.HR10259, related to DHS detention facility construction, shares a thematic link but is low-impact.
Market Implications
The contract is not directly investable via public equities. However, the sector of electronic monitoring and case management services may see elevated federal spending, which could benefit private companies or, indirectly, larger defense primes that partner with such firms. No specific tickers can be named with confidence.
⚡ Government Convergence
Active government convergence in this signal’s sector right now.
Over the last 90 days, 138 separate government actions have converged on Border / Immigration Enforcement. What that means: federal dollars are already moving — agencies are soliciting bids and awarding contracts, not just talking, and legislation and executive action are building the policy and funding tailwind behind it. When independent channels move together like this — 89 federal contracts, 26 procurement notices, 19 bills and 4 executive actions — it's the clearest early tell that Washington is committing to border / immigration enforcement, the kind of build-up that reshapes the sector well before it's obvious in the headlines.
Converging government actions
- BillMichel O. Maceda Memorial Act · 2024-12-11
- BillA bill to expand the sharing of information with respect to suspected violations of intellectual property rights in trade. · 2025-08-01
- ContractBARNARD SPENCER JOINT VENTURE: $634M Department of Homeland Security Contract · 2025-09-19
- ContractFISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract · 2025-12-17
- ContractSPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract · 2026-03-18
- ContractBARNARD CONSTRUCTION COMPANY, INCORPORATED: BORDER WALL CONSTRUCTION FOR EL PASO SECTOR - EPT-5 · 2026-04-24
- ContractSOUTHWEST VALLEY CONSTRUCTORS CO: $1.7B Department of Homeland Security Contract · 2026-05-11
- Executive actionExecutive Order: Strengthening Customs Enforcement · 2026-06-03
- ContractSLS FEDERAL SERVICES LLC: $1.3B Department of Homeland Security Contract · 2026-06-26
- Executive actionProclamation: Imposing Additional Duties to Offset Canadian Discrimination Against the Commerce of the United States with Respect to Alcoholic Beverages · 2026-07-20
- Executive actionProclamation: Temporary Suspension of Additional Duties to Offset Canadian Discrimination Against the Commerce of the United States with Respect to Alcoholic Beverages, Dairy, and Motor Vehicles · 2026-08-19
- ContractTRIBALCO LLC: $33.6M Department of Homeland Security Contract · 2026-09-01
- BillNo Homeless Detention Centers Act · 2026-09-02
- Procurement noticeNorthern Cheyenne Youth Detention Center Wastewate · 2026-09-03
Full Analysis
- The contract is a delivery order valued at $229 million awarded to B.I. INCORPORATED by the Department of Homeland Security's Immigration and Customs Enforcement (ICE) for the Intensive Supervision Appearance Program (ISAP V). ISAP V provides a cost-effective alternative to detention by using technology (such as GPS monitoring) and case management to ensure compliance with immigration proceedings. 2) B.I. INCORPORATED is a private entity, so there is no publicly traded parent company or direct beneficiary. This limits the direct stock market impact, though competitors in the electronic monitoring space may be affected. 3) Among related bill signals, HR10259 is the most relevant—it requires DHS actions before constructing new detention facilities, aligning with the contract's focus on alternatives to detention. The bill is neutral with a low impact score, but its sector (Defense, Infrastructure) matches the contract. 4) Downstream, private subcontractors in technology monitoring (e.g., GPS ankle bracelet providers) and case management services could benefit, but no public tickers are identifiable. 5) Historically, federal contracts for supervision programs in immigration have been stable but not high-growth, and since B.I. INCORPORATED is private, the public market impact is muted.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
To require the Secretary of Homeland Security to take certain actions before constructing a facility for purposes of detaining any person under the immigration laws, and for other purposes.
SPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract
SOUTHWEST VALLEY CONSTRUCTORS CO: $1.7B Department of Homeland Security Contract
CENTRAL PLATEAU CLEANUP COMPANY, LLC: $1.0B Department of Energy Contract
GOVERNOR'S AUTHORIZED REPRESENTATIVE: $1.8B Department of Homeland Security Grant
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $2.9B Department of Homeland Security Grant
MACRO OVERRIDE: US-Iran Escalation
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Declaring a National Emergency to Secure the United States Bulk-Power System
This executive order declares a national emergency to restrict foreign-produced bulk-power system electric equipment that poses national security risks, prohibiting new transactions involving equipment from covered foreign entities and allowing the Secretary of Energy to impose conditions on existing equipment. It directs the Secretary of Energy, in coordination with multiple agencies, to identify, mitigate, and potentially replace risky equipment, and establishes a pre-qualification list for approved vendors.
The National Space Transportation Policy
This memorandum directs multiple agencies to expand and modernize U.S. space launch and reentry infrastructure to support over 1,000 launches annually by 2030, expedite permitting and environmental reviews, develop new federal reentry sites, and strengthen the space transportation industrial base. It mandates range scheduling transparency, spectrum reliability, and workforce development, with specific reports and plans due within 90 to 240 days.
Adjusting Imports of Unmanned Aircraft Systems and Unmanned Aircraft Systems Components into the United States
This proclamation imposes a 100% ad valorem tariff on imports of unmanned aircraft systems (UAS) over 25 kg, those with thermal imagers, docking stations, and certain components, and a 25% tariff on UAS under 25 kg and other components, citing national security under Section 232 of the Trade Expansion Act. It also authorizes the Department of Commerce to establish an onshoring program offering preferential tariff treatment for companies that build new U.S. manufacturing facilities for UAS and components.
Contract Details
Recipient
B.I. INCORPORATED
Award Amount
$228,516,115
Awarding Agency
Department of Homeland Security
Sub-Agency
U.S. Immigration and Customs Enforcement
Contract Type
DELIVERY ORDER
Related Bills
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