contract_awardAwarded Tuesday, September 15, 2026Analyzed

B.I. INCORPORATED: $229M Department of Homeland Security Contract

Neutral

Summary

B.I. Incorporated, a private company, received a $229M task order from ICE to operate the Intensive Supervision Appearance Program (ISAP), which uses GPS monitoring and case management as an alternative to detention. Since the recipient is private, no public company is directly or indirectly tied to this award, and the contract is not linked to any specific legislation.

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Key Takeaways

  • 1.B.I. Incorporated is a private company, so no public ticker is directly tied to this $229M ICE contract.
  • 2.The contract is a routine task order for the ISAP program, which uses GPS monitoring and case management as an alternative to detention.
  • 3.No related legislation in the HillSignal database directly authorizes or funds this specific contract, and the bills listed have neutral impact.
  • 4.Retail investors should not infer any public equity benefit from this award, as the recipient is private and no supply chain or competitor relationships are established.

Market Implications

Since the recipient is private, there is no direct public equity impact. The contract is a routine renewal of an existing program, and the absence of a public parent company means no ticker is exposed. Investors should not expect any sector-wide movement from this award, as it does not signal a change in federal spending or policy. The related bills are neutral and do not create a tailwind for any public company.

Full Analysis

The Department of Homeland Security, through U.S. Immigration and Customs Enforcement (ICE), awarded B.I. Incorporated a $229M delivery order for the Intensive Supervision Appearance Program (ISAP). ISAP provides GPS monitoring and case management for non-detained immigrants, serving as a cost-effective alternative to detention. The contract runs from September 30, 2025 to September 29, 2026. B.I. Incorporated is a private entity with no public parent company, so the award does not directly flow to any publicly traded firm. The contract is a routine renewal of a well-established program, and the private nature of the recipient means no public company benefits directly. The related bills in the HillSignal database are largely unrelated to immigration enforcement or this specific contract, with most having neutral impact and low relevance. The contract is a single-year task order, and the private recipient means there is no direct public equity exposure. The sector impact is limited to the broader government services and technology-enabled monitoring space, but without a public beneficiary, the market impact is minimal. The contract does not signal a shift in federal spending patterns, and the absence of a public company means retail investors have no direct way to play this news.

Related Presidential Actions

Executive orders & memoranda affecting the same sectors or companies

presidential_memorandumSep 16, 2026

Restoring Reciprocity in Government Procurement

This Presidential Memorandum directs the Office of Management and Budget, the U.S. Trade Representative, and other federal agencies to identify and remove Canadian-origin items from federal civil procurement where possible, citing Canada's 'Buy Canadian' policies as discriminatory. It also requires agencies to be notified of domestic alternatives and mandates ongoing monitoring of Canada's procurement practices, with provisions for restoring access if Canada changes its policies.

proclamationSep 8, 2026

Accelerating Access To Veterans' Benefits And Employment Opportunities

This proclamation orders the Secretaries of War and Veterans Affairs to mandate rapid, ongoing digital sharing of military personnel and medical records, deploy AI-powered tools for benefits applications, and update existing IT contracts for interoperability. It also requires the Transition Assistance Program to connect separating service members to specific jobs or training programs before discharge.

proclamationSep 8, 2026

Adjusting Certain Delegations Under the Defense Production Act

This proclamation amends Executive Order 13603 to share authority under the Defense Production Act for energy matters between the Secretary of the Interior and the Secretary of Energy, allowing each to act independently, and directs inter-agency dispute resolution via the National Energy Dominance Council and National Security Council, with coordination from the Department of War when national defense is implicated.

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

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