Target Hospitality Corp. announced it has been awarded a seat on a multi-year, $4.0 billion Emergency Detention and Related Services Strategic Sourcing Vehicle (SSV). This SSV establishes the necessary contracting vehicle to support the Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) in response to Executive Orders issued on January 20, 2025.
The SSV is designed to support DHS and ICE initiatives focused on expanding emergency detention capabilities and related facility services. The total contract value of the SSV is up to $4.0 billion, with a period of performance extending through May 16, 2027. This award provides Target Hospitality the opportunity to directly participate in potential future contract awards.
Target Hospitality believes its existing capabilities align with certain DHS and ICE initiatives supported by the SSV, positioning the company to actively pursue a portion of these opportunities. These potential opportunities extend beyond Target's current asset portfolio, establishing multiple avenues to expand its government end-market service offering and broaden its contract portfolio.
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