Trump Awards $1.3 Billion Contract To Build Immigrant Detention Center At Fort Bliss: Here’s What You Need To Know

The Trump administration on Tuesday awarded a $1.3 billion contract to build an immigrant detention center at Fort Bliss, a U.S. Army base in Texas.

While 13 bids were received by the U.S. Department of Defense, a Virginia-based company, Acquisition Logistics, has been awarded the contract, according to a notice published on the department’s website.

However, additional details about the award were revealed in a Bloomberg report on Tuesday. Acquisition Logistics secured the contract through a federal program designed to support small businesses, according to the report.

Meanwhile, U.S. equities declined in Tuesday morning trade as investors weighed the impact of the Trump administration reigniting tariff concerns.

The SPDR S&P 500 ETF (SPY), which mirrors the S&P 500 index, was down 0.15% at the time of writing, while the Invesco QQQ Trust (QQQ), which mirrors the Nasdaq, was down 0.51%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘neutral’ territory.

The immigrant detention center is said to be a sprawling facility with 5,000 beds, making it the largest such facility in the U.S.

The company, Acquisition Logistics, won a $5 million contract earlier this year for lodging and conference room services for the U.S. Army.

It was founded in 2008 by a retired Naval flight officer, Ken Wagner. Over the past five years, Acquisition Logistics has been awarded contracts worth $29 million.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Also See: Nvidia, Snowflake Invest $110M In Newly-Minted Unicorn Reka AI