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Financial Times: Private Companies Reaped $22B in Contracts with ICE & CBP Last Year

HeadlineJan 30, 2026

The Financial Times reports private companies have reaped $22 billion in contracts with ICE and CBP, Customs and Border Protection, over the past year. Spending by CBP on private contractors increased sevenfold between the first and second half of 2025. One gravel company has received more than $6 billion in contracts since July to help build a wall along the southern border. The firm, Fisher Sand & Gravel, is headed by a Trump ally and Republican donor. Private prison companies have also received major contracts: $800 million has gone to the GEO Group and almost $300 million to CoreCivic. The data intelligence firm Palantir has received more than $81 million in ICE contracts since last January. The online news outlet 404 Media recently reported Palantir has developed a new tool to help ICE find neighborhoods to raid.

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