Reworld Holding Corporation

Reworld Holding Corporation, doing business as Covanta, is a foreign-owned, for-profit waste-to-energy and environmental remediation company that operates as a prime contractor delivering secure incineration, hazardous waste disposal, and evidence destruction services to federal civilian agencies on a competitive basis without set-aside designations. Covanta competes full-and-open across its federal footprint and holds no SBA certifications.

Covanta's federal capability centers on secure destruction of classified documents, controlled substances, seized drugs, non-drug evidence, and hazardous laboratory waste through incineration at its nationwide network of waste-to-energy facilities. The company operates as the dominant provider of evidence destruction and controlled substance incineration for the Drug Enforcement Administration, executing hundreds of task orders for the destruction of bulk drugs, pharmaceuticals, marijuana, and related materials at facilities in New Jersey, Indiana, Illinois, Texas, and California. Representative prime work includes a $700,000 single-award Blanket Purchase Agreement with DEA (established September 17, 2021) under which dozens of purchase orders and BPA calls have been issued in the $1,600–$27,000 range for quarterly and event-driven incineration cycles; a $10.6 million single-award Indefinite Delivery Contract with the National Archives and Records Administration (awarded September 26, 2024) for secure nontextual and classified document destruction with delivery orders issued for Obama Library materials, Clinton Library collections, and general classified materials at Berwyn Heights, Maryland and Morristown, New Jersey facilities; and spot purchase orders from the Naval Sea Systems Command and the Bureau of International Narcotics Law Enforcement for document incineration and controlled substance disposal at individual facility locations.

Customer concentration is heavily skewed to the Drug Enforcement Administration, which accounts for 67 awards (92% coverage by award count) with combined potential value of $1.4 million, while the National Archives and Records Administration accounts for 7 awards with $12.3 million combined potential value and dominates the dollar ranking. The remaining customer set includes the Customs and Border Protection (3 awards, $59 thousand), the Federal Bureau of Investigation Los Angeles Field Office (2 awards, $35 thousand), and the Department of State Bureau of International Narcotics Law Enforcement (1 award, $53 thousand), representing exposure to law enforcement, evidence management, and regulatory disposal missions across the federal civilian enterprise. The divergence in rankings—DEA volume versus NARA dollars—reflects NARA's larger IDV ceiling and multi-year delivery order structure versus DEA's smaller, higher-frequency task order model.

Covanta holds two active parent vehicles: the $700,000 DEA Blanket Purchase Agreement (20 task orders, $162 thousand combined value) and the $10.6 million NARA Indefinite Delivery Contract (5 task orders, $1 million combined value). Federal contract activity has grown significantly year over year, from 5 awards in 2022 to 27 in 2025, with 2026 showing 5 awards in the first four months. Only 4 awards (combined potential value $124 thousand) face ultimate completion in the next twenty-four months, reducing near-term recompete exposure for both Covanta and its competitors.

Covanta operates as prime on 97% of awards (85 of 88 total). Sub-award activity is minimal: the company subcontracts to Amentum Services, Inc. on a February 2025 sub-award for general property destruction and recycling, and to Lockheed Martin Corporation on two January 2024 SPEAR LCSM (Long-Range Combat Support Module) sub-awards related to trial shipment services. The Lockheed Martin sub-relationship represents Covanta's sole exposure to defense logistics and materiel management work; the primary footprint remains civilian law enforcement and records management.

Covanta's corporate structure includes 15 named subsidiaries spanning hazardous waste treatment, energy generation, and facility operations, including Covanta Energy Corporation, Covanta Marion Inc., Covanta Stanislaus Inc., and Reworld-branded entities for Alexandria/Arlington, Tulsa, and Indianapolis. No evidence in the source indicates that these subsidiary names carry specialized federal contracting roles; they appear to reflect operational facility or geographic organization rather than distinct customer or capability segments. The parent company Reworld Holding Corporation is the contracting entity across the federal footprint.