This Definitive Contract contract for Aerospace & Defense > Research and Development was awarded in FY2024 on Aug 15, 2024 to XONA SPACE SYSTEMS INC by AFWERX (RG). There have been $1.6M in obligations to date with a ceiling value of $1.6M, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 122 offers received. We expect a 2 year duration with ultimate completion date of Jun 14, 2026.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
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