FA865022P2308 - INNOVATIVE ENGINES FOR SMALL UNMANNED AERIAL SYSTE...
Federal Contract Award Search » Purchase Order Award
This Purchase Order contract for Aerospace & Defense > Research and Development was awarded in FY2022 on May 12, 2022 to LOUTHAN ENGINEERING by AFWERX (RG). There have been $129.3k in obligations to date with a ceiling value of $129.3k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 40 offers received. We expect a 1 year duration with ultimate completion date of May 11, 2023.
LOUTHAN ENGINEERING is a contractor located in MD, doing primarily Aerospace & Defense > Research and Development work for Air Force. The company receives $399.4k annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
Purchase orders offer the Federal Government an avenue to streamline smaller purchases. Compared to the typical procurement process, where a requirement moves through several milestones before award, purchase orders allow for a quick turnaround to fulfill commodity and service needs. The total value of a transaction is the primary prerequisite for the use of purchase orders. In more familiar terms, purchase orders resemble a trip to a local retail store to buy a few items.
- Contract Number
- FA865022P2308
- Contractor
- LOUTHAN ENGINEERING
- Obligations to Date
- $129.3k
- Ceiling Value
- $129.3k
- Award Date
- 05/12/2022
- Contract Type
- Purchase Order
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Air Force»Air Force Materiel Command»Air Force Research Laboratory»AFWERX (RG)
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