FA865622D0026 - SIAW RAPID PROTOTYPE ACQUISITION

This IDC contract for Aerospace & Defense > Weapons & Ammunition was awarded in FY2022 on May 25, 2022 to Lockheed Martin Corporation by Long Range Systems Division (EBJ). There have been $35M in obligations to date with a ceiling value of $38M, showing a 92% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of Aug 24, 2023.

Lockheed Martin Corporation is a contractor located in MD, doing primarily Aerospace & Defense > Aircraft, Ships/Submarines & Land Vehicles work for Navy. The company receives $76.7B 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.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

Read the full report

Buying Agency/Office

Air Force»Air Force Materiel Command»Air Force Life Cycle Management Center»Armament Directorate (EB)»Long Range Systems Division (EBJ)

Read the full report