N0001914G0020 - OMNIBUS BASIC ORDERING AGREEMENT

This BOA contract for Aerospace & Defense > Sustainment S&E, Healthcare > Medical Practitioners, Aerospace & Defense > Aircraft, Ships/Submarines & Land Vehicles, Passenger Travel, Aerospace & Defense > Research and Development was awarded in FY2014 on Mar 13, 2014 to Lockheed Martin Corporation by Naval Air Systems Command. There have been $7.3B in obligations to date with a ceiling value of $7.3B, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 5 year duration with ultimate completion date of Mar 12, 2019.

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.

Basic Ordering Agreements (BOA) create an understanding between the Federal Government and a contractor for future purchases. When requirements, quantities, and prices are unknown, the Federal Government lacks the necessary information to compete and award a contract. The BOA establishes a method for the Federal Government to expedite a future contract award by laying the required contractual framework.

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Buying Agency/Office

Navy»Naval Air Systems Command

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