N0002498D5202 -

This IDC contract for Facility/Physical Security > Security and Protection, Weapons > Weapons & Ammunition, Consumer Products > Electronic & Communication Equipment, Facility Related Materials, IT Hardware, Facility Related Equipment > Facility Equipment, Test & Measurement Supplies, Electrical & Electronics Equipment > Electronic & Communication Equipment, Communications Equipment, Detection & Coherent Radiation Equipment > Electronic & Communication Equipment, IT Networking Hardware > Hardware, Fire Control > Weapon Systems was awarded in FY1998 on Jul 17, 1998 to Lockheed Martin Corporation by . There have been $1.3B in obligations to date with a ceiling value of $1.3B, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 7 year duration with ultimate completion date of Jul 14, 2005.

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.

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