N6264921D0001 - H-53 AIRCRAFT PMI AND RESET REPAIRS

This IDC contract for Automotive Parts & Products > Transportation and Logistics Services, Aerospace & Defense > Equipment Related Services was awarded in FY2021 on Nov 25, 2020 to Korean Air Lines by Fleet Readiness Center WESTPAC - Atsugi (FRCWP). There have been $38.3M in obligations to date with a ceiling value of $286.6M, showing a 13% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 9 year duration with ultimate completion date of May 30, 2029.

Korean Air Lines is a contractor located in SEOUL, doing primarily Aerospace & Defense > Equipment Related Services work for Air Force. The company receives $39.5M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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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Buying Agency/Office

Navy»Naval Air Systems Command»Commander Fleet Readiness Centers (COMFRC)»Fleet Readiness Center WESTPAC - Atsugi (FRCWP)

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