This Other Transaction IDV contract was awarded in FY2024 on Feb 27, 2024 to TIMKENSTEEL CORPORATION by PM Combat Ammunition Systems. There have been $48.9M in obligations to date with a ceiling value of $99.8M, showing a 49% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 2 year duration with ultimate completion date of Feb 28, 2026.
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