DABL0103D1002 -

This IDC contract for Aerospace & Defense > Research and Development, Office Products & Services, IT Consulting, Automotive Parts & Products > Transportation and Logistics Services, Consumer Products > Miscellaneous S&E, IT Software, Furniture, Logistics Equipment > Equipment Related Services, Facility/Physical Security > Security and Protection, Records Management > Digitization, Science/Engineering > Professional Services, Marketing & Distribution, Real Estate Services, Automotive Parts & Products > Sustainment S&E, Marine Products & Materials > Industrial Products & Services, Electrical & Electronics Equipment > Electronic & Communication Equipment, Consumer Products > Equipment Related Services, Communications Equipment, Detection & Coherent Radiation Equipment > Electronic & Communication Equipment, Test & Measurement Supplies, Hardware & Tools, IT Hardware, IT Security Hardware, Education/Training > Research and Development, IT Outsourcing, Support Ships & Small Craft > Vessels, Business Admin Services, Medical Equipment & Supplies > Medical Supplies/Equipment, Education/Training > Human Capital, Industrial Products & Machinery > Industrial Products & Services, Training Aids & Devices, Logistics > Professional Services, Navigation & Communications Equipment was awarded in FY2003 on February 15, 2003 to Lockheed Martin Corporation by . There have been $477.3M in obligations to date with a ceiling value of $477.3M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of January 30, 2008.

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

Read the full report