N0002498D5202 -

This IDC contract for Electrical & Electronics Equipment > Electronic & Communication Equipment, Facility Related Materials, IT Networking Hardware > Hardware, Detection & Coherent Radiation Equipment > Electronic & Communication Equipment, Communications Equipment, Consumer Products > Electronic & Communication Equipment, IT Hardware, Facility Related Equipment > Facility Equipment, Facility/Physical Security > Security and Protection, Test & Measurement Supplies, Weapons > Weapons & Ammunition, Fire Control > Weapon Systems was awarded in FY1998 on November 30, 4799 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 July 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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