FA700019AA005 - PARACHUTE AND PARACHUTE ACCESSORIES FOR USE BY THE...

This BPA contract for Aerospace & Defense > Sustainment S&E, Training Aids & Devices was awarded in FY2019 on Jul 9, 2019 to PARA-GEAR EQUIPMENT CO by 306th Flying Training Group. There have been $2M in obligations to date with a ceiling value of $2M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 5 year duration with ultimate completion date of Jul 7, 2024.

PARA-GEAR EQUIPMENT CO is a contractor located in IL, doing primarily Aerospace & Defense > Sustainment S&E work for Air Force. The company receives $1M 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.

Blanket Purchase Agreements or BPAs establish a method for the Government to satisfy a repetitive need for goods and services. When a government-wide need exists for specific products or services, a BPA allows the Government to establish a single contract to satisfy those needs. Creating a single source for common needs enables the Government to use buying power to drive down prices and avoid the higher costs associated with hundreds or thousands of customers purchasing independently.

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Buying Agency/Office

Air Force»Air Education and Training Command (AETC)»19th Air Force»12th Flying Training Wing»306th Flying Training Group

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