N0025319D0004 - TECHNOLOGY INSERTION HARDWARE (TIH 20/22)

This IDC contract for Detection & Coherent Radiation Equipment > Electronic & Communication Equipment, Science/Engineering > Professional Services, Fire Control > Equipment Related Services, Fire Control > Weapon Systems was awarded in FY2019 on Jul 29, 2019 to Leonardo DRS by Naval Sea Systems Command (NAVSEA). There have been $485.3M in obligations to date with a ceiling value of $830.7M, showing a 58% 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 Dec 22, 2026.

Leonardo DRS is a contractor located in NJ, doing primarily Fire Control > Weapon Systems work for Army. The company receives $1.7B 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 Sea Systems Command (NAVSEA)

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