N0010424GCN01 - BASIC ORDERING AGREEMENT

This BOA contract for Test & Measurement Supplies, IT Hardware, Electrical & Electronics Equipment > Electronic & Communication Equipment, Training Aids & Devices, Fire Control > Weapon Systems, Communications Equipment was awarded in FY2024 on May 30, 2024 to Lockheed Martin Corporation by NAVSUP Weapon Systems Support (WSS). There have been $14.7M in obligations to date with a ceiling value of $14.7M, 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 May 28, 2029.

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.

Basic Ordering Agreements (BOA) create an understanding between the Federal Government and a contractor for future purchases. When requirements, quantities, and prices are unknown, the Federal Government lacks the necessary information to compete and award a contract. The BOA establishes a method for the Federal Government to expedite a future contract award by laying the required contractual framework.

Read the full report

Buying Agency/Office

Navy»Naval Supply Systems Command»NAVSUP Weapon Systems Support (WSS)

Read the full report