FA823224C0002 - 10-YEAR F-16 PROVISIONED ITEMS ORDER CONTRACT FOR ...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Aerospace & Defense > Sustainment S&E was awarded in FY2024 on November 08, 2023 to Lockheed Martin Corporation by F-16 Division (WAM). There have been $910k in obligations to date with a ceiling value of $238M, showing a 0% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 11 year duration with ultimate completion date of November 08, 2034.
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.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
- Contract Number
- FA823224C0002
- Contractor
- LOCKHEED MARTIN CORPORATION
- Obligations to Date
- $910k
- Ceiling Value
- $238M
- Award Date
- 11/08/2023
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Air Force » Air Force Materiel Command » Air Force Life Cycle Management Center » Fighters and Advanced Aircraft Directorate (WA) » F-16 Division (WAM)
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