This Purchase Order contract for Aerospace & Defense > Equipment Related Services was awarded in FY2019 on March 20, 2019 to L-3 Harris Technologies, Inc by Naval Air Systems Command. There have been $152.2k in obligations to date with a ceiling value of $153.7k, showing a 99% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received.
L-3 Harris Technologies, Inc is a contractor located in FL, doing primarily Aerospace & Defense > Equipment Related Services work for Air Force. The company receives $8.1B 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.
Purchase orders offer the Federal Government an avenue to streamline smaller purchases. Compared to the typical procurement process, where a requirement moves through several milestones before award, purchase orders allow for a quick turnaround to fulfill commodity and service needs. The total value of a transaction is the primary prerequisite for the use of purchase orders. In more familiar terms, purchase orders resemble a trip to a local retail store to buy a few items.
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