This Definitive Contract contract for Aerospace & Defense > Sustainment S&E was awarded in FY2019 on September 10, 2019 to Meggitt PLC by 848th Supply Chain Management Group. There have been $301k in obligations to date with a ceiling value of $301k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 2 year duration with ultimate completion date of April 01, 2021.
Meggitt PLC is a contractor located in GA, doing primarily Aerospace & Defense > Sustainment S&E work for Defense. The company receives $170.4M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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.
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