This Definitive Contract contract for Aerospace & Defense > Professional Services was awarded in FY2007 on November 16, 2006 to Lockheed Martin Corporation by Army Research Laboratory. There have been $70k in obligations to date with a ceiling value of $119.9k, showing a 58% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of September 19, 2007.
Lockheed Martin Corporation is a contractor located in MD, doing primarily Aerospace & Defense > Aircraft, Ships/Submarines & Land Vehicles work for Navy. The company receives $78.8B 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.
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