DoD's $66.7M R&D Contract for AMC G-3 Support Awarded to Lockheed Martin

Contract Overview

Contract Amount: $66,696,866 ($66.7M)

Contractor: Lockheed Martin Integrated Systems, LLC

Awarding Agency: Department of Defense

Start Date: 2006-08-25

End Date: 2008-09-30

Contract Duration: 767 days

Daily Burn Rate: $87.0K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: TIME AND MATERIALS

Sector: R&D

Official Description: HQ AMC DEPUTY G-3 SUPPORT

Place of Performance

Location: WALL TOWNSHIP, MONMOUTH County, NEW JERSEY, 07719

State: New Jersey Government Spending

Plain-Language Summary

Department of Defense obligated $66.7 million to LOCKHEED MARTIN INTEGRATED SYSTEMS, LLC for work described as: HQ AMC DEPUTY G-3 SUPPORT Key points: 1. The contract focuses on Research and Development in Physical, Engineering, and Life Sciences. 2. Lockheed Martin Integrated Systems, LLC, is the sole awardee. 3. The contract duration is 767 days. 4. This award falls under the R&D sector, with a significant dollar value.

Value Assessment

Rating: fair

The contract was awarded on a Time and Materials basis, which can lead to cost overruns if not managed carefully. The total award value is substantial for the given duration.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting a competitive bidding process. However, it was a delivery order, implying it might be part of a larger indefinite-delivery/indefinite-quantity (IDIQ) contract.

Taxpayer Impact: Taxpayer funds are being used for research and development, the effectiveness of which will determine the ultimate value.

Public Impact

Supports critical R&D functions for the Army Materiel Command (AMC). Potential for technological advancements and improved operational capabilities. Funding allocated for research could lead to future innovations.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Research and Development sector, specifically NAICS code 541710. Spending in this sector is crucial for innovation but can be subject to long development cycles and uncertain outcomes.

Small Business Impact

The data does not indicate any specific set-aside for small businesses, suggesting large businesses were likely the primary competitors.

Oversight & Accountability

Oversight would typically be managed by the Department of the Army contracting officers to ensure performance and adherence to contract terms.

Related Government Programs

Risk Flags

Tags

research-and-development-in-the-physical, department-of-defense, nj, delivery-order, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $66.7 million to LOCKHEED MARTIN INTEGRATED SYSTEMS, LLC. HQ AMC DEPUTY G-3 SUPPORT

Who is the contractor on this award?

The obligated recipient is LOCKHEED MARTIN INTEGRATED SYSTEMS, LLC.

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Army).

What is the total obligated amount?

The obligated amount is $66.7 million.

What is the period of performance?

Start: 2006-08-25. End: 2008-09-30.

What specific research and development outcomes are expected from this contract, and how will their success be measured?

The expected outcomes are not detailed in the provided data. Success measurement would likely involve technical reviews, milestone achievements, and the delivery of research findings or prototypes. A thorough review of the Statement of Work (SOW) and performance metrics is necessary to assess the value and effectiveness of the R&D investment.

What are the potential risks associated with a Time and Materials contract for R&D, and how are they mitigated?

Risks include cost overruns due to undefined scope or inefficient labor. Mitigation strategies typically involve strong government oversight, detailed task orders, labor hour limitations, and regular progress reviews to ensure the contractor remains within budget and delivers on objectives. The government must actively manage the contract to control costs.

How does this contract's value compare to similar R&D contracts within the Department of Defense or Army?

Without access to a broader database of comparable R&D contracts, a precise benchmark is difficult. However, $66.7 million over approximately two years for specialized R&D support is a significant investment. Benchmarking would require analyzing contracts with similar technical scope, duration, and agency.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesScientific Research and Development ServicesResearch and Development in the Physical, Engineering, and Life Sciences

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT)PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 2

Pricing Type: TIME AND MATERIALS (Y)

Evaluated Preference: NONE

Contractor Details

Parent Company: Lockheed Martin Corp (UEI: 834951691)

Address: 3000 LINCOLN DR E, MARLTON, NJ, 08053

Business Categories: Category Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $66,696,866

Exercised Options: $66,696,866

Current Obligation: $66,696,866

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: DAAB0703DB009

IDV Type: IDC

Timeline

Start Date: 2006-08-25

Current End Date: 2008-09-30

Potential End Date: 2008-09-30 00:00:00

Last Modified: 2018-11-13

More Contracts from Lockheed Martin Integrated Systems, LLC

View all Lockheed Martin Integrated Systems, LLC federal contracts →

Other Department of Defense Contracts

View all Department of Defense contracts →

Explore Related Government Spending