DoD awards $116M for Engineering Services to Lockheed Martin, highlighting firm fixed-price contract

Contract Overview

Contract Amount: $116,314,086 ($116.3M)

Contractor: Lockheed Martin Integrated Systems, LLC

Awarding Agency: Department of Defense

Start Date: 2002-03-20

End Date: 2004-09-30

Contract Duration: 925 days

Daily Burn Rate: $125.7K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Defense

Place of Performance

Location: ORLANDO, ORANGE County, FLORIDA, 32819

State: Florida Government Spending

Plain-Language Summary

Department of Defense obligated $116.3 million to LOCKHEED MARTIN INTEGRATED SYSTEMS, LLC for work described as: Key points: 1. Contract Value: $116.3 million awarded. 2. Competition: Full and open competition was utilized. 3. Risk: Firm fixed-price contract may shift risk to contractor. 4. Sector: Engineering services for the Department of the Air Force.

Value Assessment

Rating: good

The contract value of $116.3 million for engineering services appears reasonable given the scope and duration. Benchmarking against similar large-scale engineering contracts would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The use of full and open competition suggests a robust price discovery process. This method allows multiple qualified vendors to bid, potentially driving down costs and ensuring fair market value.

Taxpayer Impact: Full and open competition generally leads to better value for taxpayers by fostering a competitive environment.

Public Impact

Supports critical Air Force engineering and technical requirements. Potential for technology development and innovation within the defense sector. Ensures continued operational readiness through specialized engineering support.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the engineering services sector, which is crucial for defense readiness and technological advancement. Spending in this area is often substantial due to the complexity and specialized nature of defense projects.

Small Business Impact

The provided data does not indicate any specific subcontracting goals for small businesses on this contract. Further investigation would be needed to determine the extent of small business participation.

Oversight & Accountability

The Department of the Air Force is responsible for oversight. The firm fixed-price nature of the contract implies that contractor performance and cost management are key areas for oversight.

Related Government Programs

Risk Flags

Tags

engineering-services, department-of-defense, fl, dca, 100m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $116.3 million to LOCKHEED MARTIN INTEGRATED SYSTEMS, LLC. See the official description on USAspending.

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 Air Force).

What is the total obligated amount?

The obligated amount is $116.3 million.

What is the period of performance?

Start: 2002-03-20. End: 2004-09-30.

What specific engineering services are covered under this contract, and how do they align with current Air Force modernization priorities?

The contract, NAICS code 541330, covers engineering services. While the exact services aren't detailed, they likely encompass design, development, testing, and integration for Air Force systems. Alignment with modernization priorities would depend on the specific projects undertaken, but engineering services are fundamental to maintaining and upgrading complex military platforms.

What are the key performance indicators (KPIs) for this contract, and how is Lockheed Martin's performance being measured?

The provided data does not specify the key performance indicators (KPIs) for this contract. Typically, for engineering services, KPIs might include adherence to technical specifications, timely delivery of milestones, quality of deliverables, and cost control. The Department of the Air Force would have established metrics to evaluate Lockheed Martin's performance throughout the contract duration.

How does the $116.3 million award compare to the estimated cost or budget for these engineering services?

The data indicates an award amount of $116.3 million. Without knowing the initial budget or estimated cost for these services, it's difficult to definitively assess if the award represents good value. However, the use of full and open competition suggests that the awarded price is likely competitive and reflects market conditions at the time of award.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesArchitectural, Engineering, and Related ServicesEngineering Services

Product/Service Code: RESEARCH AND DEVELOPMENTC – National Defense R&D Services

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Contractor Details

Parent Company: Lockheed Martin Corp (UEI: 834951691)

Address: 5600 SAND LAKE ROAD, ORLANDO, FL, 90

Business Categories: Category Business, Not Designated a Small Business

Contract Characteristics

Cost or Pricing Data: NO

Timeline

Start Date: 2002-03-20

Current End Date: 2004-09-30

Potential End Date: 2004-09-30 00:00:00

Last Modified: 2009-09-18

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