DoD's $28.8M Towed Systems Support Contract Awarded to Lockheed Martin

Contract Overview

Contract Amount: $28,825,722 ($28.8M)

Contractor: Lockheed Martin Integrated Systems, LLC

Awarding Agency: Department of Defense

Start Date: 2007-12-14

End Date: 2012-11-30

Contract Duration: 1,813 days

Daily Burn Rate: $15.9K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: COST PLUS FIXED FEE

Sector: Defense

Official Description: SERVICES FOR INTERMEDIATE MAINTENANCE AND OPERATIONAL SUPPORT OF TOWED SYSTEMS

Place of Performance

Location: VIRGINIA BEACH, VIRGINIA BEACH CITY County, VIRGINIA, 23454

State: Virginia Government Spending

Plain-Language Summary

Department of Defense obligated $28.8 million to LOCKHEED MARTIN INTEGRATED SYSTEMS, LLC for work described as: SERVICES FOR INTERMEDIATE MAINTENANCE AND OPERATIONAL SUPPORT OF TOWED SYSTEMS Key points: 1. Significant contract value for specialized engineering services. 2. Lockheed Martin is a major defense contractor, indicating potential market concentration. 3. The contract duration of 1813 days suggests a long-term need for these services. 4. Engineering services sector is critical for defense readiness and technological advancement.

Value Assessment

Rating: fair

The contract type is Cost Plus Fixed Fee, which can lead to cost overruns if not managed tightly. Without specific benchmarks for similar towed systems maintenance, a definitive value assessment is difficult.

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, the specific pricing discovery mechanisms and their effectiveness are not detailed.

Taxpayer Impact: Taxpayer funds are utilized for essential defense maintenance, with the ultimate impact depending on the efficiency and necessity of the services provided.

Public Impact

Ensures operational readiness of critical towed defense systems. Supports advanced engineering and maintenance capabilities within the defense industrial base. Contributes to the technological superiority of U.S. military assets.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Engineering Services sector, specifically supporting defense-related systems. Spending in this area is crucial for maintaining military readiness and technological edge, with benchmarks often tied to system complexity and service duration.

Small Business Impact

The data indicates the prime contractor is Lockheed Martin, a large corporation. There is no explicit information on small business participation in this specific contract award.

Oversight & Accountability

The contract was managed by the Defense Contract Management Agency, implying oversight. However, details on specific oversight mechanisms, performance reviews, or accountability measures are not provided.

Related Government Programs

Risk Flags

Tags

engineering-services, department-of-defense, va, delivery-order, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $28.8 million to LOCKHEED MARTIN INTEGRATED SYSTEMS, LLC. SERVICES FOR INTERMEDIATE MAINTENANCE AND OPERATIONAL SUPPORT OF TOWED SYSTEMS

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 (Defense Contract Management Agency).

What is the total obligated amount?

The obligated amount is $28.8 million.

What is the period of performance?

Start: 2007-12-14. End: 2012-11-30.

What is the cost-effectiveness of the Cost Plus Fixed Fee structure for this specific type of maintenance service?

The Cost Plus Fixed Fee (CPFF) structure can be effective when the scope of work is not precisely defined or is subject to change, common in complex engineering services. However, it carries a risk of cost escalation if the contractor's costs are not rigorously monitored and controlled by the agency. For towed systems maintenance, the effectiveness hinges on the agency's ability to establish realistic cost ceilings and performance metrics to ensure value for money.

What are the primary risks associated with the long duration and potential for technological obsolescence of the towed systems being maintained?

The primary risks include the potential for the towed systems themselves to become technologically obsolete during the contract's 1813-day term, rendering the maintenance services less valuable. Additionally, a long duration increases the risk of cost overruns due to unforeseen technical challenges or inflation. Effective risk mitigation would involve regular reviews of system relevance and contract terms, with options for modification or termination if the systems' operational value diminishes significantly.

How does the performance of Lockheed Martin on this contract compare to industry benchmarks for similar engineering support services?

Without specific performance data or access to industry benchmarks for comparable towed systems maintenance contracts, a direct comparison is challenging. Key performance indicators would typically include on-time delivery, adherence to technical specifications, and cost control. Evaluating Lockheed Martin's performance would require analyzing delivery order specifics, any reported issues or successes, and comparing these against established metrics for engineering services within the defense sector.

Industry Classification

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

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

Solicitation ID: N0002407R3523

Offers Received: 1

Pricing Type: COST PLUS FIXED FEE (U)

Evaluated Preference: NONE

Contractor Details

Parent Company: Lockheed Martin Corp (UEI: 834951691)

Address: 1293 PERIMETER PKWY, VIRGINIA BEACH, VA, 23454

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $29,745,456

Exercised Options: $29,745,456

Current Obligation: $28,825,722

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: N0017804D4079

IDV Type: IDC

Timeline

Start Date: 2007-12-14

Current End Date: 2012-11-30

Potential End Date: 2012-11-30 00:00:00

Last Modified: 2018-09-19

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