DoD's $24.4M TACTICAL BOOST GLIDE (TBG) contract awarded to Lockheed Martin for R&D
Contract Overview
Contract Amount: $24,390,645 ($24.4M)
Contractor: Lockheed Martin Corporation
Awarding Agency: Department of Defense
Start Date: 2014-09-23
End Date: 2016-09-30
Contract Duration: 738 days
Daily Burn Rate: $33.0K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: COST PLUS FIXED FEE
Sector: R&D
Official Description: TACTICAL BOOST GLIDE (TBG)
Place of Performance
Location: PALMDALE, LOS ANGELES County, CALIFORNIA, 93599
Plain-Language Summary
Department of Defense obligated $24.4 million to LOCKHEED MARTIN CORPORATION for work described as: TACTICAL BOOST GLIDE (TBG) Key points: 1. Contract Value: $24.4 million over 2 years. 2. Competition: Full and open competition. 3. Risk: Cost-plus fixed-fee contract type can lead to cost overruns. 4. Sector: Research and Development in Physical, Engineering, and Life Sciences.
Value Assessment
Rating: fair
The contract is a Cost Plus Fixed Fee (CPFF) type, which offers less price certainty than fixed-price contracts. Benchmarking against similar R&D contracts is difficult without more specific cost breakdowns.
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 CPFF structure may not incentivize the most cost-effective solutions.
Taxpayer Impact: Taxpayer funds are used for R&D, with potential for cost overruns due to the contract type. The ultimate value depends on the success of the research.
Public Impact
Development of advanced tactical technology. Potential for future defense system enhancements. Investment in scientific and engineering innovation.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost Plus Fixed Fee contract type
- Research and Development focus
Positive Signals
- Full and open competition
- Definitive contract award
Sector Analysis
This contract falls within the Research and Development sector, specifically focusing on physical, engineering, and life sciences. Spending in this area is crucial for technological advancement but can be subject to cost uncertainties.
Small Business Impact
The contract was awarded to Lockheed Martin Corporation, a large prime contractor. There is no indication of small business participation in the provided data.
Oversight & Accountability
The contract was managed by the Defense Contract Management Agency (DCMA), indicating oversight. However, the CPFF structure requires diligent monitoring to control costs.
Related Government Programs
- Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
- Department of Defense Contracting
- Defense Contract Management Agency Programs
Risk Flags
- Cost Plus Fixed Fee contract type
- Potential for cost overruns
- Lack of specific performance metrics in provided data
- Research and Development is inherently uncertain
Tags
research-and-development-in-the-physical, department-of-defense, ca, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $24.4 million to LOCKHEED MARTIN CORPORATION. TACTICAL BOOST GLIDE (TBG)
Who is the contractor on this award?
The obligated recipient is LOCKHEED MARTIN CORPORATION.
Which agency awarded this contract?
Awarding agency: Department of Defense (Defense Contract Management Agency).
What is the total obligated amount?
The obligated amount is $24.4 million.
What is the period of performance?
Start: 2014-09-23. End: 2016-09-30.
What specific technological advancements are expected from the TACTICAL BOOST GLIDE (TBG) project, and how do they align with current defense needs?
The TACTICAL BOOST GLIDE (TBG) project likely aims to develop or enhance systems related to tactical maneuverability and flight capabilities. Specific advancements would depend on the project's detailed scope, but could include improved propulsion, aerodynamic control, or payload integration for tactical platforms. Alignment with defense needs would be assessed based on how these advancements address current operational challenges or provide a strategic advantage.
Given the CPFF contract type, what measures are in place to mitigate the risk of cost overruns and ensure efficient use of taxpayer funds?
Mitigation of cost overruns in CPFF contracts typically involves robust oversight from the contracting agency (DCMA in this case), including detailed cost tracking, performance reviews, and adherence to established budgets. Milestones and deliverables are crucial for monitoring progress and controlling expenditures. The fixed fee component provides some incentive for the contractor to manage costs effectively to maximize profit.
How will the success of the TACTICAL BOOST GLIDE (TBG) research and development be measured, and what is the potential return on investment for the Department of Defense?
Success will likely be measured against predefined technical performance metrics and milestones outlined in the contract. This could include achieving specific performance targets for glide, speed, maneuverability, or payload integration. The return on investment is measured by the potential for the developed technology to enhance warfighter capabilities, improve operational effectiveness, or provide a technological edge, ultimately contributing to national security.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Scientific Research and Development Services › Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
Product/Service Code: RESEARCH AND DEVELOPMENT › DEFENSE (OTHER) R&D
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: BASIC RESEARCH
Offers Received: 3
Pricing Type: COST PLUS FIXED FEE (U)
Evaluated Preference: NONE
Contractor Details
Parent Company: Lockheed Martin Corp (UEI: 834951691)
Address: 1011 LOCKHEED WAY, PALMDALE, CA, 93599
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $24,390,645
Exercised Options: $24,390,645
Current Obligation: $24,390,645
Subaward Activity
Number of Subawards: 11
Total Subaward Amount: $1,541,479
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2014-09-23
Current End Date: 2016-09-30
Potential End Date: 2016-09-30 00:00:00
Last Modified: 2017-11-13
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