NASA awards $2.87B to Lockheed Martin for External Tank Production and O&M, a sole-source contract

Contract Overview

Contract Amount: $2,870,112,487 ($2.9B)

Contractor: Lockheed Martin Corp

Awarding Agency: National Aeronautics and Space Administration

Start Date: 2000-10-27

End Date: 2013-02-28

Contract Duration: 4,507 days

Daily Burn Rate: $636.8K/day

Competition Type: NOT COMPETED

Number of Offers Received: 1

Pricing Type: COST PLUS INCENTIVE FEE

Sector: R&D

Official Description: PRODUCTION AND O&M FOR 35 EXTERNAL TANKS

Place of Performance

Location: NEW ORLEANS, ORLEANS County, LOUISIANA, 70129

State: Louisiana Government Spending

Plain-Language Summary

National Aeronautics and Space Administration obligated $2.87 billion to LOCKHEED MARTIN CORP for work described as: PRODUCTION AND O&M FOR 35 EXTERNAL TANKS Key points: 1. High value contract awarded to a single vendor. 2. Sole-source award limits competitive pricing. 3. Cost-plus incentive fee structure may incentivize cost control. 4. Long duration suggests significant program commitment.

Value Assessment

Rating: questionable

The contract's cost-plus incentive fee structure, while offering potential for cost savings, can lead to higher overall costs compared to fixed-price contracts. Benchmarking is difficult without detailed cost breakdowns.

Cost Per Unit: N/A

Competition Analysis

Competition Level: sole-source

This contract was not competed, meaning NASA did not solicit bids from multiple vendors. This lack of competition can reduce price discovery and potentially lead to higher costs for taxpayers.

Taxpayer Impact: The absence of competition in this large contract raises concerns about whether the government achieved the best possible price.

Public Impact

Supports critical space exploration missions. Ensures continued operation of vital space hardware. Impacts the aerospace manufacturing sector and associated jobs.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

  • Sole-source award
  • Cost-plus contract type
  • Lack of competition

Positive Signals

  • Long-term commitment to a critical program
  • Potential for cost savings via incentive fee

Sector Analysis

This contract falls within the Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing sector. Spending in this sector is highly specialized and often involves complex, high-risk R&D and production for government programs.

Small Business Impact

The data indicates this contract was awarded to Lockheed Martin Corp, a large prime contractor. There is no direct information on small business participation within this specific award, but large sole-source contracts often have limited direct subcontracting opportunities for small businesses.

Oversight & Accountability

The contract's long duration and sole-source nature warrant close oversight to ensure cost efficiency and performance. NASA's internal oversight mechanisms and potential reviews by government accountability offices are crucial.

Related Government Programs

  • Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing
  • National Aeronautics and Space Administration Contracting
  • National Aeronautics and Space Administration Programs

Risk Flags

  • Lack of competition
  • Potential for cost overruns
  • Limited transparency in pricing
  • High contract value

Tags

guided-missile-and-space-vehicle-propuls, national-aeronautics-and-space-administr, la, definitive-contract, billion-dollar

Frequently Asked Questions

What is this federal contract paying for?

National Aeronautics and Space Administration awarded $2.87 billion to LOCKHEED MARTIN CORP. PRODUCTION AND O&M FOR 35 EXTERNAL TANKS

Who is the contractor on this award?

The obligated recipient is LOCKHEED MARTIN CORP.

Which agency awarded this contract?

Awarding agency: National Aeronautics and Space Administration (National Aeronautics and Space Administration).

What is the total obligated amount?

The obligated amount is $2.87 billion.

What is the period of performance?

Start: 2000-10-27. End: 2013-02-28.

What was the justification for the sole-source award, and were alternative competitive strategies considered?

The justification for a sole-source award typically involves unique capabilities, critical national security needs, or a lack of viable alternatives. Without specific documentation, it's difficult to assess if alternative competitive strategies were thoroughly explored. NASA would need to provide evidence of market research and a compelling reason for not competing the requirement to ensure taxpayer value.

How effectively did the cost-plus incentive fee structure manage costs and incentivize performance compared to other contract types?

Cost-plus incentive fee contracts aim to balance cost control with contractor performance by establishing target costs and sharing mechanisms for cost savings or overruns. The effectiveness hinges on the realism of the target cost and the fairness of the incentive structure. A detailed post-award review would be needed to assess if this structure truly optimized spending and encouraged efficiency for this specific contract.

What is the long-term strategic value and cost-effectiveness of continuing this sole-source production and O&M for external tanks?

The long-term value depends on NASA's ongoing mission requirements and the strategic importance of the external tanks. Cost-effectiveness is questionable due to the sole-source nature. Future procurements should explore competitive options if feasible to ensure better pricing and foster innovation within the supply chain, unless unique circumstances permanently preclude competition.

Industry Classification

NAICS: ManufacturingAerospace Product and Parts ManufacturingGuided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing

Product/Service Code: SPACE VEHICLES

Competition & Pricing

Extent Competed: NOT COMPETED

Offers Received: 1

Pricing Type: COST PLUS INCENTIVE FEE (V)

Contractor Details

Address: 13800 OLD GENTILLY ROAD MS 2300, NEW ORLEANS, LA, 70129

Business Categories: Category Business, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $2,922,489,906

Exercised Options: $2,922,489,906

Current Obligation: $2,870,112,487

Contract Characteristics

Multi-Year Contract: Yes

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Timeline

Start Date: 2000-10-27

Current End Date: 2013-02-28

Potential End Date: 2013-02-28 00:00:00

Last Modified: 2026-03-04

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