DoD Awards Lockheed Martin $171M for Engineering and Technical Services, Ending Jan 2027

Contract Overview

Contract Amount: $17,126,845 ($17.1M)

Contractor: Lockheed Martin Corporation

Awarding Agency: Department of Defense

Start Date: 2025-01-27

End Date: 2027-01-26

Contract Duration: 729 days

Daily Burn Rate: $23.5K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: COST PLUS FIXED FEE

Sector: Defense

Official Description: ENGINEERING AND TECHNICAL SERVICES

Place of Performance

Location: MANASSAS, PRINCE WILLIAM County, VIRGINIA, 20110

State: Virginia Government Spending

Plain-Language Summary

Department of Defense obligated $17.1 million to LOCKHEED MARTIN CORPORATION for work described as: ENGINEERING AND TECHNICAL SERVICES Key points: 1. Significant contract value of $171.27 million awarded. 2. Lockheed Martin Corporation is the sole awardee. 3. Contract falls under the Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing NAICS code. 4. High value suggests critical, specialized services are required.

Value Assessment

Rating: good

The contract type is Cost Plus Fixed Fee, which can lead to higher costs if not managed carefully. However, the fixed fee component provides some cost control. Benchmarking against similar large-scale engineering service contracts is recommended.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and potentially better value for the government.

Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for essential engineering and technical services.

Public Impact

Supports critical defense systems for the Department of the Navy. Ensures continued operation and advancement of navigation and guidance systems. Impacts the aerospace and defense technology sector through a major award.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

  • Cost Plus Fixed Fee contract type requires diligent oversight to manage costs.
  • Sole awardee to Lockheed Martin may warrant review of competition effectiveness.

Positive Signals

  • Awarded under full and open competition.
  • Long-term contract duration (729 days) provides stability for critical services.

Sector Analysis

This contract falls within the broader aerospace and defense sector, specifically focusing on advanced system manufacturing and support. Spending benchmarks for similar engineering services contracts are typically in the millions to billions, depending on scope.

Small Business Impact

The data indicates this is a large contract awarded to a major corporation, Lockheed Martin. There is no explicit mention of small business participation, which should be assessed to ensure opportunities are provided where feasible.

Oversight & Accountability

The Department of Defense's oversight mechanisms will be crucial in managing the Cost Plus Fixed Fee structure and ensuring the contractor meets all performance requirements within the specified budget and timeline.

Related Government Programs

  • Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
  • Department of Defense Contracting
  • Department of the Navy Programs

Risk Flags

  • Cost Plus Fixed Fee contract type.
  • Potential for cost overruns if not managed diligently.
  • Lack of explicit small business participation noted.
  • Sole awardee to a large corporation.

Tags

search-detection-navigation-guidance-aer, department-of-defense, va, delivery-order, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $17.1 million to LOCKHEED MARTIN CORPORATION. ENGINEERING AND TECHNICAL SERVICES

Who is the contractor on this award?

The obligated recipient is LOCKHEED MARTIN CORPORATION.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $17.1 million.

What is the period of performance?

Start: 2025-01-27. End: 2027-01-26.

What specific engineering and technical services are included in this $171 million contract, and how do they align with current and future Department of the Navy operational needs?

The contract covers services related to Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing. These services are vital for maintaining and advancing the operational capabilities of naval platforms, ensuring readiness and technological superiority in critical areas like maritime surveillance, target acquisition, and flight control systems.

Given the Cost Plus Fixed Fee structure, what are the primary cost drivers, and what oversight mechanisms are in place to mitigate potential cost overruns?

Primary cost drivers likely include labor (highly skilled engineers and technicians), materials, and specialized equipment. Oversight mechanisms typically involve detailed cost reporting, regular performance reviews, audits, and adherence to established fee structures. The fixed fee component provides a baseline incentive for efficiency.

How will the performance of Lockheed Martin on this contract be measured to ensure effective delivery of critical navigation and guidance system support?

Performance will be measured against specific contract requirements, including technical specifications, delivery schedules, quality standards, and cost control. Key performance indicators (KPIs) will likely be established, with regular progress reports and potential for award fees or penalties based on achieved outcomes.

Industry Classification

NAICS: ManufacturingNavigational, Measuring, Electromedical, and Control Instruments ManufacturingSearch, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing

Product/Service Code: FIRE CONTROL EQPT.

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: N0002423R5202

Pricing Type: COST PLUS FIXED FEE (U)

Evaluated Preference: NONE

Contractor Details

Parent Company: Lockheed Martin Corp

Address: 9500 GODWIN DR, MANASSAS, VA, 20110

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $17,126,845

Exercised Options: $17,126,845

Current Obligation: $17,126,845

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: YES

Parent Contract

Parent Award PIID: N0002425D5202

IDV Type: IDC

Timeline

Start Date: 2025-01-27

Current End Date: 2027-01-26

Potential End Date: 2027-01-26 00:00:00

Last Modified: 2025-09-09

More Contracts from Lockheed Martin Corporation

View all Lockheed Martin Corporation federal contracts →

Other Department of Defense Contracts

View all Department of Defense contracts →

Explore Related Government Spending