DoD's $26.5M Aircraft Engine Parts Contract Awarded to General Electric Company

Contract Overview

Contract Amount: $26,518,930 ($26.5M)

Contractor: General Electric Company

Awarding Agency: Department of Defense

Start Date: 2018-09-26

End Date: 2021-03-31

Contract Duration: 917 days

Daily Burn Rate: $28.9K/day

Competition Type: NOT COMPETED

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Defense

Official Description: IGF::OT::IGF A-18 KITS

Place of Performance

Location: CINCINNATI, HAMILTON County, OHIO, 45215

State: Ohio Government Spending

Plain-Language Summary

Department of Defense obligated $26.5 million to GENERAL ELECTRIC COMPANY for work described as: IGF::OT::IGF A-18 KITS Key points: 1. Significant contract value for aircraft engine parts. 2. Sole awardee, General Electric Company, suggests potential lack of competition. 3. Risk of overpayment due to limited competition. 4. Sector is Aircraft Engine and Engine Parts Manufacturing.

Value Assessment

Rating: questionable

The contract value of $26.5M for aircraft engine parts is substantial. Without competitive bidding, it's difficult to assess if this price is optimal compared to market rates or other potential suppliers.

Cost Per Unit: N/A

Competition Analysis

Competition Level: sole-source

This contract was awarded as a sole-source delivery order, indicating no competition was sought. This limits price discovery and potentially leads to higher costs for the government.

Taxpayer Impact: The lack of competition raises concerns about taxpayer value, as the government may not have secured the best possible price for these critical aircraft engine parts.

Public Impact

Ensures continued supply of essential aircraft engine parts for the Navy. Potential for higher costs impacts overall defense budget allocation. Highlights reliance on a single supplier for critical components.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

  • Sole-source award
  • Lack of competition
  • Potential for inflated pricing
  • Long contract duration

Positive Signals

  • Ensures critical part availability
  • Established supplier relationship

Sector Analysis

The Aircraft Engine and Engine Parts Manufacturing sector is highly specialized and often dominated by a few key players. Contracts in this area are critical for national defense readiness.

Small Business Impact

This contract was awarded to General Electric Company, a large business. There is no indication that small businesses were involved in the subcontracting or bidding process.

Oversight & Accountability

The sole-source nature of this award warrants scrutiny to ensure fair pricing and prevent potential waste, fraud, or abuse. Further review of the justification for sole-sourcing is recommended.

Related Government Programs

  • Aircraft Engine and Engine Parts Manufacturing
  • Department of Defense Contracting
  • Department of the Navy Programs

Risk Flags

  • Sole-source award
  • Lack of competitive bidding
  • Potential for price gouging
  • Limited transparency in pricing
  • No small business participation noted

Tags

aircraft-engine-and-engine-parts-manufac, department-of-defense, oh, delivery-order, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $26.5 million to GENERAL ELECTRIC COMPANY. IGF::OT::IGF A-18 KITS

Who is the contractor on this award?

The obligated recipient is GENERAL ELECTRIC COMPANY.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $26.5 million.

What is the period of performance?

Start: 2018-09-26. End: 2021-03-31.

What was the justification for awarding this contract on a sole-source basis?

The justification for a sole-source award typically involves factors such as unique capabilities, proprietary technology, or urgent and compelling needs where only one source can reasonably fulfill the requirement. Without specific documentation, it's impossible to confirm the exact reason, but it's a critical piece of information for assessing value.

What is the risk associated with a sole-source contract for critical aircraft parts?

The primary risk is paying a premium due to the absence of competitive pressure. This can lead to inefficient use of taxpayer funds. Additionally, over-reliance on a single supplier can create vulnerabilities in the supply chain, especially during times of high demand or geopolitical instability.

How does this contract contribute to the effectiveness of naval aviation operations?

This contract ensures the availability of essential engine parts, which is crucial for maintaining the operational readiness of naval aircraft. Consistent access to these parts directly supports flight schedules, training, and mission execution, thereby underpinning the effectiveness of naval aviation capabilities.

Industry Classification

NAICS: ManufacturingAerospace Product and Parts ManufacturingAircraft Engine and Engine Parts Manufacturing

Product/Service Code: AEROSPACE CRAFT COMPONENTS AND ACCESSORIES

Competition & Pricing

Extent Competed: NOT COMPETED

Solicitation Procedures: ONLY ONE SOURCE

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1 NEUMANN WAY, CINCINNATI, OH, 45215

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

Financial Breakdown

Contract Ceiling: $26,518,930

Exercised Options: $26,518,930

Current Obligation: $26,518,930

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: YES

Parent Contract

Parent Award PIID: FA812214G0001

IDV Type: BOA

Timeline

Start Date: 2018-09-26

Current End Date: 2021-03-31

Potential End Date: 2021-03-31 00:00:00

Last Modified: 2019-01-02

More Contracts from General Electric Company

View all General Electric Company federal contracts →

Other Department of Defense Contracts

View all Department of Defense contracts →

Explore Related Government Spending