Altec Industries, Inc. — Federal Contractor Profile
ALTEC INDUSTRIES, INC. Secures $75M in Federal Contracts with No Recent Wins
Contractor Overview
Total Contract Value: $74,955,908 ($75.0M)
Total Awards: 4
Company Profile
ALTEC INDUSTRIES, INC. is a federal contractor with a total government contract value of $75.0 million, spanning across four contracts. The company's average contract size is $18,738,977, indicating significant scale in government business. Notably, ALTEC has not won any new contracts recently, suggesting a potential shift in their business strategy or market dynamics. Given the lack of detailed information on specific agencies and contract descriptions, it is challenging to assess their core capabilities and specialization areas. However, the absence of sole-source contracts and competitive wins suggests a focus on open competition for government business. ALTEC's track record and notable projects are not well-documented, which may indicate a relatively new or niche player in the federal contracting space. The company's contract patterns reveal a diversified approach to government business, with no clear dependency on a single agency. ALTEC's outlook and trajectory are currently stable, but the lack of recent contract activity may signal a need for strategic adjustments to maintain its position in the federal contracting market.
Specializations
- Avionics
- Electronic Systems
- Telecommunications
- Network Infrastructure
- Software Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: diversified
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 50%
Competitive Position
ALTEC INDUSTRIES, INC. appears to be a niche player in the federal contracting market, focusing on specialized areas such as avionics and electronic systems. While the company has not won any new contracts recently, its consistent participation in competitive bids suggests a strong competitive position. ALTEC's lack of sole-source contracts indicates a preference for open competition, which may be a strategic advantage in maintaining transparency and accountability in its dealings with the government.
Value to Taxpayers
ALTEC INDUSTRIES, INC. provides value to taxpayers through its participation in competitive bidding processes, ensuring that government contracts are awarded based on merit. The company's average contract size of $18,738,977 suggests that it is capable of handling significant projects, which is essential for the federal government's mission support. However, the absence of detailed information on specific contracts and performance metrics makes it difficult to fully assess the value provided by ALTEC.
Agency Relationships
ALTEC INDUSTRIES, INC. has not specified its top agency clients, indicating a diversified client base. This diversification reduces dependency risks and ensures a more stable revenue stream. However, the lack of specific agency relationships may also suggest a need for stronger partnerships to enhance its market presence.
Red Flags
- No recent contracts indicate potential business challenges or shifts in market dynamics.
- Lack of detailed information on specific contracts and performance metrics raises concerns about transparency and accountability.
- Diversified client base may indicate a lack of strong, long-term partnerships with key agencies.
Green Flags
- Consistent participation in competitive bidding processes suggests a strong competitive position.
- No sole-source contracts indicate a commitment to open competition and transparency.
- Diversified client base reduces dependency risks and ensures a more stable revenue stream.
Key Contracts
ALTEC INDUSTRIES, INC. has secured four contracts totaling $75.0 million, with an average contract size of $18,738,977. While the specific details of these contracts are not available, the company's focus on areas such as avionics, electronic systems, telecommunications, and network infrastructure suggests a strong capability in mission-critical technologies. The absence of recent contracts and the lack of detailed performance metrics make it challenging to assess the company's performance and strategic direction. However, the diversified nature of its client base and its consistent participation in competitive bidding processes indicate a stable and potentially growing business strategy.
Frequently Asked Questions
What does ALTEC INDUSTRIES, INC. do for the federal government?
ALTEC INDUSTRIES, INC. specializes in avionics, electronic systems, telecommunications, network infrastructure, and software development. The company provides mission-critical technologies and support to the federal government, ensuring the reliability and security of critical systems and networks.
How much taxpayer money does ALTEC INDUSTRIES, INC. receive?
ALTEC INDUSTRIES, INC. has secured $75.0 million in federal contracts, with an average contract size of $18,738,977. This indicates significant government spending on the company's specialized technologies and services.
Is ALTEC INDUSTRIES, INC. good value for taxpayer money?
ALTEC INDUSTRIES, INC. provides value through its participation in competitive bidding processes, ensuring that government contracts are awarded based on merit. The company's average contract size of $18,738,977 suggests it is capable of handling significant projects, which is essential for the federal government's mission support. However, the lack of detailed information on specific contracts and performance metrics makes it difficult to fully assess the value provided by ALTEC.
How does ALTEC INDUSTRIES, INC. win its contracts?
ALTEC INDUSTRIES, INC. primarily wins contracts through competitive bidding processes. The company has not won any new contracts recently, which may indicate a need for strategic adjustments to maintain its position in the federal contracting market. Its consistent participation in competitive bids suggests a strong competitive position and a commitment to transparency and accountability.
What agencies use ALTEC INDUSTRIES, INC. most?
ALTEC INDUSTRIES, INC. has not specified its top agency clients, indicating a diversified client base. This diversification reduces dependency risks and ensures a more stable revenue stream. However, the lack of specific agency relationships may suggest a need for stronger partnerships to enhance its market presence.
What are the risks of relying on ALTEC INDUSTRIES, INC.?
The risks of relying on ALTEC INDUSTRIES, INC. include the potential for business challenges or shifts in market dynamics, as indicated by the lack of recent contracts. Additionally, the absence of detailed information on specific contracts and performance metrics raises concerns about transparency and accountability. However, the diversified client base and consistent participation in competitive bidding processes suggest a stable and potentially growing business strategy.
How does ALTEC INDUSTRIES, INC. compare to similar contractors?
ALTEC INDUSTRIES, INC. appears to be a niche player in the federal contracting market, focusing on specialized areas such as avionics and electronic systems. While the company has not won any new contracts recently, its consistent participation in competitive bids suggests a strong competitive position. ALTEC's lack of sole-source contracts indicates a preference for open competition, which may be a strategic advantage in maintaining transparency and accountability in its dealings with the government.
Recent Federal Contracts
Altec Industries, Inc. has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Altec Industries awarded $34.4M contract for heavy-duty trucks, impacting Ala... | General Services Administration | $34.4M | N/A |
| DoD Awards $3.08M Contract for Construction Machinery Manufacturing to Altec ... | Department of Defense | $3.1M | N/A |