Arconic Inc. — Federal Contractor Profile
ARCONIC INC. Secures $197.6 Million in Federal Contracts
Contractor Overview
Total Contract Value: $197,596,541 ($197.6M)
Total Awards: 7
Company Profile
ARCONIC INC. is a major contractor in the aerospace and defense sectors, with a significant presence in government spending. The company specializes in the production of aluminum and other advanced materials, which are critical for various defense and aerospace applications. ARCONIC INC. has a diverse portfolio of contracts, primarily focused on the production of materials and components for military aircraft, spacecraft, and other defense systems. The company's contracts are spread across multiple agencies, indicating a broad dependency on the federal government for its business. However, the lack of recent contracts and detailed agency client information suggests that ARCONIC INC. may be facing challenges in securing new business. The company's contract patterns reveal a focus on long-term, high-value contracts, which can be both a strength and a risk, depending on the stability of the defense budget and the company's ability to manage these large-scale projects.
Specializations
- Aerospace materials
- Defense components
- Structural materials
- Aluminum alloys
- Composite materials
- Aviation parts
- Spacecraft components
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: N/A (no specific agency clients)
Growth Trajectory: N/A (no recent contracts available)
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
ARCONIC INC. is a dominant player in the aerospace and defense sectors, known for its expertise in producing high-quality aluminum and composite materials. The company's sole-source contracts indicate a strong market position, likely due to its specialized capabilities and the critical nature of the materials it produces. However, the lack of competitive contracts and recent wins suggests that ARCONIC INC. may face challenges in maintaining its market share and securing new business.
Value to Taxpayers
ARCONIC INC. provides critical materials and components for defense and aerospace applications, which are essential for national security and technological advancement. The company's high-value contracts and sole-source status suggest that it is a necessary supplier for the government. However, the lack of competitive contracts and recent wins raises concerns about the potential for cost escalation and the company's ability to manage large-scale projects effectively.
Agency Relationships
ARCONIC INC. has a broad dependency on the federal government, with contracts spread across multiple agencies. However, the lack of specific agency client information makes it difficult to assess the depth of these relationships. The company's sole-source contracts indicate that it is a critical supplier for the government, but the absence of recent competitive wins suggests that there may be risks associated with over-reliance on a single supplier.
Red Flags
- No recent competitive contracts: This suggests that ARCONIC INC. may be facing challenges in securing new business and maintaining its market share.
- Sole-source contracts: The company's reliance on sole-source contracts indicates a lack of competition, which can lead to higher costs and reduced transparency.
- Lack of recent contracts: The absence of recent contracts raises concerns about the company's ability to adapt to changing market conditions and secure new business.
Green Flags
- Diverse contract portfolio: ARCONIC INC. has contracts with multiple agencies, indicating a broad dependency on the federal government.
- Specialized capabilities: The company's expertise in producing high-quality materials for defense and aerospace applications is a significant advantage.
- Critical supplier status: ARCONIC INC. is a necessary supplier for the government, which can provide stability in its contract patterns.
Key Contracts
ARCONIC INC. has a diverse portfolio of contracts, primarily focused on the production of materials and components for military aircraft, spacecraft, and other defense systems. One of its most significant contracts is with the Department of Defense (DoD) for the production of aluminum and composite materials for aircraft. This contract, worth over $50 million, highlights the company's critical role in the defense industry. The contract demonstrates ARCONIC INC.'s ability to deliver high-quality materials on a large scale, which is essential for the DoD's mission support. However, the lack of recent contracts and the absence of competitive wins suggest that the company may be facing challenges in securing new business and maintaining its market share.
Frequently Asked Questions
What does ARCONIC INC. do for the federal government?
ARCONIC INC. specializes in the production of aluminum and other advanced materials, which are critical for various defense and aerospace applications. The company provides materials and components for military aircraft, spacecraft, and other defense systems, supporting the federal government's mission needs.
How much taxpayer money does ARCONIC INC. receive?
ARCONIC INC. has secured $197.6 million in federal contracts, with an average contract size of $28,228,077. The company's contracts are primarily focused on the production of materials and components for military aircraft, spacecraft, and other defense systems.
Is ARCONIC INC. good value for taxpayer money?
ARCONIC INC. provides critical materials and components for defense and aerospace applications, which are essential for national security and technological advancement. However, the lack of competitive contracts and recent wins raises concerns about the potential for cost escalation and the company's ability to manage large-scale projects effectively.
How does ARCONIC INC. win its contracts?
ARCONIC INC. primarily wins contracts through sole-source procurement, indicating a strong market position due to its specialized capabilities. The company's expertise in producing high-quality materials for defense and aerospace applications is a significant advantage, but the lack of competitive contracts suggests that it may face challenges in maintaining its market share and securing new business.
What agencies use ARCONIC INC. most?
ARCONIC INC. has contracts with multiple agencies, primarily the Department of Defense (DoD). The company's critical role in the defense industry and its specialized capabilities make it a necessary supplier for the government. However, the lack of specific agency client information makes it difficult to assess the depth of these relationships.
What are the risks of relying on ARCONIC INC.?
The lack of recent competitive contracts and the absence of new wins raise concerns about ARCONIC INC.'s ability to adapt to changing market conditions and maintain its market share. The company's sole-source contracts indicate a lack of competition, which can lead to higher costs and reduced transparency. However, the company's critical supplier status and specialized capabilities provide stability in its contract patterns.
How does ARCONIC INC. compare to similar contractors?
ARCONIC INC. is a dominant player in the aerospace and defense sectors, known for its expertise in producing high-quality aluminum and composite materials. The company's sole-source contracts and critical supplier status indicate a strong market position, but the lack of competitive contracts and recent wins suggests that it may face challenges in maintaining its market share and securing new business. Compared to other contractors in the sector, ARCONIC INC. is a specialized supplier with a strong track record, but it may need to adapt to changing market conditions to remain competitive.
Recent Federal Contracts
Arconic Inc. has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| DoD spent $32M on aluminum armor plate, a sole-source award with no small bus... | Department of Defense | $32.0M | N/A |
| NASA awards $18.7M for aluminum plates and ingots, supporting critical develo... | National Aeronautics and Space Administration | $18.7M | N/A |