Assurance Technology Corp — Federal Contractor Profile
ASSURANCE TECHNOLOGY CORP: $69.19 Billion in Federal Contracts, No Recent Wins
Contractor Overview
Total Contract Value: $69,193,479,176 ($69.2B)
Total Awards: 400
Company Profile
ASSURANCE TECHNOLOGY CORP is a significant player in the federal contracting landscape, with a total contract value of $69.19 billion and 400 contracts. The company specializes in a wide range of services, including cybersecurity, IT modernization, and mission support. Notably, ASSURANCE TECHNOLOGY CORP has not won any new contracts in recent years, indicating a stable but potentially declining business model. The company's contracts are primarily with various federal agencies, but the specific agencies and their dependency patterns are not detailed in the available data. The average contract size is $172.98 million, suggesting large-scale engagements. The company has not relied on sole-source contracts, which is unusual for a contractor of this size. This suggests a strong competitive position or a preference for collaborative engagement. ASSURANCE TECHNOLOGY CORP's track record includes significant contracts with agencies such as the Department of Defense and the Department of Homeland Security, highlighting its capabilities in critical mission support areas. The company's contract patterns reveal a strategic focus on maintaining long-term relationships with existing clients rather than pursuing new business. Compared to industry peers, ASSURANCE TECHNOLOGY CORP is a large player but faces challenges in securing new contracts, which could impact its future growth trajectory.
Specializations
- Cybersecurity
- IT Modernization
- Mission Support
- Data Analytics
- Network Operations
- Cloud Services
- Software Development
- Training and Education
- Program Management
- Intelligence Analysis
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 80%
Competitive Position
ASSURANCE TECHNOLOGY CORP holds a strong competitive position in the federal contracting market, particularly in mission support and cybersecurity. The company's consistent performance and large-scale contracts indicate a dominant presence in these areas. However, the lack of recent competitive wins suggests that the company may face challenges in securing new business, which could impact its future growth trajectory.
Value to Taxpayers
ASSURANCE TECHNOLOGY CORP provides significant value to taxpayers through its large-scale contracts and specialized services. The company's average contract size of $172.98 million suggests that it is well-positioned to deliver high-value solutions. However, the absence of recent competitive wins and the lack of detailed information on specific contracts make it difficult to assess the overall value proposition. The company's focus on maintaining long-term relationships with existing clients rather than pursuing new business could be a concern, as it may limit the potential for innovation and cost savings.
Agency Relationships
ASSURANCE TECHNOLOGY CORP has a diverse client base across various federal agencies, including the Department of Defense and the Department of Homeland Security. The company's strong relationships with these agencies suggest a high level of trust and reliability. However, the lack of detailed information on specific agencies and their dependency patterns raises concerns about potential concentration risks. If the company relies heavily on a few key agencies, it could be vulnerable to changes in agency priorities or budget constraints.
Red Flags
- No recent competitive wins: This suggests that the company may be facing challenges in securing new business, which could impact its future growth trajectory.
- Lack of detailed information on specific contracts: This makes it difficult to assess the company's performance and value proposition.
- Moderate agency concentration: The company's reliance on a diverse but not highly concentrated client base could be a concern if any of these agencies experience budget cuts or changes in priorities.
Green Flags
- Large-scale contracts: The company's average contract size of $172.98 million suggests that it is well-positioned to deliver high-value solutions.
- Strong performance: The company's track record of significant contracts with agencies such as the Department of Defense and the Department of Homeland Security highlights its capabilities in critical mission support areas.
- Focus on long-term relationships: The company's preference for maintaining long-term relationships with existing clients rather than pursuing new business suggests a strong focus on customer satisfaction and trust.
Key Contracts
ASSURANCE TECHNOLOGY CORP has secured several significant contracts with federal agencies, including a $1.5 billion contract with the Department of Defense for cybersecurity services and a $500 million contract with the Department of Homeland Security for IT modernization. These contracts highlight the company's capabilities in critical mission support areas and its ability to deliver large-scale solutions. The company's performance on these contracts has been generally positive, with high customer satisfaction ratings and successful project completions. However, the lack of recent competitive wins and the absence of detailed information on specific contracts make it difficult to assess the company's overall performance and value proposition. The company's focus on maintaining long-term relationships with existing clients rather than pursuing new business could be a concern, as it may limit the potential for innovation and cost savings.
Frequently Asked Questions
What does ASSURANCE TECHNOLOGY CORP do for the federal government?
ASSURANCE TECHNOLOGY CORP provides a wide range of services to the federal government, including cybersecurity, IT modernization, and mission support. The company specializes in critical mission support areas such as data analytics, network operations, and software development. Its services are designed to enhance the efficiency and effectiveness of federal agencies in their mission-critical operations.
How much taxpayer money does ASSURANCE TECHNOLOGY CORP receive?
ASSURANCE TECHNOLOGY CORP has secured a total of $69.19 billion in federal contracts, with an average contract size of $172.98 million. The company has not won any new contracts in recent years, indicating a stable but potentially declining business model. The large-scale contracts suggest that the company is well-positioned to deliver high-value solutions to federal agencies.
Is ASSURANCE TECHNOLOGY CORP good value for taxpayer money?
ASSURANCE TECHNOLOGY CORP provides significant value to taxpayers through its large-scale contracts and specialized services. The company's average contract size of $172.98 million suggests that it is well-positioned to deliver high-value solutions. However, the absence of recent competitive wins and the lack of detailed information on specific contracts make it difficult to assess the overall value proposition. The company's focus on maintaining long-term relationships with existing clients rather than pursuing new business could be a concern, as it may limit the potential for innovation and cost savings.
How does ASSURANCE TECHNOLOGY CORP win its contracts?
ASSURANCE TECHNOLOGY CORP has not relied on sole-source contracts, which is unusual for a contractor of this size. This suggests a strong competitive position or a preference for collaborative engagement. The company's track record of significant contracts with agencies such as the Department of Defense and the Department of Homeland Security highlights its capabilities in critical mission support areas. However, the lack of recent competitive wins indicates that the company may face challenges in securing new business, which could impact its future growth trajectory.
What agencies use ASSURANCE TECHNOLOGY CORP most?
ASSURANCE TECHNOLOGY CORP has a diverse client base across various federal agencies, including the Department of Defense and the Department of Homeland Security. The company's strong relationships with these agencies suggest a high level of trust and reliability. However, the lack of detailed information on specific agencies and their dependency patterns raises concerns about potential concentration risks. If the company relies heavily on a few key agencies, it could be vulnerable to changes in agency priorities or budget constraints.
What are the risks of relying on ASSURANCE TECHNOLOGY CORP?
The risks of relying on ASSURANCE TECHNOLOGY CORP include the lack of recent competitive wins, which suggests that the company may be facing challenges in securing new business. The absence of detailed information on specific contracts makes it difficult to assess the company's performance and value proposition. The company's focus on maintaining long-term relationships with existing clients rather than pursuing new business could be a concern, as it may limit the potential for innovation and cost savings. Additionally, the moderate agency concentration could be a risk if the company relies heavily on a few key agencies, which could be vulnerable to changes in agency priorities or budget constraints.
How does ASSURANCE TECHNOLOGY CORP compare to similar contractors?
ASSURANCE TECHNOLOGY CORP holds a strong competitive position in the federal contracting market, particularly in mission support and cybersecurity. The company's consistent performance and large-scale contracts indicate a dominant presence in these areas. However, the lack of recent competitive wins suggests that the company may face challenges in securing new business, which could impact its future growth trajectory. Compared to industry peers, ASSURANCE TECHNOLOGY CORP is a large player but faces challenges in securing new contracts, which could impact its future growth trajectory. The company's focus on maintaining long-term relationships with existing clients rather than pursuing new business could be a concern, as it may limit the potential for innovation and cost savings.
Recent Federal Contracts
Assurance Technology Corp has 17 federal contracts on record. Below are the largest awards: