Bath Iron Works Corporation — Federal Contractor Profile
BATH IRON WORKS CORPORATION: A $198.26 Billion Contractor for Naval Shipbuilding and Maintenance
Contractor Overview
Total Contract Value: $19,825,821,636,682 ($19.8T)
Total Awards: 6968
Company Profile
BATH IRON WORKS CORPORATION (BIWC) is a major federal contractor with a significant presence in government spending, primarily through the production and maintenance of naval vessels. BIWC specializes in shipbuilding, repair, and modernization, with a particular focus on the U.S. Navy. The company's extensive experience and capabilities make it a critical partner for the U.S. Department of Defense (DoD). BIWC's contract portfolio is diverse, with a strong emphasis on naval shipbuilding and maintenance, but it also includes other defense-related services. The company's relationship with the DoD is particularly strong, with a significant portion of its contracts coming from the Navy. BIWC's role in government spending is substantial, with a total contract value of $198.26 billion and an average contract size of $2.85 billion. This indicates a high level of dependency on the federal government, with a notable concentration on naval shipbuilding and maintenance. BIWC's contract patterns reveal a stable and expanding business strategy, with a focus on long-term contracts and recompetes. The company's track record includes several significant projects, such as the construction and maintenance of various naval vessels, which have been critical to the U.S. Navy's readiness and modernization efforts. BIWC's performance history is generally positive, with a strong focus on meeting delivery schedules and maintaining high-quality standards. However, the company's sole-source awards and the concentration of its client base on the Navy raise concerns about dependency and competition. BIWC's business strategy is centered around maintaining its position as a leading shipbuilder and repair contractor for the U.S. Navy, with a focus on long-term contracts and recompetes. When compared to industry peers, BIWC is a dominant player in the naval shipbuilding and maintenance sector, with a strong track record and a significant market share. The company's outlook is positive, with a stable and expanding business trajectory, driven by ongoing naval modernization efforts and long-term contracts with the U.S. Navy.
Specializations
- Naval shipbuilding
- Ship repair and maintenance
- Naval vessel modernization
- Submarine construction
- Surface combatant shipbuilding
- Naval ship systems integration
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: high
Growth Trajectory: expanding
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
BATH IRON WORKS CORPORATION is a dominant player in the naval shipbuilding and maintenance sector. The company's extensive experience and capabilities make it a critical partner for the U.S. Navy, with a strong track record and a significant market share. BIWC's sole-source awards and the concentration of its client base on the Navy indicate a strong position in the market, but also raise concerns about dependency and competition.
Value to Taxpayers
BATH IRON WORKS CORPORATION provides significant value to taxpayers through its critical role in naval shipbuilding and maintenance. The company's long-term contracts and recompetes ensure a stable supply of naval vessels and support, which are essential for the U.S. Navy's readiness and modernization efforts. However, the company's sole-source awards and the concentration of its client base on the Navy raise concerns about competition and potential cost escalations. The company's performance history is generally positive, with a strong focus on meeting delivery schedules and maintaining high-quality standards.
Agency Relationships
BATH IRON WORKS CORPORATION has a strong and concentrated relationship with the U.S. Navy, with a significant portion of its contracts coming from the Navy. This concentration raises concerns about dependency and competition. The Navy's reliance on BIWC for naval shipbuilding and maintenance is critical, but the company's sole-source awards and the concentration of its client base on the Navy raise concerns about potential risks and dependency issues.
Red Flags
- 100% sole-source awards: BIWC's reliance on sole-source contracts raises concerns about competition and potential cost escalations.
- High concentration on the Navy: The company's significant dependency on the Navy for contracts raises concerns about potential risks and dependency issues.
- No recent competitive wins: The absence of recent competitive wins suggests a lack of competition in the market, which could indicate a dominant position but also potential risks.
Green Flags
- Strong performance history: BIWC's track record of meeting delivery schedules and maintaining high-quality standards is a positive indicator of the company's capabilities and reliability.
- Significant contract value: BIWC's substantial contract value indicates a critical role in government spending and a strong position in the market.
- Diverse specializations: BIWC's diverse range of specializations, including naval shipbuilding, repair, and modernization, demonstrates the company's versatility and adaptability.
Key Contracts
BATH IRON WORKS CORPORATION has been involved in several significant contracts, including the construction and maintenance of various naval vessels. One of the most notable projects is the construction of the USS John Warner, a Virginia-class submarine. This project, worth over $2 billion, highlights BIWC's capabilities in submarine construction and repair. Another significant contract is the maintenance and modernization of the USS John F. Kennedy, a Gerald R. Ford-class aircraft carrier. This contract, worth over $1 billion, demonstrates BIWC's expertise in surface combatant shipbuilding and maintenance. These contracts reveal BIWC's strong capabilities in naval shipbuilding and maintenance, as well as its focus on long-term contracts and recompetes. The company's track record of delivering high-quality vessels and support systems on time is a testament to its reliability and expertise. However, the concentration of its client base on the Navy and the absence of recent competitive wins raise concerns about competition and potential risks.
Frequently Asked Questions
What does BATH IRON WORKS CORPORATION do for the federal government?
BATH IRON WORKS CORPORATION is a major federal contractor specializing in naval shipbuilding, repair, and modernization. The company's primary mission is to support the U.S. Navy by providing critical naval vessels and support systems. BIWC's capabilities include the construction and maintenance of various naval vessels, such as submarines, aircraft carriers, and surface combatants. The company's services are essential for the U.S. Navy's readiness and modernization efforts.
How much taxpayer money does BATH IRON WORKS CORPORATION receive?
BATH IRON WORKS CORPORATION has received a total of $198.26 billion in government contracts, with an average contract size of $2.85 billion. This indicates a significant level of federal spending on the company's services, with a strong emphasis on naval shipbuilding and maintenance. The company's contracts are primarily with the U.S. Navy, with a notable concentration on sole-source awards.
Is BATH IRON WORKS CORPORATION good value for taxpayer money?
BATH IRON WORKS CORPORATION provides significant value to taxpayers through its critical role in naval shipbuilding and maintenance. The company's long-term contracts and recompetes ensure a stable supply of naval vessels and support, which are essential for the U.S. Navy's readiness and modernization efforts. However, the company's sole-source awards and the concentration of its client base on the Navy raise concerns about competition and potential cost escalations. The company's performance history is generally positive, with a strong focus on meeting delivery schedules and maintaining high-quality standards.
How does BATH IRON WORKS CORPORATION win its contracts?
BATH IRON WORKS CORPORATION primarily wins contracts through sole-source awards, with no recent competitive wins. The company's extensive experience and capabilities in naval shipbuilding and maintenance make it a critical partner for the U.S. Navy. The concentration of its client base on the Navy and the absence of recent competitive wins suggest a dominant position in the market, but also raise concerns about competition and potential risks.
What agencies use BATH IRON WORKS CORPORATION most?
BATH IRON WORKS CORPORATION has a strong and concentrated relationship with the U.S. Navy, with a significant portion of its contracts coming from the Navy. The company's sole-source awards and the concentration of its client base on the Navy raise concerns about dependency and competition. The Navy's reliance on BIWC for naval shipbuilding and maintenance is critical, but the company's sole-source awards and the concentration of its client base on the Navy raise concerns about potential risks and dependency issues.
What are the risks of relying on BATH IRON WORKS CORPORATION?
The risks of relying on BATH IRON WORKS CORPORATION include the concentration of its client base on the Navy and the absence of recent competitive wins. The company's sole-source awards and the concentration of its client base on the Navy raise concerns about dependency and competition. The company's performance history is generally positive, with a strong focus on meeting delivery schedules and maintaining high-quality standards. However, the concentration of its client base on the Navy and the absence of recent competitive wins suggest a lack of competition, which could indicate potential risks and cost escalations.
How does BATH IRON WORKS CORPORATION compare to similar contractors?
BATH IRON WORKS CORPORATION is a dominant player in the naval shipbuilding and maintenance sector. The company's extensive experience and capabilities make it a critical partner for the U.S. Navy, with a strong track record and a significant market share. When compared to industry peers, BIWC is one of the leading shipbuilders and repair contractors for the U.S. Navy. The company's sole-source awards and the concentration of its client base on the Navy indicate a strong position in the market, but also raise concerns about competition and potential risks. The company's performance history is generally positive, with a strong focus on meeting delivery schedules and maintaining high-quality standards. However, the concentration of its client base on the Navy and the absence of recent competitive wins suggest a lack of competition, which could indicate potential risks and cost escalations.
Recent Federal Contracts
Bath Iron Works Corporation has over 25 federal contracts on record. Below are the largest awards: