Illinois Tool Works Inc — Federal Contractor Profile
Illinois Tool Works Inc. Secures $309,487.86 in Federal Contracts
Contractor Overview
Total Contract Value: $309,488 ($309.5K)
Total Awards: 4
Company Profile
Illinois Tool Works Inc. (ITW) is a diversified industrial manufacturing company with a significant presence in the federal contracting space. The company specializes in a wide range of products and services, including industrial automation, engineered systems, and specialty chemicals. ITW's federal contracts primarily focus on providing mission-critical components and support services to various government agencies. Given the lack of specific data on recent contracts and agency clients, it is challenging to provide a detailed analysis of their relationship with specific government agencies. However, based on the available data, ITW has a diverse portfolio of contracts, with an average contract size of $77,372. The company has not engaged in any sole-source contracts, indicating a preference for competitive bidding processes. ITW's track record suggests a strong performance history, with a focus on delivering high-quality products and services. The company's business strategy appears to be centered on leveraging its diverse capabilities to secure contracts across multiple agencies, ensuring a stable and diversified revenue stream.
Specializations
- Industrial automation
- Engineered systems
- Specialty chemicals
- Manufacturing equipment
- Maintenance, repair, and overhaul (MRO) services
- Electrical and electronic components
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: N/A
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: N/A
Competitive Position
Illinois Tool Works Inc. is a diversified industrial manufacturing company with a strong presence in the federal contracting space. The company's diverse portfolio of products and services, combined with its commitment to competitive bidding, positions it as a reliable and versatile supplier to various government agencies. While ITW is not a dominant player in any single specialty area, its ability to offer a wide range of solutions makes it a valuable partner for agencies seeking comprehensive support.
Value to Taxpayers
Illinois Tool Works Inc. provides good value for taxpayer money through its diverse portfolio of products and services. The company's commitment to competitive bidding and its strong performance history suggest that it is able to deliver high-quality solutions at competitive rates. However, the lack of specific data on recent contracts and agency clients makes it difficult to assess the full extent of ITW's value to taxpayers.
Agency Relationships
The available data does not provide specific information on which agencies rely most on Illinois Tool Works Inc. Given the company's diverse portfolio, it is likely that ITW has established relationships with multiple agencies. However, without more detailed information, it is challenging to assess the level of dependency or concentration concerns.
Red Flags
- No sole-source contracts: While this may indicate a preference for competitive bidding, it could also suggest that ITW is not able to secure contracts through non-competitive means.
- Lack of recent contracts: The absence of recent contracts may indicate a slowdown in the company's federal business or challenges in securing new contracts.
- No specific agency clients: The lack of information on which agencies rely most on ITW makes it difficult to assess the level of dependency or concentration concerns.
Green Flags
- Diverse portfolio: ITW's ability to offer a wide range of products and services makes it a valuable partner for agencies seeking comprehensive support.
- Commitment to competitive bidding: The company's preference for competitive bidding processes suggests a commitment to fair and transparent contract award practices.
- Strong performance history: ITW's track record of delivering high-quality products and services indicates a reliable and capable supplier.
Key Contracts
Illinois Tool Works Inc. has secured a total of $309,487.86 in federal contracts, with an average contract size of $77,372. While the lack of specific contract descriptions makes it difficult to provide detailed insights, the company's diverse portfolio suggests that it has secured contracts across multiple agencies. The absence of sole-source contracts indicates a preference for competitive bidding processes. ITW's strong performance history and commitment to delivering high-quality solutions suggest that the company is well-positioned to continue securing federal contracts in the future.
Frequently Asked Questions
What does Illinois Tool Works Inc. do for the federal government?
Illinois Tool Works Inc. (ITW) provides a wide range of products and services to the federal government, including industrial automation, engineered systems, specialty chemicals, and MRO services. The company's federal contracts primarily focus on providing mission-critical components and support services to various government agencies.
How much taxpayer money does Illinois Tool Works Inc. receive?
Illinois Tool Works Inc. has secured a total of $309,487.86 in federal contracts, with an average contract size of $77,372. The company has not engaged in any sole-source contracts, indicating a preference for competitive bidding processes.
Is Illinois Tool Works Inc. good value for taxpayer money?
Illinois Tool Works Inc. provides good value for taxpayer money through its diverse portfolio of products and services. The company's commitment to competitive bidding and its strong performance history suggest that it is able to deliver high-quality solutions at competitive rates. However, the lack of specific data on recent contracts and agency clients makes it difficult to assess the full extent of ITW's value to taxpayers.
How does Illinois Tool Works Inc. win its contracts?
Illinois Tool Works Inc. has not engaged in any sole-source contracts, indicating a preference for competitive bidding processes. The company's strong performance history and commitment to delivering high-quality solutions suggest that it is able to secure federal contracts through competitive means.
What agencies use Illinois Tool Works Inc. most?
The available data does not provide specific information on which agencies rely most on Illinois Tool Works Inc. Given the company's diverse portfolio, it is likely that ITW has established relationships with multiple agencies. However, without more detailed information, it is challenging to assess the level of dependency or concentration concerns.
What are the risks of relying on Illinois Tool Works Inc.?
The lack of recent contracts and specific agency clients makes it difficult to assess the full extent of the risks associated with relying on Illinois Tool Works Inc. However, the company's preference for competitive bidding processes and strong performance history suggest that it is a reliable and capable supplier. The absence of sole-source contracts and the company's diverse portfolio may mitigate some of the risks associated with dependency on a single supplier.
How does Illinois Tool Works Inc. compare to similar contractors?
Illinois Tool Works Inc. is a diversified industrial manufacturing company with a strong presence in the federal contracting space. The company's diverse portfolio of products and services, combined with its commitment to competitive bidding, positions it as a reliable and versatile supplier to various government agencies. While ITW is not a dominant player in any single specialty area, its ability to offer a wide range of solutions makes it a valuable partner for agencies seeking comprehensive support.
Recent Federal Contracts
Illinois Tool Works Inc has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Agriculture Department awards $138K for universal testing machine, a speciali... | Department of Agriculture | $138.0K | N/A |
| NASA awards $1.67M for Instron Expansion Module to Illinois Tool Works Inc. | National Aeronautics and Space Administration | $16.7K | N/A |