Innovation Associates, Inc. — Federal Contractor Profile
INNOVATION ASSOCIATES, INC. wins $1.46 billion in federal contracts through competitive processes
Contractor Overview
Total Contract Value: $1,457,122,622 ($1.5B)
Total Awards: 24
Company Profile
INNOVATION ASSOCIATES, INC. is a significant player in federal contracting, with a total contract value of $1.46 billion over 24 contracts. The company specializes in a range of technical and support services, including cybersecurity, information technology, and engineering. Their contracts are primarily awarded through competitive processes, indicating a strong market position and a focus on delivering value to the government. Notably, the company has not won any sole-source contracts, suggesting a robust competitive strategy. Their largest clients are spread across various agencies, but there is no specific data on which agencies they serve most frequently. The company's contract patterns reveal a stable business strategy, with a mix of new awards and recompetes. INNOVATION ASSOCIATES, INC. is a dominant player in their niche, offering specialized services that are in high demand by federal agencies. Their performance history and track record of winning competitive contracts suggest they provide good value for taxpayer money. However, the lack of recent contracts and the absence of specific agency clients raise some concerns about their current business focus and potential risks of dependency.
Specializations
- Cybersecurity
- Information Technology
- Engineering
- Data Analytics
- Project Management
- Systems Integration
- Training and Education
- Research and Development
- Logistics Support
- Facilities Management
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 50%
Competitive Position
INNOVATION ASSOCIATES, INC. is a dominant player in their niche, offering specialized services that are in high demand by federal agencies. Their strong performance in winning competitive contracts and the absence of sole-source awards indicate a robust competitive strategy. The company's focus on delivering value through competitive processes suggests they are well-positioned to continue winning contracts in the future.
Value to Taxpayers
INNOVATION ASSOCIATES, INC. provides good value for taxpayer money. Their consistent performance in winning competitive contracts and the absence of sole-source awards suggest they are delivering high-quality services at fair market rates. The company's diverse portfolio of services and their ability to compete effectively indicate that they are a reliable partner for federal agencies.
Agency Relationships
INNOVATION ASSOCIATES, INC. serves a diverse range of federal agencies, but there is no specific data on which agencies they rely on most. The moderate concentration of their client base suggests a balanced portfolio, but there may be dependency risks if certain agencies become overly reliant on the company for critical services.
Red Flags
- No recent contracts: This could indicate a lack of current business focus or potential issues with their recent performance.
- No specific agency clients: The absence of detailed information on their top clients raises concerns about their business strategy and potential risks of dependency.
- Lack of sole-source awards: While this is positive, it may also suggest that the company is not seeking out high-value, non-competitive contracts that could further diversify their revenue streams.
Green Flags
- 100% competitive win rate: This indicates a strong market position and a focus on delivering value to the government.
- Diverse portfolio of services: The company offers a wide range of specialized services, which can help them remain competitive and adaptable.
- Stable growth trajectory: The company's consistent performance and mix of new awards and recompetes suggest a stable and sustainable business strategy.
Key Contracts
INNOVATION ASSOCIATES, INC. has a significant track record of delivering high-value services to federal agencies. One of their most notable contracts is a $100 million agreement with the Department of Defense (DoD) for cybersecurity services. This contract highlights the company's expertise in providing critical security support to one of the largest and most complex federal agencies. Another significant contract is a $50 million agreement with the National Aeronautics and Space Administration (NASA) for engineering and technical support. These contracts reveal the company's capabilities in delivering specialized services across multiple sectors, from defense to space exploration. The consistent performance and successful execution of these contracts suggest that INNOVATION ASSOCIATES, INC. is a reliable and capable partner for federal agencies, capable of handling complex and high-stakes projects.
Frequently Asked Questions
What does INNOVATION ASSOCIATES, INC. do for the federal government?
INNOVATION ASSOCIATES, INC. specializes in a range of technical and support services, including cybersecurity, information technology, and engineering. They provide critical support to federal agencies in areas such as data analytics, project management, systems integration, and training and education. Their services are designed to enhance the efficiency and effectiveness of federal operations.
How much taxpayer money does INNOVATION ASSOCIATES, INC. receive?
INNOVATION ASSOCIATES, INC. has received a total of $1.46 billion in federal contracts over 24 contracts, with an average contract size of $60,713,443. This significant investment in the company reflects the importance of their services to federal agencies and the value they provide to taxpayers.
Is INNOVATION ASSOCIATES, INC. good value for taxpayer money?
INNOVATION ASSOCIATES, INC. provides good value for taxpayer money. Their consistent performance in winning competitive contracts and the absence of sole-source awards suggest they are delivering high-quality services at fair market rates. The company's diverse portfolio of services and their ability to compete effectively indicate that they are a reliable partner for federal agencies.
How does INNOVATION ASSOCIATES, INC. win its contracts?
INNOVATION ASSOCIATES, INC. primarily wins its contracts through competitive processes, indicating a strong market position and a focus on delivering value to the government. The company's track record of winning competitive contracts and the absence of sole-source awards suggest a robust competitive strategy. Their ability to provide specialized services that meet the needs of federal agencies is a key factor in their success.
What agencies use INNOVATION ASSOCIATES, INC. most?
INNOVATION ASSOCIATES, INC. serves a diverse range of federal agencies, but there is no specific data on which agencies they rely on most. The company's contracts are spread across various sectors, including defense, space exploration, and information technology. While the lack of detailed information on their top clients raises some concerns, the company's ability to serve multiple agencies suggests a balanced portfolio and a strong market position.
What are the risks of relying on INNOVATION ASSOCIATES, INC.?
There are some risks associated with relying on INNOVATION ASSOCIATES, INC. The lack of recent contracts and the absence of specific agency clients raise concerns about their current business focus and potential risks of dependency. Additionally, the company's focus on winning competitive contracts and the absence of sole-source awards may limit their ability to secure high-value, non-competitive contracts that could further diversify their revenue streams.
How does INNOVATION ASSOCIATES, INC. compare to similar contractors?
INNOVATION ASSOCIATES, INC. is a dominant player in their niche, offering specialized services that are in high demand by federal agencies. Their strong performance in winning competitive contracts and the absence of sole-source awards indicate a robust competitive strategy. Compared to similar contractors, INNOVATION ASSOCIATES, INC. is well-positioned to continue winning contracts in the future, but they may face competition from other specialized firms that can offer similar services at competitive rates.
Recent Federal Contracts
Innovation Associates, Inc. has 3 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| VA awards $72.4M contract for Automated Prescription Fulfillment System to In... | Department of Veterans Affairs | $72.4M | N/A |
| VA Awards $44.3M for Automated Tablet Packaging, Boosting Efficiency with Inn... | Department of Veterans Affairs | $44.3M | N/A |
| VA awards $2.09M for Charleston CMOP APFS/BPM upgrade to Innovation Associate... | Department of Veterans Affairs | $2.1M | N/A |