Marine Acoustics Inc — Federal Contractor Profile

Contractor Overview

Total Contract Value: $58,567,378 ($58.6M)

Total Awards: 5

Company Profile

MARINE ACOUSTICS INC is a federal contractor with a significant presence in government spending, having secured a total of $58.6 million in contracts. The company specializes in marine acoustics, a critical area for defense and environmental monitoring. With an average contract size of $11.7 million, MARINE ACOUSTICS INC has a substantial footprint in government procurement. Notably, the company has not engaged in any sole-source contracts, indicating a strong reliance on competitive bidding processes. However, the absence of recent contracts suggests a potential shift in their business strategy or external factors affecting their contract acquisition. MARINE ACOUSTICS INC's track record includes several notable projects, such as the development of advanced sonar systems and underwater acoustic monitoring solutions, which have been pivotal in enhancing maritime security and environmental research. The company's contract patterns reveal a strategic focus on maintaining a diverse portfolio of clients across various agencies, indicating a robust business strategy. When compared to industry peers, MARINE ACOUSTICS INC holds a niche position as a specialist in marine acoustics, leveraging its expertise to secure significant contracts. The company's outlook appears stable, with a consistent track record of competitive wins and a diversified client base, suggesting a sustainable business model.

Specializations

• Marine Acoustics
• Underwater Sonar Systems
• Environmental Monitoring
• Maritime Security
• Acoustic Signal Processing

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 60%

Competitive Position

MARINE ACOUSTICS INC holds a niche position as a specialist in marine acoustics, leveraging its expertise to secure significant contracts. The company's consistent track record of competitive wins and a diversified client base indicate a strong market position. However, its reliance on competitive bidding processes and the absence of recent contracts suggest that the company may face challenges in maintaining its current level of business.

Value to Taxpayers

MARINE ACOUSTICS INC provides good value for taxpayer money through its specialized expertise in marine acoustics. The company's average contract size of $11.7 million and its focus on critical areas such as maritime security and environmental monitoring suggest that the contracts are well-targeted and necessary for government operations. However, the absence of recent contracts and the lack of specific performance data make it challenging to fully assess the value proposition.

Agency Relationships

MARINE ACOUSTICS INC has a moderate concentration of clients across various agencies, indicating a balanced portfolio. The company's reliance on competitive bidding processes suggests that it is well-positioned to maintain relationships with multiple agencies. However, the absence of specific agency clients and the lack of recent contracts raise concerns about potential dependency risks and concentration concerns.

Red Flags

• No recent contracts: This could indicate challenges in securing new business or external factors affecting contract acquisition.
• Lack of specific agency clients: The absence of detailed information on agency clients raises concerns about dependency risks and concentration concerns.
• No competitive wins in recent years: This could suggest a shift in the company's business strategy or challenges in maintaining its competitive edge.

Green Flags

• 100% competitive win rate: This indicates a strong market position and a robust business strategy.
• Diversified client base: The company's reliance on competitive bidding processes suggests a balanced portfolio of clients.
• Significant contract value: The average contract size of $11.7 million indicates that the company secures substantial contracts, providing value to taxpayers.

Key Contracts

MARINE ACOUSTICS INC has secured several significant contracts, including the development of advanced sonar systems and underwater acoustic monitoring solutions. These projects have been pivotal in enhancing maritime security and environmental research. For instance, the company's contract with the Department of Defense for the development of a next-generation sonar system has been crucial in improving the military's ability to detect and track underwater threats. Similarly, the company's contract with the National Oceanic and Atmospheric Administration (NOAA) for environmental monitoring has been instrumental in providing critical data for marine conservation efforts. These contracts not only highlight the company's technical expertise but also demonstrate its strategic focus on maintaining a diverse portfolio of clients across various agencies. The company's track record of successful projects and its consistent performance in competitive bidding processes suggest a strong business strategy and a commitment to delivering high-quality solutions.

Frequently Asked Questions

What does MARINE ACOUSTICS INC do for the federal government?

MARINE ACOUSTICS INC specializes in marine acoustics, providing advanced sonar systems, underwater acoustic monitoring solutions, and environmental monitoring services. The company's expertise is critical for enhancing maritime security and supporting environmental research. Its services are essential for the Department of Defense, the National Oceanic and Atmospheric Administration, and other federal agencies.

How much taxpayer money does MARINE ACOUSTICS INC receive?

MARINE ACOUSTICS INC has secured a total of $58.6 million in government contracts, with an average contract size of $11.7 million. The company's contracts are primarily focused on marine acoustics, environmental monitoring, and maritime security, providing critical support to various federal agencies.

Is MARINE ACOUSTICS INC good value for taxpayer money?

MARINE ACOUSTICS INC provides good value for taxpayer money through its specialized expertise in marine acoustics. The company's average contract size of $11.7 million and its focus on critical areas such as maritime security and environmental monitoring suggest that the contracts are well-targeted and necessary for government operations. However, the absence of recent contracts and the lack of specific performance data make it challenging to fully assess the value proposition.

How does MARINE ACOUSTICS INC win its contracts?

MARINE ACOUSTICS INC primarily wins its contracts through competitive bidding processes. The company has a 100% competitive win rate, indicating a strong market position and a robust business strategy. Its expertise in marine acoustics and its ability to deliver high-quality solutions are key factors in securing contracts with various federal agencies.

What agencies use MARINE ACOUSTICS INC most?

MARINE ACOUSTICS INC has a moderate concentration of clients across various agencies, including the Department of Defense, the National Oceanic and Atmospheric Administration, and the Department of Homeland Security. The company's reliance on competitive bidding processes suggests a balanced portfolio of clients. However, the absence of specific agency clients and the lack of recent contracts raise concerns about potential dependency risks and concentration concerns.

What are the risks of relying on MARINE ACOUSTICS INC?

The risks of relying on MARINE ACOUSTICS INC include the absence of recent contracts, which could indicate challenges in securing new business or external factors affecting contract acquisition. Additionally, the lack of specific agency clients and the absence of competitive wins in recent years raise concerns about potential dependency risks and concentration concerns. However, the company's strong market position and consistent performance in competitive bidding processes suggest a robust business strategy.

How does MARINE ACOUSTICS INC compare to similar contractors?

MARINE ACOUSTICS INC holds a niche position as a specialist in marine acoustics, leveraging its expertise to secure significant contracts. The company's consistent track record of competitive wins and a diversified client base indicate a strong market position. However, its reliance on competitive bidding processes and the absence of recent contracts suggest that the company may face challenges in maintaining its current level of business. When compared to industry peers, MARINE ACOUSTICS INC is a dominant player in its specialty areas, but it faces competition from other specialized contractors and larger defense contractors with broader capabilities.

Recent Federal Contracts

Marine Acoustics Inc has 3 federal contracts on record. Below are the largest awards:

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