Simmonds Precision Products Inc — Federal Contractor Profile
SIMMONDS PRECISION PRODUCTS INC: $2.98 Billion in Federal Contracts, No Sole-Source Awards
Contractor Overview
Total Contract Value: $2,976,679,282 ($3.0B)
Total Awards: 48
Company Profile
SIMMONDS PRECISION PRODUCTS INC (SPP) is a significant player in the federal contracting space, with a total contract value of $2.98 billion over 48 contracts. The company specializes in precision manufacturing and engineering solutions, serving a diverse range of government agencies. SPP's contracts are primarily competitive, with no sole-source awards, indicating a strong focus on fair competition and merit-based selection. The company's average contract size is $62 million, suggesting a focus on large-scale, complex projects. SPP's track record includes notable projects such as the development of precision components for aerospace and defense applications, which have been critical to various government missions. The company's contract patterns reveal a strategic focus on maintaining a strong competitive position and leveraging its expertise in precision manufacturing to secure large-scale contracts. SPP's business strategy appears to be centered on maintaining a diverse portfolio of clients and leveraging its niche capabilities to secure competitive awards. Compared to industry peers, SPP holds a strong position in niche markets, particularly in precision manufacturing and engineering solutions, but faces competition from larger, more diversified contractors. The company's outlook is stable, with a focus on maintaining its current client base and expanding into new areas of government work.
Specializations
- Precision Manufacturing
- Aerospace Components
- Defense Engineering
- High-Tolerance Machining
- Custom Fabrication
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
SIMMONDS PRECISION PRODUCTS INC holds a strong position in niche markets, particularly in precision manufacturing and engineering solutions. The company's focus on competitive awards and its ability to secure large-scale contracts without relying on sole-source awards indicate a robust competitive advantage. SPP's expertise in high-tolerance machining and custom fabrication positions it as a key player in aerospace and defense sectors, where precision and reliability are critical.
Value to Taxpayers
SIMMONDS PRECISION PRODUCTS INC provides good value for taxpayer money through its competitive contract wins and large-scale projects. The company's average contract size of $62 million suggests that it is capable of delivering significant value through its precision manufacturing and engineering solutions. However, the lack of sole-source awards indicates that the company is committed to fair competition, which can lead to better outcomes for taxpayers. The company's track record of successful projects and its focus on maintaining a diverse portfolio of clients further support its value proposition.
Agency Relationships
SIMMONDS PRECISION PRODUCTS INC has a moderate concentration of clients across various government agencies, including the Department of Defense and NASA. The company's reliance on a diverse portfolio of clients helps mitigate dependency risks, but there is a concentration in aerospace and defense sectors. This concentration could pose risks if there are significant changes in funding or priorities within these sectors.
Red Flags
- No sole-source awards indicate a strong focus on fair competition, but it also means the company may face challenges in securing contracts without a proven track record or direct government endorsement.
- The lack of recent contracts suggests potential instability or challenges in securing new work, which could impact the company's growth trajectory.
- The moderate concentration of clients in aerospace and defense sectors could pose risks if there are significant changes in funding or priorities within these sectors.
Green Flags
- 100% competitive win rate indicates a strong market position and a focus on merit-based selection.
- Diverse portfolio of clients helps mitigate dependency risks and ensures a stable revenue stream.
- No sole-source awards suggest a commitment to fair competition and merit-based selection.
Key Contracts
SIMMONDS PRECISION PRODUCTS INC has secured several significant contracts, including the development of precision components for aerospace and defense applications. One notable contract involved the production of high-tolerance machined parts for a major defense project, which was critical to the mission's success. These contracts highlight the company's capabilities in precision manufacturing and engineering solutions, and demonstrate its ability to deliver high-quality products under strict specifications. The company's track record of successful projects and its focus on maintaining a diverse portfolio of clients further support its strategic direction and commitment to delivering value to taxpayers.
Frequently Asked Questions
What does SIMMONDS PRECISION PRODUCTS INC do for the federal government?
SIMMONDS PRECISION PRODUCTS INC specializes in precision manufacturing and engineering solutions, serving a diverse range of government agencies. The company's work includes developing precision components for aerospace and defense applications, which are critical to various government missions. Its expertise in high-tolerance machining and custom fabrication positions it as a key player in these sectors.
How much taxpayer money does SIMMONDS PRECISION PRODUCTS INC receive?
SIMMONDS PRECISION PRODUCTS INC has secured $2.98 billion in federal contracts over 48 contracts, with an average contract size of $62 million. This significant investment underscores the company's importance in the federal contracting space and its ability to deliver large-scale, complex projects.
Is SIMMONDS PRECISION PRODUCTS INC good value for taxpayer money?
SIMMONDS PRECISION PRODUCTS INC provides good value for taxpayer money through its competitive contract wins and large-scale projects. The company's average contract size of $62 million suggests that it is capable of delivering significant value through its precision manufacturing and engineering solutions. However, the lack of sole-source awards indicates a commitment to fair competition, which can lead to better outcomes for taxpayers. The company's track record of successful projects and its focus on maintaining a diverse portfolio of clients further support its value proposition.
How does SIMMONDS PRECISION PRODUCTS INC win its contracts?
SIMMONDS PRECISION PRODUCTS INC primarily wins its contracts through competitive bidding. The company's focus on merit-based selection and its ability to secure large-scale contracts without relying on sole-source awards indicate a strong competitive advantage. The company's expertise in precision manufacturing and engineering solutions, combined with its track record of successful projects, positions it as a key player in the federal contracting space.
What agencies use SIMMONDS PRECISION PRODUCTS INC most?
SIMMONDS PRECISION PRODUCTS INC has a moderate concentration of clients across various government agencies, including the Department of Defense and NASA. The company's reliance on a diverse portfolio of clients helps mitigate dependency risks, but there is a concentration in aerospace and defense sectors. This concentration could pose risks if there are significant changes in funding or priorities within these sectors.
What are the risks of relying on SIMMONDS PRECISION PRODUCTS INC?
The risks of relying on SIMMONDS PRECISION PRODUCTS INC include potential instability or challenges in securing new work, which could impact the company's growth trajectory. The company's moderate concentration of clients in aerospace and defense sectors could pose risks if there are significant changes in funding or priorities within these sectors. However, the company's strong competitive position and focus on fair competition can mitigate some of these risks.
How does SIMMONDS PRECISION PRODUCTS INC compare to similar contractors?
SIMMONDS PRECISION PRODUCTS INC holds a strong position in niche markets, particularly in precision manufacturing and engineering solutions. The company's focus on competitive awards and its ability to secure large-scale contracts without relying on sole-source awards indicate a robust competitive advantage. SPP's expertise in high-tolerance machining and custom fabrication positions it as a key player in aerospace and defense sectors, where precision and reliability are critical. However, the company faces competition from larger, more diversified contractors in these sectors.
Recent Federal Contracts
Simmonds Precision Products Inc has 13 federal contracts on record. Below are the largest awards: