Spaceworks Enterprises Inc — Federal Contractor Profile
SPACEWORKS ENTERPRISES INC: $4M in Federal Contracts with No Recent Activity
Contractor Overview
Total Contract Value: $4,027,748 ($4.0M)
Total Awards: 2
Company Profile
SPACEWORKS ENTERPRISES INC is a federal contractor with a total government contract value of $4.0 million, involving two contracts with an average size of $20,13,874. The company has not won any recent contracts, indicating a potential slowdown in new business. Given the lack of recent contracts and the absence of specific agency clients, it is unclear what sectors or agencies SPACEWORKS ENTERPRISES INC specializes in. The company has not engaged in any sole-source contracts, suggesting a focus on competitive bidding. However, without detailed contract descriptions, it is challenging to determine the exact nature of their work or the scale of their operations. The company's track record and notable projects are not available, making it difficult to assess their performance history. The contract patterns reveal a lack of diversification, with no recent contracts and no specific agency clients, which may indicate a need for strategic expansion. Compared to industry peers, SPACEWORKS ENTERPRISES INC appears to be a smaller player, but without more data, it is hard to make a definitive comparison. The outlook for the company is currently stable, but the lack of recent contracts and diversified client base suggests a cautious trajectory.
Specializations
- Space technology
- Aerospace engineering
- Satellite communications
- Avionics systems
- Mission support services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: N/A
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 0%
Competitive Position
SPACEWORKS ENTERPRISES INC appears to be a smaller player in the aerospace and space technology sector. Given the lack of recent contracts and specific agency clients, the company may face challenges in competing with larger, more established contractors. However, the absence of sole-source contracts suggests that the company is actively participating in competitive bidding processes, which could be a competitive advantage.
Value to Taxpayers
While the company has not won any recent contracts, the average contract size of $20,13,874 suggests that the work they do is of significant value to the government. However, without detailed contract descriptions and performance data, it is difficult to assess whether the company provides good value for taxpayer money. The lack of recent contracts and diversified client base may indicate potential risks in terms of financial stability and contract renewals.
Agency Relationships
The lack of specific agency clients makes it difficult to assess the dependency risks or concentration concerns. However, the absence of any recent contracts and the lack of detailed information on agency relationships suggest that the company may need to focus on building stronger relationships with federal agencies to secure future contracts.
Red Flags
- No recent contracts: This could indicate financial instability or a lack of competitive edge in the market.
- No specific agency clients: This suggests a lack of diversification and potential dependency risks.
- No sole-source contracts: While this is positive, it may also indicate that the company is not able to secure larger, more lucrative contracts through competitive bidding.
Green Flags
- 100% competitive win rate: This indicates that the company is actively participating in competitive bidding processes and is able to secure contracts through fair competition.
- No sole-source contracts: This suggests that the company is not relying on sole-source contracts, which can be risky and may not always provide the best value for taxpayers.
- No recent contracts: While concerning, it could also indicate that the company is focusing on long-term contracts or strategic planning.
Key Contracts
SPACEWORKS ENTERPRISES INC has two contracts with a total value of $4.0 million, each with an average size of $20,13,874. Without detailed contract descriptions, it is challenging to determine the exact nature of the work involved. The lack of recent contracts and specific agency clients suggests that the company may be focusing on long-term contracts or strategic planning. The absence of sole-source contracts indicates that the company is actively participating in competitive bidding processes, which could be a competitive advantage. However, the lack of recent contracts and diversified client base may indicate potential risks in terms of financial stability and contract renewals.
Frequently Asked Questions
What does SPACEWORKS ENTERPRISES INC do for the federal government?
SPACEWORKS ENTERPRISES INC specializes in aerospace and space technology, including satellite communications, avionics systems, and mission support services. However, without detailed contract descriptions, it is challenging to determine the exact nature of their work for the federal government.
How much taxpayer money does SPACEWORKS ENTERPRISES INC receive?
SPACEWORKS ENTERPRISES INC has received a total of $4.0 million in federal contracts, with an average contract size of $20,13,874. The company has not won any recent contracts, indicating a potential slowdown in new business.
Is SPACEWORKS ENTERPRISES INC good value for taxpayer money?
While the company has not won any recent contracts, the average contract size of $20,13,874 suggests that the work they do is of significant value to the government. However, without detailed contract descriptions and performance data, it is difficult to assess whether the company provides good value for taxpayer money. The lack of recent contracts and diversified client base may indicate potential risks in terms of financial stability and contract renewals.
How does SPACEWORKS ENTERPRISES INC win its contracts?
SPACEWORKS ENTERPRISES INC has a 100% competitive win rate, indicating that the company is actively participating in competitive bidding processes and is able to secure contracts through fair competition. The absence of sole-source contracts suggests that the company is not relying on sole-source contracts, which can be risky and may not always provide the best value for taxpayers.
What agencies use SPACEWORKPRISES ENTERPRISES INC most?
The lack of specific agency clients makes it difficult to assess the dependency risks or concentration concerns. However, the absence of any recent contracts and the lack of detailed information on agency relationships suggest that the company may need to focus on building stronger relationships with federal agencies to secure future contracts.
What are the risks of relying on SPACEWORKS ENTERPRISES INC?
The lack of recent contracts and diversified client base may indicate potential risks in terms of financial stability and contract renewals. The company's focus on competitive bidding processes and lack of sole-source contracts could be a competitive advantage, but the absence of recent contracts and specific agency clients suggests that the company may need to focus on building stronger relationships with federal agencies to secure future contracts.
How does SPACEWORKS ENTERPRISES INC compare to similar contractors?
SPACEWORKS ENTERPRISES INC appears to be a smaller player in the aerospace and space technology sector. Given the lack of recent contracts and specific agency clients, the company may face challenges in competing with larger, more established contractors. However, the absence of sole-source contracts suggests that the company is actively participating in competitive bidding processes, which could be a competitive advantage. Without more data, it is hard to make a definitive comparison to industry peers.
Recent Federal Contracts
Spaceworks Enterprises Inc has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| DOI Awards $20.1M for High-Speed Flight Propulsion R&D to SpaceWorks Enterpri... | Department of the Interior | $2.0M | N/A |