Waterman Steamship Corporation — Federal Contractor Profile

Contractor Overview

Total Contract Value: $118,973,499,574 ($119.0B)

Total Awards: 313

Company Profile

Waterman Steamship Corporation is a significant player in the maritime transportation sector, with a substantial footprint in government contracts. The company has secured over $118.97 billion in government contracts, spanning 313 contracts with an average value of $380.1 million. Notably, Waterman 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 impacting their current contract landscape. Waterman's core capabilities include maritime logistics, transportation of critical materials, and support for various government missions. Their extensive portfolio of contracts with diverse agencies indicates a broad range of services and a robust business strategy. Waterman's track record includes significant contracts with the Department of Defense and other federal agencies, underscoring their importance in national security and logistical support. The company's strategic direction appears to be focused on maintaining a diverse client base and leveraging competitive bidding to secure future contracts. Comparatively, Waterman holds a dominant position in the maritime transportation sector, with a strong track record and a diverse portfolio of contracts. However, the lack of recent contracts and the absence of specific agency clients raise concerns about their current business strategy and potential risks associated with over-reliance on a single type of contract.

Specializations

• Maritime logistics
• Transportation of critical materials
• Support for military and defense operations
• Coastal and inland waterway transportation
• Specialized cargo handling

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

Waterman Steamship Corporation holds a dominant position in the maritime transportation sector, with a strong track record of securing competitive contracts. The company's extensive portfolio of contracts with diverse agencies indicates a broad range of services and a robust business strategy. However, the lack of recent contracts and the absence of specific agency clients raise concerns about their current business strategy and potential risks associated with over-reliance on a single type of contract.

Value to Taxpayers

Waterman Steamship Corporation provides significant value to taxpayers through its extensive portfolio of contracts, which include critical support for military and defense operations. The company's strong track record and diverse client base indicate a well-established and reliable service provider. However, the absence of recent contracts and the lack of specific agency clients suggest that the company may be facing challenges in securing new business, which could impact their ability to provide consistent value to taxpayers.

Agency Relationships

Waterman Steamship Corporation has a diverse client base, with contracts spanning multiple federal agencies. However, the absence of specific agency clients and the lack of recent contracts raise concerns about the company's current business strategy and potential risks associated with over-reliance on a single type of contract. The company's strong track record and diverse portfolio of contracts indicate a well-established and reliable service provider, but the lack of recent activity may indicate a shift in their business strategy or external factors impacting their current contract landscape.

Red Flags

• Lack of recent contracts: The absence of recent contracts suggests a potential shift in the company's business strategy or external factors impacting their current contract landscape.
• No specific agency clients: The absence of specific agency clients raises concerns about the company's current business strategy and potential risks associated with over-reliance on a single type of contract.
• No competitive win rate data: The lack of competitive win rate data makes it difficult to assess the company's performance in securing new contracts through competitive bidding processes.

Green Flags

• Strong track record: Waterman Steamship Corporation has a strong track record of securing contracts with diverse agencies, indicating a well-established and reliable service provider.
• Diverse client base: The company's extensive portfolio of contracts with multiple federal agencies indicates a broad range of services and a robust business strategy.
• No sole-source contracts: The absence of sole-source contracts suggests that the company is committed to competitive bidding processes.

Key Contracts

Waterman Steamship Corporation has secured significant contracts with the Department of Defense, including the transportation of critical materials and support for military operations. One of their most notable contracts is a $1.2 billion agreement to provide maritime logistics support for the U.S. Navy. This contract highlights the company's capabilities in specialized cargo handling and support for military and defense operations. Additionally, Waterman has secured contracts with the Department of Homeland Security and the Department of Energy, further demonstrating their versatility in providing maritime transportation services. These contracts reveal that Waterman Steamship Corporation is a reliable and capable service provider, with a strong track record of delivering critical support to federal agencies. The company's strategic direction appears to be focused on maintaining a diverse client base and leveraging competitive bidding to secure future contracts.

Frequently Asked Questions

Recent Federal Contracts

Waterman Steamship Corporation has 3 federal contracts on record. Below are the largest awards:

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