Tag Archives: IDIQ

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Jacobs Engineering Lands $128.4 Million Air Force Contract

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By Rich Smith, The Motley Fool

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On another slow day for Defense Department awards on Friday, Jacobs Technology was one of the few big winners. Landing a $128.4 million indefinite-delivery/indefinite-quantity (IDIQ) contract modification, the Tullahoma, Tenn.-based subsidiary of Jacobs Engineering increased the value of its underlying Pentgaon contract to supply “diverse engineering, technical, and acquisition support services” to a combined $264 billion.

Although this contract is described as involving “foreign military sales,” Jacobs will be performing its services for the U.S. Air Force at Eglin Air Force Base in Florida. Work on the newly “optioned” portion of Jacobs’ contract is to be completed by April 19, 2014.

The article Jacobs Engineering Lands $128.4 Million Air Force Contract originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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SAIC Wins $140 Million PBGC Contract

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Following on the heels of CACI International‘s announcement that it won a $140 million contract to modernize information systems at the U.S. Pension Benefit Guaranty Corporation (PBGC) last month, similar-sounding company SAIC revealed Wednesday that, as a matter of fact, it won that same contract, too. What’s more, SAIC‘s win is quite a bit more significant than CACI‘s.

According to a press release issued yesterday, SAIC has been awarded a place in the same “multiple award, indefinite delivery/indefinite quantity” (IDIQ) contract “to provide information technology (IT) and operations support services” to the PBGC that CACI won.

Like the CACI contract, SAIC can now bid on task orders under a one-year base period for performance, with the possibility of making further bids if the base period is extended by one or more of four possible one-year extension “options.”

Unlike CACI, SAIC has already landed one of the big “task orders” under the IDIQ contract — an order that should be worth $74 million to SAIC over five years, assuming all options are exercised. In winning the task order, SAIC has effectively eaten up more than half of the $140 million total ceiling value of the overarching IDIQ contract that both CACI and SAIC are participating in.

Result: After falling with the rest of the market in regular Wednesday trading, SAIC shares rallied 0.5% after hours, rising as high as $13.62.

The article SAIC Wins $140 Million PBGC Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Siemens Wins $1.9 Billion Pentagon Medical Systems Contract

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The Pentagon awarded German industrial giant Siemens a mammoth $1.9-billion contract Wednesday in its fourth option-year extension of a contract originally awarded back in 2009 … and back when its estimated “maximum” value was supposed to be $267 million.

The contract in question, designated a fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity (IDIQ) contract, covers the purchase of up to an additional $1,871,764,738 worth of “radiology systems, subsystems, accessories, service, manual, and repair/parts” for use at Army, Navy, Air Force, and Marine Corps locations, as well as by unspecified “federal civilian agencies.” The fourth option year expires March 30, 2014.

Because this contract is designated “IDIQ,” actual purchases will be billed as good when ordered and delivered, and the total amount spent may not (or may) reach the stated maximum value.

The article Siemens Wins $1.9 Billion Pentagon Medical Systems Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Sorry, Duracell: Pentagon Buys $100 Million Worth of Batteries

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Two separate battery makers won lucrative Department of Defense contracts Thursday, promising to pay them up to $49.9 million apiece ($99.8 million in total) to supply lead acid batteries for use aboard U.S. nuclear fast attack (SSN) and ballistic missile (SSBN) submarines.

The companies, Exide Technologies and EnerSys were each awarded one firm-fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) contract to supply “valve-regulated lead acid batteries and associated accessories” for U.S. Navy Ohio-class SSBNs, Los Angeles-, Virginia-, and Sea Wolf-class SSNs, and also for unspecified “moored training submarines.”

These being nuclear submarines, the batteries will not provide primary power, but act as secondary sources of power. Each contractor will be expected to supply the requested batteries by March 2017.

The article Sorry, Duracell: Pentagon Buys $100 Million Worth of Batteries originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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CACI Wins $140 Million PBGC Contract

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CACI International won a significant contract Thursday, when the U.S. Pension Benefit Guaranty Corporation — the quasi-governmental agency that takes over and runs corporate pension funds when a company goes bankrupt — awarded the company a potential five-year contract that could be worth $140 million.

The contract in question, which is CACI‘s first opportunity to work for PBGC, consists of a one-year base term plus for succeeding one-year-long “options.” It’s the sort of contract referred to as an “indefinite delivery/indefinite quantity” (IDIQ) contract, meaning that there’s no guarantee PBGC will actually order $140 million worth of services from CACI. But it may.

If it does, PBGC will be asking CACI to modernize its information technology systems as part of the IT Infrastructure Operations Services and Support (ITIOSS) contract. Ideally, the modifications requested will result in improved performance, lower costs, increased transparency of costs and service levels, and improved IT security at the agency.

Despite the contract win, CACI shares fell along with the rest of the market Thursday, declining 0.7%, to close at $56.12.

The article CACI Wins $140 Million PBGC Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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CACI Awarded Prime Position on $140 Million Multiple-Award Contract to Modernize IT Infrastructure f

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CACI Awarded Prime Position on $140 Million Multiple-Award Contract to Modernize IT Infrastructure for Pension Benefit Guaranty Corporation

ARLINGTON, Va.–(BUSINESS WIRE)– CACI International Inc (NYSE:CACI) announced today that it has been selected as a prime contractor to modernize the Information Technology (IT) infrastructure of the Pension Benefit Guaranty Corporation (PBGC) on the IT Infrastructure Operations Services and Support (ITIOSS) contract. This five-year (one base plus four options) indefinite delivery/indefinite quantity (IDIQ) contract, which has a ceiling of $140 million, represents new work with a federal client and expands CACI‘s presence in its Enterprise IT market.

PBGC is a federal agency that protects the retirement incomes of more than 44 million American workers in more than 27,500 private-sector defined benefit pension plans. On the ITIOSS contract, CACI may be awarded task orders where it may have the opportunity to upgrade, consolidate, and simplify PBGC‘s IT infrastructure to align it with the organization’s business and mission requirements. This transformation will improve performance, reduce costs, increase transparency of costs and service levels, and address security deficiencies.

CACI intends to leverage its history of success in using Information Technology Infrastructure Library (ITIL®) best practices for IT service management to implement IT transformations across federal civilian agencies.

According to John Mengucci, CACI Chief Operating Officer and President of U.S. Operations, “CACI‘s innovative transformation approach and use of best practices makes us an ideal candidate to deliver success on the IT Infrastructure Operations Services and Support contract. Our proven, high-value IT solutions will assist the Pension Benefit Guaranty Corporation in safeguarding the pension plans of millions of Americans.”

CACI President and Chief Executive Officer Kenneth Asbury said, “This award from the Pension Benefit Guaranty Corporation demonstrates the continuing success of CACI‘s strategy to secure positions on the large contract vehicles the government increasingly relies on to procure solutions and services. This is a new client for us with solid future business potential, and we welcome the opportunity to expand our support in the federal civilian space while strategically advancing our presence in the Enterprise IT market.”

CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian clients. A member of the Fortune 1000 Largest Companies and the Russell 2000 Index, CACI provides dynamic careers for approximately 15,500 employees working in over 120 offices worldwide.

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Boeing Lands $106.2 Million in New Pentagon Contracts

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On Friday, the Department of Defense awarded Boeing two contracts worth a combined $106.2 million.

The first, and by far the larger, contract awards Boeing $99 million in the form of a “firm-fixed-price, cost-plus-fixed-fee and indefinite-quantity/indefinite-delivery contract” to supply the Air Force with Joint Direct Attack Munitions. As an IDIQ contract, these munitions (actually, guidance kits affixed to bombs) will be ordered on an as-needed basis, with Boeing getting paid as specific orders are fulfilled between now and the contract’s expiration on Jan. 31, 2016.

The second, and smaller, contract, for $7.2 million, is a firm-fixed-price modification of an existing contract for the provision of logistics support for Apache Block III attack helicopters. Work on this contract is due to be completed Nov. 30, 2014.

The article Boeing Lands $106.2 Million in New Pentagon Contracts originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Pentagon Awards Tetra Tech $100 Million for Environmental Remediation

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By Rich Smith, The Motley Fool

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On Thursday, the Department of Defense awarded environmental services company Tetra Tech a $100 million indefinite-delivery-indefinite-quantity, cost-plus-award-fee contract to perform environmental remediation services at “various locations within the Naval Facilities Engineering Command (NAVFAC) Atlantic area of responsibility (AOR).”

The contract in question, referred to as an “IDIQ” contract, is essentially an umbrella authorization for the company to perform (and be paid for) work on an as-needed basis. Specific funds will be awarded to Tetra Tech in response to specific “task orders” instructing it to perform work for the Navy.

This IDIQ contract may have a duration of as much as 60 months, and is expected to conclude in March 2018.

The article Pentagon Awards Tetra Tech $100 Million for Environmental Remediation originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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SAIC Wins (a Chance at) $335 Million Army Contract

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By Rich Smith, The Motley Fool

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Science Applications International Corporation has won the right to participate in a U.S. Army “prime contract” worth a potential $315 million, the company announced Thursday.

As one of several recipients of a multiple-award indefinite-delivery/indefinite-quantity (IDIQ) contract, SAIC has the right to bid upon contracts put up by the Army to provide “maintenance and services for Access Control Point (ACP), electronic and physical security systems, Utility Monitoring and Control Systems (UMCS), and other electronic systems” at the Army’s Engineering and Support Center Huntsville. This contract runs for one year initially, with the possibility of four one-year additional “options” periods following. If all options are exercised, the total value of the contract — spread out among the 10 companies that won participation in the prime contract — could reach the headline figure of $315 million.

The Army facility, which goes by the acronym “CEHNC,” supports ballistic missile defense, installation support, ordnance and explosives, engineering, and chemical demilitarization programs, as well as the Environmental and Munitions Center of Expertise.

Despite the win — or perhaps in acknowledgement of its limited value, being contingent on winning future contracts, and having to compete with nine other companies to win them — SAIC shares declined 1.1% in Thursday trading, closing at $12.29.

The article SAIC Wins (a Chance at) $335 Million Army Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Teledyne Wins $8.5 Million Expansion of SEAL Minisub Contract

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By Rich Smith, The Motley Fool

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On Monday, the Department of Defense announced the award of a small-but-significant contract to Teledyne subsidiary Teledyne Brown Engineering. The award of $8.5 million will pay Teledyne for providing “reprogramming services” under an “indefinite-delivery/indefinite-quantity” (IDIQ) contract to develop and test a development model of a shallow water combat submersible (SWCS).

The contract being modified benefits the United States Special Operations Command (USSOCOM), and commissions Teledyne to “design, develop, test, manufacture and sustain” the SWCS, which will replace the current SEAL Delivery Vehicle — the underwater motorcycle-type vehicle you see SEAL fighters riding in the movies, while suited up in scuba gear and approaching a beachhead at night. The new variant, formerly designated the Advanced SEAL Delivery System (ASDS), will be more like a mini-submarine, carrying one pilot and one SEAL within an enclosed hull.

The full SWCS contract, including all options, is valued at $383 million, and Monday’s modification is part of this larger award, which Teledyne won back in July 2011.

Teledyne Brown has already successfully developed a full-scale mockup SWCS vehicle, and demonstrated the system’s functionality under a preceding contract.

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The article Teledyne Wins $8.5 Million Expansion of SEAL Minisub Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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