The U.S. Air Force intends to revise the current ceiling of an information technology contract vehicle to $9.95 billion, according to a FedBizOpps notice posted Monday.
Companies holding positions on the Netcents I vehicle include Booz Allen Hamilton (NYSE: BAH), General Dynamics (NYSE: GD), Harris Corp. (NYSE: HRSHazard Ranking System), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC).
The ceiling price will go up $950 million from the original $9 billion ceiling, the ordering period is extended for one year up until Sept. 9, 2012 and task order work can occur until Sept. 8, 2014.
As of March 2012, the Air Force issued nearly $8.7 billion in orders on the vehicle.
The Air Force said itInformation Technology need to increase the ceiling as itInformation Technology transitions from Netcents I to Netcents 2, preventing risks of nonstandard-based contracts and conflicts with Air Force and Pentagon policies.