Tag Archives: undefinitized contract action

GMU GovCon Center: Federal Gov’t Uses Rapid Contracting Approaches for COVID-19 Response

Jerry McGinn GovConExpert

A report by George Mason University’s Center for Government Contracting says federal agencies have been using rapid contracting procedures to speed up contract awards in response to the coronavirus pandemic. Agencies are using Federal Supply Schedules as one of the contract flexibilities under the Federal Acquisition Regulation. Government-wide contracts accounted for $527M of COVID-19-related contract obligations, while indefinite-delivery/indefinite-quantity contracts represented $787M.

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Lockheed Gets $1.3B Upfront DoD Payment to Begin Lot 10 F-35 Production

The Defense Department has paid Lockheed Martin (NYSE: LMT) an upfront fee of $1.28 billion to bankroll the 10th batch of F-35 aircraft through a potential $7.19 billion “undefinitized” contract action by DoD, Bloomberg reported Wednesday. Anthony Capaccio writes DoD made the down payment to Lockheed as both parties work to definitize the …

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Defense News: Lockheed to Get $1B in DoD Reimbursement Funds for LRIP Lot 9 F-35s

Lockheed Martin (NYSE: LMT) will receive approximately $1 billion in additional funds from the Defense Department after DoD decided to reimburse the company for production costs incurred on lot 9 of the F-35 Lightning II aircraft, Defense News reported Thursday. Valerie Insinna writes the F-35 joint program office will obligate funds …

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General Atomics Lands Air Force Contract for France’s 2nd MQ-9 Reaper System

General Atomics will deliver more MQ-9 Reaper unmanned aerial vehicles under a $43.7 million sole-source contract from the U.S. Air Force as part of a foreign military sale agreement with France. The Defense Department said Tuesday the undefinitized contract action covers France’s second MQ-9 system. France previously placed a potential $1.5 billion …

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