LIFE RAFT, INFLATABL

Contract SPE8E523P1142 was awarded by the Defense Logistics Agency to Patten Co., Inc. for the procurement of inflatable life rafts and associated testing services, including production lot testing and first article tests. While the original total contract value was 639,100.00 dollars, the agreement underwent a significant modification via Standard Form 30, P00005. This modification, signed on August 25, 2024, effectively cancelled the contract through government action, resulting in a termination for convenience. As a result, the primary line items for the life rafts and testing were terminated, and a new line item was added for termination settlement costs. The final total contract price was reduced to 93,259.34 dollars, which represents the authorized settlement amount the contractor is permitted to invoice.