WASHER, FLAT
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Contract SPE4AX20D9403 is a federal award issued by the Defense Logistics Agency Aviation to Derco Aerospace, Inc., a Lockheed Martin company, with an initial total contract price of $60,000,000.00 awarded on November 20, 2019. The contract focuses on the procurement of various aviation components, including flat washers and other National Stock Number items, utilizing a Supplier-Initiated Ordering (SIO) model. The agreement includes an option period effective from April 20, 2022, through April 19, 2027, with an estimated value for the first option period of $26,405,126.91. The contract has undergone extensive modifications to manage pricing redeterminations, technical specifications, and compliance requirements. Key administrative updates include the incorporation of FAR and DFARS clauses regarding telecommunications prohibitions, NIST cybersecurity assessments, and the prohibition of ByteDance covered applications. Performance is monitored through a system of incentives and disincentives based on material availability and inventory turns, with several final incentive payments issued for various periods of performance. Throughout the contract lifecycle, numerous CLINs and NIINs have been added, removed, or price-adjusted due to obsolescence, competitive shifts, or quality standard failures.
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