📋 Tender Overview
announced today that Sparton De Leon Springs LLC a subsidiary of Elbit Systems of America LLC together with two other companies were awarded an estimated aggregate joint ceiling of 5.1 billion for firm-fixed-price modifications to a previously awarded indefinite-deliveryindefinite-quantity IDIQ contract to supply sonobuoy capabilities to the U.S. Navy. According to the U.S Department of Defense no funds were obligated at the time of award. The companies have an opportunity to compete for individual orders and funds will be obligated on individual orders as they are issued.It is clarified that the aforementioned IDIQ is a frame agreement with a joint potential maximum ceiling for all three qualified companies. There is no certainty as to the value or timing of orders to be issued under the IDIQ or any allocation between the companies.
