To provide hull, comprehensive, and liability insurance.
Active Awarded Last action
- Contract number
- 693KA926F00066
- Awardee
-
Global Aerospace, Inc. UEI KG2LKYC1AL91
- Awarding agency
-
Headquarters
Federal Aviation Administration, Department of Transportation
- Obligated
- $35,380
Award facts
- Contract value <1% obligated
-
- $35,380.00 Current, with exercised options
- $52,800,404.35 Potential, with all options
- Completion date 49% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 524291 Claims Adjusting
- Set-aside
- No set-aside
- Competition
- Not Competed Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20591, USA
Award details come from SAM.gov/FPDS.
About this award
Global Aerospace, Inc., a Morris Plains, New Jersey-based aviation insurance and risk management firm, was awarded a delivery order valued at $52.8M on April 24, 2026, to provide hull, comprehensive, and liability insurance services to a civilian federal agency. This firm fixed-price delivery order, which extends through May 31, 2027, carries no set-aside designation and represents work to be performed in Washington, DC. The award is issued under Global Aerospace's existing Indefinite Delivery Contract (IDC) with the Department of Transportation's Federal Aviation Administration, contract number 693KA924D00001, which has a total ceiling value of $530.7M and runs through May 31, 2035.
Global Aerospace has established itself as a primary insurance services provider to the FAA's Aviation Insurance Claims Program, consistently receiving prime contractor status across multiple delivery orders. The company specializes in delivering comprehensive insurance coverage and claims administration solutions specifically tailored to federal aviation operations and safety initiatives. This delivery order represents a significant engagement under the IDC vehicle and demonstrates the FAA's continued reliance on Global Aerospace's specialized capabilities to manage the federal government's aviation risk insurance portfolio.
Quick answers
Who was awarded contract 693KA926F00066?
693KA926F00066 was awarded to Global Aerospace, Inc. by Headquarters (Federal Aviation Administration) on April 24, 2026.
How much is contract 693KA926F00066 worth?
The government has obligated $35,380 on 693KA926F00066. Its potential value, with all options, is $52,800,404.
Is contract 693KA926F00066 an order under another contract?
Yes. 693KA926F00066 is a delivery order under 693KA924D00001, an indefinite delivery contract.
Was contract 693KA926F00066 competed?
The extent of competition for 693KA926F00066 was not competed.
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