The U.S. Defense Logistics Agency (DLA) Strategic Materials awarded a $527,000 firm fixed-price delivery order to Titanium Metals Corporation (Timet) to store and rotate intermediate titanium billet, sheet, round, and plate forms in support of various DLA and Department of Defense (DoD) manufacturing programs. This delivery order was issued against a single-award indefinite-delivery/indefinite-quantity (IDIQ) contract with a maximum value of $1,069,860 that Timet was awarded by DLA Strategic Materials in September 2023 to establish a titanium strategic buffer stock. No set-asides were used for these awards. Timet is a subsidiary of Precision Castparts Corp, a leading producer of complex metal components and products serving the aerospace, power, and general industrial markets, and has received prior prime contract awards and subcontracts from DLA Strategic Materials and major defense contractors.
Generated 10/21/24, 9:38 AM