Turbine fuel, aviation
Ended Awarded
- Contract number
- SPE60224FY779
- Awardee
-
HD Hyundai Oilbank Co., LTD UEI NH2NJE88L916
- Awarding agency
-
Energy
Defense Logistics Agency, Department of Defense
- Obligated
- $2,047,296
Award facts
- Contract value 100% obligated
- $2,047,296.06 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 324110 Petroleum Refineries
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Fixed Price with Economic Price Adjustment
- Place of performance
- South Korea
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Modification | $2,024,725 | |
| Other Administrative Action | $22,571 |
About this award
This federal contract award, SPE60223D0451|SPE60224FY779, was issued by the Defense Logistics Agency (DLA) Energy to HD Hyundai Oilbank Co., LTD's Special Product Business Team Division, a South Korean-based foreign-owned for-profit organization. The contract, valued at $2,047,296.06, is for the delivery of Aviation Turbine Fuel, including Jet Propulsion Fuel types 5 and 8 (JP5, JP8), Aviation Gasoline, and Naval Distillate F76, to support U.S. Department of Defense operations in the Western Pacific and Middle East regions. The contract is a Delivery Order with a Fixed Price with Economic Price Adjustment pricing type and has an ultimate completion date of March 20, 2024. This award is not set aside and is part of HD Hyundai Oilbank's larger Indefinite Delivery Contract (IDC) valued at $25,117,187.45, which runs through December 31, 2024 under the WESTPAC (Western Pacific) and FEB (Far East Bulk) programs, highlighting the company's strategic importance as a key energy supplier to the U.S. military in the region.
Quick answers
Who was awarded contract SPE60224FY779?
SPE60224FY779 was awarded to HD Hyundai Oilbank Co., LTD by Energy (Defense Logistics Agency) on February 5, 2024.
How much is contract SPE60224FY779 worth?
The government has obligated $2,047,296 on SPE60224FY779.
Is contract SPE60224FY779 an order under another contract?
Yes. SPE60224FY779 is a delivery order under SPE60223D0451, an indefinite delivery contract.
Was contract SPE60224FY779 competed?
The extent of competition for SPE60224FY779 was full and open competition.
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