This federal contract award was issued by the Defense Logistics Agency (DLA) Energy to HD Hyundai Oilbank Co., LTD, a South Korean-based, foreign-owned, for-profit organization. The $833,393.09 fixed-price delivery order with economic price adjustment is for the provision of aviation turbine fuel, specifically Jet Propulsion Fuel types 5 and 8 (JP5, JP8), to U.S. military installations and vessels in the Western Pacific and Middle East regions. This contract is not set aside for any specific business categories.
HD Hyundai Oilbank holds several significant Indefinite Delivery Contracts (IDVs) with DLA Energy, including the WESTPAC (Western Pacific) and FEB (Far East Bulk) programs, which allow for the issuance of multiple fixed-price delivery orders for petroleum products. The most recent IDV, awarded in November 2023, has a ceiling value of $25,117,187.45 and runs through December 31, 2024. These high-value, single-award IDVs underline HD Hyundai Oilbank's reliability and strategic importance as a key energy supplier to the U.S. Department of Defense.
Generated 2/25/25, 10:21 AM