2027 mega rideshare mission. Sbir phase III.
Active Other Transaction Agreement Awarded Last action
- Contract number
- FA24012590017
- Awardee
-
K2 Space Corporation UEI ZXRFDXLXU575
- Awarding agency
-
Air Force
Department of Defense
- Obligated
- $27,000,000
Award facts
- Contract value 44% obligated
-
- $46,000,000.00 Current, with exercised options
- $61,000,000.00 Potential, with all options
- Completion date 24% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Space and Missile Systems Center Air Force Space Command, Department of Defense
- NAICS code
- Not on record
- Competition
- Not Competed Only One Source
- Pricing
- Other
- Place of performance
- Torrance, CA 90501, USA
- Defense program
- Defense Support Program Satellite System
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $12,000,000 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $14,000,000 | |
| Original award | $1,000,000 |
About this award
The Space and Missile Systems Center awarded an Other Transaction Agreement to K2 Space Corporation, a small business, for $61 million on September 26, 2025, to support the 2027 Mega Rideshare Mission under the SBIR Phase III program. This OTA sits outside the FAR and operates under a statutory authority distinct from traditional federal procurement.
The agreement funds development of mega-class satellite buses and supporting subsystems for the Defense Support Program Satellite System, a Major Defense Acquisition Program operating under the Major Capability Acquisition pathway. Work includes satellite platform design, payload integration, and orbital logistics capabilities. Performance extends through March 28, 2030, and takes place in Torrance, California.
K2 Space Corporation specializes in advanced space technologies and satellite systems. The company has received multiple prior SBIR Phase I and Phase II awards from the Air Force Research Laboratory and holds small business designations on the majority of its federal contract portfolio.
Quick answers
Who was awarded contract FA24012590017?
FA24012590017 was awarded to K2 Space Corporation by Air Force (Department of Defense) on September 26, 2025.
How much is contract FA24012590017 worth?
The government has obligated $27,000,000 on FA24012590017. Its current value, with exercised options, is $46,000,000. Its potential value, with all options, is $61,000,000.
Which agency awarded contract FA24012590017?
Air Force (Department of Defense) awarded FA24012590017, with funding from Space and Missile Systems Center (Air Force Space Command).
Was contract FA24012590017 competed?
The extent of competition for FA24012590017 was not competed.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award