The U.S. Mint, a civilian agency under the Department of the Treasury, awarded Leachgarner, Inc., a subsidiary of Berkshire Hathaway, a $150 million single-award Indefinite Delivery Contract (IDC) to fabricate a variety of precious metal blanks used in the production of circulating coins, commemorative coins, and other numismatic products. Under this IDC, the Mint has issued multiple firm fixed-price delivery orders to Leachgarner for the supply of gold, silver, and other alloy blanks in various sizes and purities, including 24-karat 1 oz. gold blanks, 22-karat 1/2 oz. and 1/4 oz. gold blanks, 1 oz. silver blanks, and proof silver blanks for 10-cent and 25-cent denominations. The contract awards, which do not utilize any set-aside designations, range from $8,500 to over $8 million and require Leachgarner to perform the work at its South Attleboro, Massachusetts facility. This IDC and the associated delivery orders highlight Leachgarner's critical role as a key supplier of precious metal raw materials for the U.S. Mint's coin production operations.
Berkshire Hathaway, the parent company of Leachgarner, is a diversified conglomerate with extensive involvement in federal contracting, including the supply of aerospace components, electronic parts, and specialized manufacturing services to various government agencies. Through its subsidiaries, Berkshire Hathaway holds several other significant Indefinite Delivery Vehicles (IDVs) with federal agencies, such as a $500,000 Blanket Purchase Agreement with the Department of the Air Force for AW-139 helicopter training and a $1.07 million IDIQ contract with the Defense Logistics Agency for titanium strategic buffer stock. These IDVs further demonstrate Berkshire Hathaway's broad capabilities and its ability to meet the diverse procurement needs of the federal government.
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