The federal aviation administration FAA office of security and hazardous materials safety ASH, aviation insurance claims program AIC is responsible for providing hull, comprehensive, and liability…
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 693KA924D00001
- Awardee
-
Global Aerospace, Inc. UEI KG2LKYC1AL91
- Awarding agency
-
Headquarters
Federal Aviation Administration, Department of Transportation
- Task orders
- 3 $100,220 obligated
Award facts
- Combined order value
-
- $100,220 Current, with exercised options
- $52,868,754 Potential, with all options
- Last date to order 22% complete
- IDV ceiling <1% used
- $530,692,605.66
- Award type
- Single award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 524291 Claims Adjusting
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
Award details come from SAM.gov/FPDS.
About this IDV
The Federal Aviation Administration awarded a single-award indefinite-delivery contract to Global Aerospace, Inc. with a ceiling of $530.7 million on May 13, 2024. The contract carries no set-aside designation and runs through May 31, 2035.
Global Aerospace provides hull, comprehensive, and liability insurance services and claims administration to the FAA's Office of Security and Hazardous Materials Safety, Aviation Insurance Claims Program. Work is performed in Washington, D.C. and Morris Plains, New Jersey.
The contract is classified under NAICS 524298 (All Other Insurance Related Activities) and PSC code D399 (Social-Government Insurance Programs: Other). The FAA has issued three delivery orders under this vehicle since the May 2024 award: a May 2024 $35,000 delivery order for Aviation Insurance Program support; a March 2025 $33,350 delivery order for claims administration and risk management under CLINs 1001–1005; and an April 2026 $52.8 million delivery order for hull, comprehensive, and liability insurance services extending through May 31, 2027. All delivery orders are firm fixed-price awards with no set-aside designation.
Global Aerospace is a for-profit Subchapter S corporation based in Morris Plains, New Jersey and a subsidiary of Munich Reinsurance America Inc. The vendor holds incumbent status with the FAA, having maintained aviation insurance contracts since at least 2012.
Description
The federal aviation administration FAA office of security and hazardous materials safety ASH, aviation insurance claims program AIC is responsible for providing hull, comprehensive, and liability insurance.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| To provide hull, comprehensive, and liability insurance. | Headquarters (FAA) | $35,380 | |
| To award performance under clin 1001 - 1005 of the delivery order number in accordance with services areas a through… | Headquarters (FAA) | $33,350 | |
| FAA aviation insurance program | Headquarters (FAA) | $31,490 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 693KA924D00001?
693KA924D00001 was awarded to Global Aerospace, Inc. by Headquarters (Federal Aviation Administration) on May 13, 2024.
How much is contract 693KA924D00001 worth?
Orders under 693KA924D00001 have obligated $100,220. Their combined potential value, with all options, is $52,868,754. 693KA924D00001's own ceiling is $530,692,606.
How many orders have been placed under contract 693KA924D00001?
3 orders have been placed under 693KA924D00001, the latest on April 24, 2026.
Who can order from contract 693KA924D00001?
693KA924D00001 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 693KA924D00001 competed?
The extent of competition for 693KA924D00001 was not competed. The government received 1 offer.
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