Titanium strategic buffer
Ended Indefinite Delivery Contract Awarded Last action
- Contract number
- SP800023D0002
- Awardee
-
Titanium Metals Corp UEI JLTMS5197CE9 Part of Berkshire Hathaway Inc.
- Awarding agency
-
Strategic Materials
Defense Logistics Agency, Department of Defense
- Task orders
- 3 $1,694,000 obligated
Award facts
- Opportunity
-
- Titanium Strategic Buffer Solicitation · SP800023R0009 · Posted Jul 27, 2023
- Combined order value
- $1,694,000 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 85% used
- $2,000,000.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- NAICS code
- 541614 Process, Physical Distribution, and Logistics Consulting Services
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
About this IDV
The Defense Logistics Agency (DLA) Strategic Materials awarded a single-award, indefinite-delivery/indefinite-quantity (IDIQ) contract to Titanium Metals Corporation (Timet) on September 27, 2023, with a ceiling value of $2,000,000 and an ultimate completion date of September 26, 2026. This contract supports the DLA J74 Warstopper Program and establishes a titanium strategic buffer stock to reduce lead times for Department of Defense weapon system sustainment and manufacturing programs. Timet, a subsidiary of Precision Castparts Corp and owned by Berkshire Hathaway, serves as the prime contractor and will provide storage, rotation, and maintenance of intermediate titanium inventory in various forms including billet, sheet, round, and plate. The contract is not set aside for any specific business category and is performed at Timet's facility in Toronto, Ohio.
Under this IDIQ contract, two firm-fixed-price delivery orders have been issued to date. The first delivery order, awarded September 29, 2023, for $527,000 requires storage and rotation of intermediate titanium buffer stock through September 28, 2024. The second delivery order, awarded August 30, 2024, for $563,800 continues storage and rotation services for the titanium strategic buffer stock with completion targeted for September 28, 2025. Both delivery orders are performed in Toronto, Ohio and support the government's objective of maintaining strategic metal inventories to enhance manufacturing responsiveness and reduce procurement lead times for defense-critical applications. Timet's scope includes implementing quality control measures and stock rotation plans to ensure material availability and usability for Department of Defense manufacturing and sustainment operations.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| Titanium strategic buffer to 2 | Strategic Materials (DLA) | $603,200 | |
| Titanium strategic buffer | Strategic Materials (DLA) | $563,800 | |
| Titanium buffer stock | Strategic Materials (DLA) | $527,000 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract SP800023D0002?
SP800023D0002 was awarded to Titanium Metals Corp by Strategic Materials (Defense Logistics Agency) on September 27, 2023.
How much is contract SP800023D0002 worth?
Orders under SP800023D0002 have obligated $1,694,000. SP800023D0002's own ceiling is $2,000,000.
How many orders have been placed under contract SP800023D0002?
3 orders have been placed under SP800023D0002, the latest on September 2, 2025.
Who can order from contract SP800023D0002?
SP800023D0002 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract SP800023D0002 competed?
The extent of competition for SP800023D0002 was full and open competition. The government received 1 offer.
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