The U.S. Army's Program Executive Office for Ammunition (PEO Ammunition) awarded an Indefinite Delivery Contract (IDC) valued at $11,637,026.67 to Innovative Technologies International, Inc. (doing business as Novatech), a small disadvantaged business. The contract is for the manufacture and delivery of MK84 conical fin assemblies (NSN: 1325-00-009-5573) over a period ending in October 2029.
The initial $3,767,955.82 delivery order was issued on October 29, 2024 with a fixed price and economic price adjustment pricing structure. The original solicitation, which was not set aside, sought proposals for these critical ordnance components from the small business community. Novatech, as the sole awardee, will manufacture the fin assemblies at its facility in Lynchburg, Virginia. This contract award builds on Novatech's prior experience producing similar hardware for the Army, as well as the company's expertise in advanced materials and nuclear energy research supported by various federal grants.
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