Ipeco Inc.

Ipeco Inc., a foreign-owned manufacturer of aircraft crew seating and interior components, operates as a prime contractor supplying the federal government with aircraft seats, seat parts, repairs, and related spare components across Coast Guard, Navy, and Air Force platforms. The company is a subsidiary of UK-based Ipeco Holdings Limited and competes on unrestricted (full-and-open) federal procurements without set-aside designations, although one historical Coast Guard award carried a Total Small Business set-aside.

Ipeco Inc.'s customer concentration is extreme and represents material recompete risk. The Department of Homeland Security's U.S. Coast Guard accounts for 117 of 142 prime awards (86% of the source-visible prime footprint) and $1.6 million of the $2.5 million combined potential value across all prime work. This dominance reflects the company's status as the original equipment manufacturer and sole authorized repair facility for aircraft crew seating systems on the Coast Guard's HC-144 and HC-27J maritime patrol and search-and-rescue aircraft. Recent Coast Guard work includes a $54.7 thousand firm fixed-price purchase order awarded February 24, 2026, for procurement of 67 units of spare seat parts (covers, cushions, springs, cable assemblies) for HC-144 maintenance, a $47.2 thousand repair order issued February 10, 2026, for copilot and pilot seats, and a $68.1 thousand sole-source purchase of three base and turntable assemblies for HC-144 aircraft awarded July 24, 2025, under a class determination for nonavailability articles. The second-largest customer is the Department of the Navy Naval Supply Systems Command, holding only two awards worth $415 thousand combined, illustrating the narrowness of the customer base. The Department of the Air Force Materiel Command accounts for 27 awards under an Air Force Indefinite Delivery Contract (FA852621D0001) with 27 task orders, but this vehicle carries no stated potential value in the source and the awards are not explicitly detailed, creating visibility gaps on that program.

Ipeco's prime work operates under sole-source, competitive unrestricted, and simplified acquisition procedures designations without set-asides. The majority of Coast Guard awards invoke FAR 25.103(b)(1) class determinations for nonavailability articles or Buy American Act exceptions, positioning Ipeco as the sole qualified source due to proprietary technical data and OEM status. One historical January 20, 2023, award for cushions carried a Total Small Business set-aside ($22.3 thousand), suggesting occasional eligibility, but set-asides are not characteristic across the prime footprint.

Ipeco's primary capability footprint centers on aircraft crew seating components and assemblies, with secondary exposure to repair and overhaul services. NAICS concentration is sharp: 117 of 142 prime awards fall under "Other Aircraft Parts and Auxiliary Equipment Manufacturing," with secondary clusters in "Aircraft Manufacturing" (28 awards) and "Motor Vehicle Seating and Interior Trim Manufacturing" (11 awards). PSC data show 75 prime awards under "Miscellaneous Aircraft Accessories And Components" and 12 under "Airframe Structural Components."

Ipeco subcontracts as an interior supplier under The Boeing Company for C-17 Globemaster III total sustainment, minor development, and contractor logistics support work on the C-32/C-40 aircraft fleets. The source lists 31 Boeing sub-awards dating from June 2024 through January 2026, all designated as "Interiors-BFE/SFE" (Buyer Furnished Equipment / Seller Furnished Equipment) supplier roles. Additional sub work includes a Lockheed Martin materials and headrest spares support sub-award from April 2024. Across the sub footprint, Ipeco delivers aircraft seating and interior component parts and assemblies to support military aircraft fleets.

Activity has accelerated sharply: five awards in 2022 and 2023 combined, eight in 2024, and 34 in 2025, with five awarded year-to-date in 2026. However, the source carries visibility constraints; the Air Force Materiel Command vehicle (27 task orders) and several other awards lack explicit dollar magnitudes, suggesting the source may understate total transacted value. The combined dollars obligated across all awards ($5.1 million) exceeds combined potential value ($2.5 million) by 204%, indicating completed work and contract modifications that have driven invoicing beyond initial ceiling values.

Recompete exposure in the next twenty-four months is negligible: only one award with ultimate completion in that window carries $55 thousand potential value. Ipeco's main recompete risk centers on renewal of the Air Force Materiel Command IDC (FA852621D0001), which anchors 27 task orders but carries no disclosed value in the source.