Kone Inc.

Kone Inc., a foreign-owned manufacturer headquartered in Moline, Illinois, operates as a prime contractor (99% of awards) delivering elevator and escalator maintenance, repair, modernization, and emergency services to federal agencies nationwide on a full-and-open competitive basis with no socioeconomic set-asides. The company competes across NAICS 238290 (Other Building Equipment Contractors) and PSC codes J059 (Equipment Maintenance/Repair) and J154 (Freight Elevators), serving 173 distinct federal customer agencies with a portfolio spanning 2,814 prime awards and 28 sub-awards.

Kone's customer concentration is dispersed across multiple GSA regions and civilian agencies. The top five customers by award count—GSA Public Buildings Service Region 5 (187 awards, $33.6 million combined potential value), GSA Public Buildings Service broadly (139 awards, $12.1 million), Department of Veterans Affairs (110 awards, $675 thousand), Navy Installations Command (96 awards, $20.5 million), and Federal Detention Center Miami (87 awards, $1.9 million)—account for 22% of all awards. By potential value, however, the ranking shifts: GSA Region 8 leads with 45 awards and $46.5 million, followed by Region 5, Region 6 ($33.5 million across 38 awards), VA VISN 1 ($24.6 million across 48 awards), and Navy Installations Command. This divergence reflects Kone's portfolio of large-dollar modernization projects alongside high-volume smaller maintenance and emergency repair orders across federal real estate and medical facilities.

Kone holds substantial vehicle positions anchoring its federal work. The GSA Multiple Award Schedule (MAS) is the largest vehicle by task order count (907 orders, $127.9 million combined potential value), serving as the foundational contracting mechanism across civilian agencies. Single-award IDIQs with specific agencies and regions include a $20 million multi-regional elevator operations and maintenance contract with GSA Region 8 (October 1, 2022, through March 31, 2027); a $7.33 million Department of Defense Southwest Region IDV for Rock Island Arsenal elevator services (November 1, 2024, through October 31, 2029); a $3.56 million Naval Facilities Engineering Command contract for Naval Submarine Base New London, Connecticut (February 1, 2026, through January 31, 2031); a $2.12 million GSA IDV for Rosa Parks Federal Building, Detroit (April 1, 2025, through March 31, 2027); a $1.84 million GSA Region 5 IDV covering multiple Detroit-area courthouses and Port Huron (July 1, 2024, through June 30, 2027); a $1.54 million Bureau of Reclamation BPA for multi-site elevator and escalator repair across five years (August 24, 2023, through September 30, 2028); and a $1.4 million VISN 15 IDV for Leavenworth and Topeka VA Medical Centers (November 1, 2024, through October 31, 2029). The Indefinite Delivery Contract GS06P11GXD0056 (116 task orders, $20.5 million) and GS06P96GXC0143 (91 task orders, $3.9 million) represent additional significant GSA vehicles. Across these vehicles, Kone delivers preventive maintenance, emergency repair, modernization (including major projects like the $2.7 million Wallace F. Bennett Federal Building elevator remodel in Salt Lake City and the $3.56 million James L. King Federal Building modernization in Miami), load testing, and facility-wide maintenance agreements.

Recent activity shows variable momentum. Annual award counts declined from 89 in 2024 to 48 in 2025 and 32 year-to-date in 2026, reflecting the snapshot nature of the source data (dated October 15, 2026). The recompete cliff carries material exposure: 36 awards (combined potential value $35 million) reach ultimate completion within the next twenty-four months, representing significant recompete opportunity for competitors and contingent revenue for Kone if options are exercised and renewals awarded.

SCI-reported invoiced revenue totaled $16.7 million across FY2022–FY2025, with FY2024 marking peak activity at $6.1 million across 48.4 FTEs. FY2025 invoicing declined to $5.6 million across 37.6 FTEs, consistent with lower award volume in the current year. Kone self-performs all reported labor (0% sub-hours share on SCI prime contracts); government-paid hourly rates derived from SCI data ranged from a median of $278.21 per hour to senior-labor rates around $669.60 per hour at the 90th percentile. Sub-award activity is minimal (1% of all awards), with named sub-contracts involving elevator maintenance under primes including Valiant Government Services (Fort Bliss Army Medical Center elevator services), M.c. Dean (site elevator maintenance at Fort Shafter, Hawaii and preventative maintenance), CMI Management (consolidated facilities elevator maintenance), and Central Plateau Cleanup Company (Hanford third-party elevator maintenance). Kone also appears as a sub-contractor on Department of Energy Waste Isolation Pilot Plant (WIPP) contracts for scheduled elevator inspection, maintenance, repair, and upgrade services.

Kone's federal footprint centers on civilian infrastructure maintenance across GSA-managed federal buildings, courthouses, and detention facilities; VA medical centers; Navy installations; Army Corps of Engineers sites; and interior and parks facilities. The company competes without set-aside protection, positioning it as a full-and-open competitor in a market where elevator and escalator infrastructure support remains a recurring federal need. With 589.7 million dollars in combined potential value across the visible award portfolio and documented experience managing multi-year IDVs and BPAs, Kone operates as an established elevator-and-escalator specialist in the federal contracting ecosystem.