Puget Sound Inflatables, Inc.

Puget Sound Inflatables, Inc., operating its Psi Survival Division from Seattle, Washington, manufactures and services marine and aviation survival equipment for federal maritime and naval customers as a prime contractor (99% of awards), competing predominantly under total small business set-asides. The company is a for-profit Subchapter S corporation and, as of its most recent BPA award in September 2026, holds a Women-Owned Small Business designation. Puget Sound Inflatables specializes in life raft inspection, repair, and certification; immersion suit maintenance and certification; personal locator beacon servicing; and related maritime safety equipment support, with primary NAICS and PSC concentration in ship and marine equipment maintenance and marine lifesaving equipment.

Customer concentration is heavily weighted toward maritime and naval agencies. The top five funding organizations by both award count and combined potential value account for 85% of all awards: the Department of Commerce's National Oceanic and Atmospheric Administration leads by dollars ($458 thousand across 28 awards), followed by the Department of the Navy's Naval Sea Systems Command ($391 thousand across 25 awards), Naval Installations Command ($361 thousand across 22 awards), and Military Sealift Command ($161 thousand across 7 awards), with the Department of Homeland Security's U.S. Coast Guard placing the most individual orders (45 awards, $134 thousand). NOAA and Navy dominance by potential value reflects the company's core market: fisheries observer support, fleet readiness, and naval base maritime safety operations.

Puget Sound Inflatables operates primarily through small-purchase orders and blanket purchase agreements rather than large IDIQs. The vendor holds a single-award BPA with NOAA (awarded September 21, 2026, $75 thousand ceiling, running through September 2031) for inspection, repair, and certification of Stearns, Imperial, Mustang, and KENT brand immersion suits supporting the Alaska Fisheries Science Center. The company also executes work under the Navy's Indefinite Delivery Contract N0040610D1030 (21 task orders, $72 thousand combined potential value). Representative recent awards include a $1,875 BPA call from NOAA for 50 immersion suits (September 2026), a $17,625 purchase order from NOAA Fisheries for ResqLink 400 personal locator beacon battery replacement and servicing (June 2026), a $22,500 purchase order from NOAA's Alaska Fisheries Science Center for PLB battery replacement for up to 150 units (June 2025), and a $30,582 life raft inspection order from Naval Sea Systems Command at Naval Undersea Warfare Center Division Keyport (October 2023).

Activity has been sparse in recent years—five awards in 2021, declining to one or two annually through 2023, with three awards each in 2025 and 2026—reflecting the transactional, small-order nature of the vendor's customer base. Combined potential value across all 149 awards dating to 1991 totals $1.9 million, with $1.6 million obligated (89% of potential value), indicating steady execution of awarded work. Only two awards reach ultimate completion within the next twenty-four months, carrying combined potential value of $20 thousand, representing minimal near-term recompete exposure. Puget Sound Inflatables subcontracts minimally—one award, a life raft inspection sub task under BAE Systems Technology Solutions & Services on the Instrumentation Range Support Program III (September 2025)—and operates primarily as a direct-to-customer small-business supplier rather than as a teaming subcontractor to larger primes.