Seacube Leasing International, Inc.

Seacube Leasing International, Inc., a foreign-owned for-profit corporation headquartered in Montvale, New Jersey, delivers container leasing and intermodal equipment transportation services to the Department of Defense as a prime contractor on multiple federal vehicles, competing under full-and-open procurement with no set-aside designations. The company holds a $1.77 billion ceiling Indefinite Delivery Contract (HTC71119DR008, awarded September 1, 2024, through February 28, 2030) as the primary vehicle through which the Surface Deployment and Distribution Command issues firm fixed-price delivery orders for 20-foot and 40-foot dry ISO containers, ammunition containers, and chassis with integrated delivery and redelivery across Department of Defense supply chain operations globally.

Seacube's federal portfolio centers narrowly on military intermodal equipment leasing. Recent representative work includes a $2.19 billion delivery order for 562 twenty-foot ammunition containers to Guam (September 2024), a $1.15 million container leasing order at Santa Rita-Sumai, Guam (December 2025), and a $1.01 million transportation and leasing services order for Chambersburg, Pennsylvania (December 2025). Work spans CONUS, OCONUS, and hostile areas, with performance locations across Europe (Spain, Sweden, Germany, Poland, Ukraine), the Middle East (Saudi Arabia, Jordan, Kuwait), Asia-Pacific (Japan, South Korea, Guam, Micronesia), and domestic military installations (Fort Knox, McAlester, Honolulu, Cheyenne Mountain Air Force Base, and numerous others). All recent delivery orders use firm fixed-price pricing and carry no set-aside designation, reflecting full competition under the master IDIQ.

Customer concentration is extreme and poses material business risk. The Surface Deployment and Distribution Command (SDDC), a component of the Army Materiel Command, accounts for 948 of 964 total awards (98% by count) and $1.89 billion of $1.99 billion combined potential value (95% by dollars). The remaining customer base—United States Transportation Command (2 awards, $97.5 million), Communications Electronics Command (13 awards, $3.6 million), and the Air Force (1 award, $22 thousand)—represents negligible diversification. The top two parent vehicles are HTC71119DR008 (751 task orders, $102.4 million combined potential value) and the Intermodal Equipment Leasing and Transportation Services Master Lease Contract II (211 task orders, $18.9 million). The portfolio reflects 964 prime awards with zero sub-award activity; Seacube operates as a direct prime on all engagements with no visible teaming relationships.

Activity has declined materially. Award volume dropped from 208 orders in 2022 and 216 in 2023 to 131 in 2024, 110 in 2025, and 65 through August 2026. Combined obligated dollars across all awards total $121.1 million, representing only 6 percent of $1.99 billion combined potential value—a signal that most delivery orders carry ceiling values but trigger partial or deferred performance. Fifty-one awards (combined potential value $8 million) face ultimate completion within the next twenty-four months, creating recompete risk concentrated across a single customer and a narrow capability set. The portfolio's award history spans from January 2019 to August 2026, establishing Seacube as an established logistics partner within SDDC's supply chain operations, but the sharp decline in annual order volume and extreme customer concentration expose the vendor to single-customer dependency and recompete cliff exposure if SDDC competition or consolidation occurs.