- Caterpillar ( NYSE: CAT ) has been awarded a maximum $1.28B fixed-price with economic-price-adjustment, indefinite-delivery requirements type contract for construction equipment.
- This was a competitive acquisition with three responses received.
- This is a five-year contract with no option periods.
- Other contracts are expected to be awarded under this solicitation and awardees will compete for a portion of the maximum dollar value.
- The ordering period end date is October 27, 2027.
- Using military services are Army, Navy, Air Force and Marine Corps.
- Type of appropriation is fiscal 2023 through 2028 defense working capital funds.
- The contracting activity is the Defense Logistics Agency.
For further details see:
Caterpillar secures $1.28B Defense Logistics Agency contract