Federal award (DEFINITIVE CONTRACT, fiscal year 2022)
Recipient: GENERAL ELECTRIC COMPANY
Awarding agency: Department of Defense / Department of the Navy
Funding agency: Department of Defense / Department of the Navy
Period of performance: 2018-07-30 to 2024-12-16
Current total value of award: $833800020
Description: THE PURPOSE OF THIS MODIFICATION IS TO SPLIT OPTION ITEM 0403AA, USN F414 DEVICE ASSEMBLY, AND OPTION ITEM 0404AA, USN LOT 27 F414 K SEAL, INTO SEPARATE LINE ITEMS. BOTH OPTION ITEMS 0403AA AND 0404AA WERE ORIGINALLY NEGOTIATED FOR A QUANTITY OF 24. THIS MODIFICATION WILL REDUCE THE QUANTITIES FOR OPTION ITEMS 0403AA AND 0404AA TO 16 AND ESTABLISH NEW LINE ITEMS (0403AB AND 0404AB) FOR THE REMAINING QUANTITY OF 8 F414 DEVICES AND 8 F414 K-SEALS. IN ACCORDANCE WITH FAR 52.217-7, OPTION FOR INCREASED QUANTITY SEPARATELY PRICED LINE ITEM (MAR 1998) (SHOWN IN FULL TEXT IN SECTION I OF THIS CONTRACT), THE OPTION EXERCISE PERIOD FOR NEW OPTION ITEMS 0403AB AND 0404AB SHALL CONCLUDE ON 1 NOVEMBER 2023. THIS MODIFICATION WILL EXERCISE OPTION ITEMS 0403AA AND 0404AA AT THEIR NEW QUANTITIES OF 16 F414 DEVICES AND 16 F414 K-SEALS. THIS MODIFICATION WILL UPDATE DFARS CLAUSE 252.211-7003 FOR IUID MARKINGS, ATTACHMENT 4, F414 UID STATEMENT OF WORK AND PARTS LIST, AND ATTACHMENT 23, RECLAMATION SETTLEMENT BALANCE, AS SHOWN IN SECTION J.