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Department of Transportation Awarded a Contract to GLOBAL AEROSPACE, INC for $530,692,605.66

Signed on

5/13/2024, 12:00 AM

GLOBAL AEROSPACE, INC Government Contract #693KA924D00001

GLOBAL AEROSPACE, INC was awarded a contract with the United States Government for $530,692,605.66. The contract was awarded by the agency office 693KA9 CONTRACTING FOR SERVICES, which is a division with the Federal Aviation Administration within the Department of Transportation.

Summary of Award

The recipient of the federal contract is Global Aerospace, Inc, a U.S.-owned business based in Morris Plains, New Jersey, providing hull, comprehensive, and liability insurance services. The contract, funded by the Department of Transportation through the Federal Aviation Administration, is for the Aviation Insurance Claims Program and is valued at $530,692,605.66. The contract involves a single award with no competition, and notable transactions include four modifications with no financial transactions recorded.

Contract Details

Contract ID693KA924D00001
Contract TypeIDV_B_B
Total Obligation$0.00
Exercised Options
Base Amount + Options$530,692,605.66
Date Signed2024-05-13
Contract DescriptionTHE FEDERAL AVIATION ADMINISTRATION FAA OFFICE OF SECURITY AND HAZARDOUS MATERIALS SAFETY ASH, AVIATION INSURANCE CLAIMS PROGRAM AIC IS RESPONSIBLE FOR PROVIDING HULL, COMPREHENSIVE, AND LIABILITY INSURANCE.
Start Date2024-05-13
End Date2035-05-31

Agency Details

Awarding AgencyDepartment of Transportation
Awarding Sub AgencyFederal Aviation Administration
Awarding Office693KA9 CONTRACTING FOR SERVICES
Funding AgencyDepartment of Transportation
Funding Sub AgencyFederal Aviation Administration
Funding OfficeFAA

Recipient Details

RecipientGLOBAL AEROSPACE, INC
Recipient Location115 TABOR RD STE 3A MORRIS PLAINS NEW JERSEY, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00003 | $0.00April 24, 2026

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00March 26, 2025

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $0.00May 14, 2024

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $0.00May 13, 2024

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $0.00July 20, 2026

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003 | $0.00April 24, 2026

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00March 26, 2025

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $0.00May 14, 2024

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $0.00May 13, 2024

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to GLOBAL AEROSPACE, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.