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Department of Transportation Awarded a Contract to MAGNETIC TECHNOLOGIES CORP for $22,965.00

Signed on

5/24/2023, 12:00 AM

MAGNETIC TECHNOLOGIES CORP Government Contract #6973GH23P02560

MAGNETIC TECHNOLOGIES CORP was awarded a contract with the United States Government for $22,965.00. The contract was awarded by the agency office 6973GH FRANCHISE ACQUISITION SVCS, which is a division with the Federal Aviation Administration within the Department of Transportation.

Summary of Award

The recipient of the federal contract is Magnetic Technologies Corp, a U.S.-owned business in Ogallala, Nebraska, specializing in electronic and precision equipment repair and maintenance. The contract, funded by the Department of Transportation's Federal Aviation Administration, is for assets supporting the NAS and amounts to $22,965. Notable transactions include an initial amount of $1,000 and a subsequent transaction of $21,965 on different dates.

Contract Details

Contract ID6973GH23P02560
Contract TypeB
Total Obligation$22,965.00
Exercised Options$22,965.00
Base Amount + Options$22,965.00
Date Signed2023-05-24
Contract DescriptionASSETS IN SUPPORT OF THE NAS
Start Date2023-05-24
End Date2023-07-21

Agency Details

Awarding AgencyDepartment of Transportation
Awarding Sub AgencyFederal Aviation Administration
Awarding Office6973GH FRANCHISE ACQUISITION SVCS
Funding AgencyDepartment of Transportation
Funding Sub AgencyFederal Aviation Administration
Funding OfficeFAA

Recipient Details

RecipientMAGNETIC TECHNOLOGIES CORP
Recipient Location601 W 1ST ST OGALLALA NEBRASKA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00002$0.00June 24, 2025

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to MAGNETIC TECHNOLOGIES CORP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001$21,965.00August 19, 2024

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $21,965.00 to MAGNETIC TECHNOLOGIES CORP. The payment included a Subsidy Cost of $0.00.

Transaction #0$1,000.00May 24, 2023

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $1,000.00 to MAGNETIC TECHNOLOGIES CORP. The payment included a Subsidy Cost of $0.00.