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Department of Transportation Awarded a Contract to MAGNETIC TECHNOLOGIES CORP for $24,076.00

Signed on

12/30/2024, 12:00 AM

MAGNETIC TECHNOLOGIES CORP Government Contract #6973GH25P00932

MAGNETIC TECHNOLOGIES CORP was awarded a contract with the United States Government for $24,076.00. 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. The contract, funded by the Department of Transportation's Federal Aviation Administration, is for assets in support of the NAS and is valued at $24,076. Three transactions were noted, including one for $1,000 and another for the full contract amount of $23,076.

Contract Details

Contract ID6973GH25P00932
Contract TypeB
Total Obligation$24,076.00
Exercised Options$24,076.00
Base Amount + Options$24,076.00
Date Signed2024-12-30
Contract DescriptionASSETS IN SUPPORT OF THE NAS
Start Date2024-12-30
End Date2025-01-24

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 |Β $0.00May 27, 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 |Β $23,076.00January 16, 2025

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $23,076.00 to MAGNETIC TECHNOLOGIES CORP. The payment included a Subsidy Cost of $0.00.

Transaction #0 |Β $1,000.00December 30, 2024

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.