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

Signed on

2/18/2025, 12:00 AM

MAGNETIC TECHNOLOGIES CORP Government Contract #6973GH25P01390

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

Magnetic Technologies Corp is the recipient of a $24,076 federal contract from the Department of Transportation, funded by the Federal Aviation Administration. The contract is for assets in support of the NAS, involving converters, electrical, nonrotating. Significant transactions include one for $23,076 and another for $1,000.

Contract Details

Contract ID6973GH25P01390
Contract TypeB
Total Obligation$24,076.00
Exercised Options$24,076.00
Base Amount + Options$24,076.00
Date Signed2025-02-18
Contract DescriptionASSETS IN SUPPORT OF THE NAS
Start Date2025-02-18
End Date2025-03-14

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, Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00001$23,076.00May 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$1,000.00February 18, 2025

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.

Transaction #P00002$0.00October 28, 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$23,076.00May 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$1,000.00February 18, 2025

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.