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

Q: Where is MAGNETIC TECHNOLOGIES CORP located?

601 W 1ST ST OGALLALA NEBRASKA UNITED STATES

Signed on

4/8/2025, 12:00 AM

MAGNETIC TECHNOLOGIES CORP Government Contract #6973GH25P01937

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 Nebraska. The contract, awarded by the Department of Transportation's Federal Aviation Administration, is for assets supporting the National Airspace System and is valued at $24,076. In notable transactions, one payment of $23,076 was made on May 21, following an initial payment of $1,000 on April 8.

Contract Details

Contract ID6973GH25P01937

Contract TypeB

Total Obligation$24,076.00

Exercised Options$24,076.00

Base Amount + Options$24,076.00

Date Signed2025-04-08

Contract DescriptionASSETS IN SUPPORT OF THE NAS

Start Date2025-04-08

End Date2025-05-09

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 #P00001 | $23,076.00May 21, 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 | $1,000.00April 8, 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.