News Release, Platform Aerospace

April 28, 2020 (Hollywood, MD) Platform Aerospace was selected as an awardee on the Kits, Recovery, Augmentation, Components and Engines (KRACEn) Multiple Award Contract (MAC) supporting the United States Navy.

Commander, Fleet Readiness Center (COMFRC) awarded a 10-year, $6.1 billion, enterprise contract vehicleto 42 small business industry partners on April 14, enabling U.S. Navy, government customers and international partners to procure aircraft maintenance services and sustainment support quicker.

The Kits, Recovery, Augmentation, Components and Enginescommonly called KRACEnis an indefinite-delivery, indefinite-quantity (IDIQ) MAC that will provide maintenance services and support for single satellite sites, small aircraft quantities, personnel to augment government maintenance teams, and overhaul capabilities for aircraft components and subsystems. This is COMFRCs first, multi-billion contract award.

The MACs scope of work, which is set aside for small-businesses, includes modification kit build and installations, recovery of downed aircraft, repair and overhaul of aircraft and components, repair and overhaul of engines, and augmentation labor supplement for maintenance both ashore and afloat.

As one of 42 small business industry partners, Platform Aerospace will help enable COMFRC to effectively use the KRACEn enterprise contract vehicle allowing the Navy meet its sustainment needs expeditiously while delivering improved outcomes, COMFRC Executive Director Roy Harris said.

KRACEn is a crucial addition to our traditional organic capabilities, providing us with the means to tap into the expertise of small business industry partners.

The nature of the work covered by KRACEnsimple platform, organizational-level Contractor Logistic Services (CLS) requirements involving few aircraft, elemental or off-aircraft tasksis well-suited for small businesses, according to COMFRC Acquisition Group, CLS Division Lead Chris Giggey. The CLS Division, formally known as the Fast Acquisition Solutions to Enable Readiness (FASTER) team, was charted by Commander, Naval Air Systems Command in 2018 to improve acquisition speed and quality of services by developing expertise in CLS contracting.

We are honored to be selected as a prime on this contract supporting the US Navy, said Kurt Parsons, CEO, Platform Aerospace, This contract win highlights the Platform teams past performance and ability to provide critical parts and maintenance services. The KRACEn prime award is another milestone in our efforts to continue to build our capabilities and provide existing and new key maintenance services to the U.S. Navy, said Wendy Lee, VP Business Development.

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Platform Aerospace awarded a Prime on the $6.1B KRACEn MAC Contract Award - The Southern Maryland Chronicle