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PPG INDUSTRIES AWARDED CONTRACT FOR MARINE COATINGS
Wednesday, November 04, 2009 1:25 PM


USA, Nov. 4, 2009 (Info-Prod Research) -- November 4, 2009According to DOD: PPG Industries (NYSE:PPG) , Pittsburgh, Pa. (N00189-10-D-0007) and Sherwin Williams (NYSE:SHW) , Cleveland, Ohio (N00189-10-D-0006), are each being a $6,483,838 awarded an indefinite-delivery/indefinite-quantity with fixed unit prices contract to provide marine coatings approved for Navy shipyards. This contract contains a one-year base period with three one-year option periods, which if exercised, the total contract value is $35,150,321. PPG Industries is receiving a base amount of $1,985,963 with an estimated value if all options are exercised of $10,543,747. Sherwin Williams is receiving a base amount of $4,497,875, with an estimated value if all options are exercised of $24,606,573. Work is to be performed in Puget Sound, Wash. (66 percent); Norfolk, Va. (11 percent); Pearl Harbor, Hawaii (15 percent); and Portsmouth, Va. (8 percent). Work is expected to be complete December 2010. Contract funds in the amount of $10,000 will expire at the end of the current fiscal year. This contract was competitively procured through Government Points of Entry, Navy Electronic Commerce Online and Federal Business Opportunities, with two offers received. The Fleet and Industrial Supply Center Norfolk, Va., is the contracting activity.

(Source: iStockAnalyst )


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