Navy Federal Credit Union, Vienna, Virginia, has been awarded a $7,558,417 modification (P00005) to previously awarded cost-plus-fixed-fee contract HQ042323C0007 for banking and financial services to the Department of Defense (DOD) for the DOD Overseas Military Banking Program. The modification brings the total cumulative face value of the contract to $9,490,941 from $1,932,524. The award is the result of a competitive acquisition for which one offer was received. The contract has a six-month transition-in period ending March 31, 2024, a one-year base option beginning April 1, 2024, and eight one-year option periods. Banking services will be performed in Cuba, Diego Garcia, Germany, Honduras, Italy, Japan, Korea, Kwajalein Atoll, The Netherlands, Okinawa, Japan, and the United Kingdom, with home office operations in San Antonio, Texas. The expected completion date is March 31, 2025. Fiscal 2024 operations and maintenance, Army, Air Force, and Navy/Marines funds in the amount of $5,636,390 are being obligated at the time of award. The Defense Finance and Accounting Service, Contract Services Directorate, Columbus, Ohio, is the contracting activity.
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