Honeywell’s [HON] wholly owned subsidiary National Engineering and Technology Solutions of Sandia will be the prime contractor for the Sandia National Laboratories for another five years, the Department of Energy’s National Nuclear Security Administration (NNSA) announced Monday.
The semi-autonomous Department of Energy nuclear weapons agency said in a press release that it exercised five options on National Engineering and Technology Solutions of Sandia’s contract to keep the company on site in Albuquerque, California and a multitude of smaller satellite sites through April 30, 2027. Awarded in 2016, the contract’s five-year base, which followed a 90-day transition period, was set to expire at the end of the month.
The Honeywell subsidiary now is guaranteed to remain as the prime contractor for the NNSA weapons-engineer laboratory for as long as it possibly could have. The NNSA held five one-year options on the contract and picked them all up at once.
According to a copy of the company’s contract posted online by the NNSA, annual fees on the deal run from about $20 million to almost $25 million over the life of the deal — 10 years, including the options just exercised.