A Science Applications International Corp.-Amentum joint venture wins the recompete of its contract to support the Justice Department's asset forfeiture program.
(NOTE: This story has been updated to include details on the new contract)
A joint venture of Science Applications International Corp. and Amentum has won the recompete of its contract for professional and administrative services to support the Justice Department’s asset forfeiture program.
DOJ announced the award Thursday in a notice posted on Beta.Sam.Gov that did not include details on the size and duration of the new contract. WT has subsequently been told the contract has a $1.3 billion ceiling value over a six-month base period, followed by up to five individual option years and then a one-year award term.
The current contract has a $1.8 billion ceiling over nine years and is slated to expire on March 31, according to Deltek data.
This was SAIC’s largest single recompete at $100 million-$140 million in annual revenue per year, company executives have said in earnings calls with investors. DOJ’s progress on making an award was briefly held up in Fall 2019 by a pre-award protest from ASRC Federal after it was eliminated from the competitive range, but that was later dismissed.
SAIC is the managing partner of the Forfeiture Support Associates venture that has performed the work since 2004. Both companies involved in the JV have inherited their participation in it through various acquisitions and divestitures by former parent corporations.
The former L3 Technologies was the original managing partner in FSA when the program started. L3 in 2011 spun out its government services group into Engility Corp, which then inherited the managing partner role. SAIC then in 2019 acquired Engility, which held 50.1 percent of the venture at the time.
Amentum is the former AECOM Management Services business that was sold by the parent to a pair of private equity firms in February and subsequently rebranded to its current name. AECOM was an original partner in the FSA venture.
Asset forfeitures take place when the government seizes property such as homes, cars and boats that were acquired with money generated by a criminal enterprise.
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