What Happened
Employee-Owned Contractor Wins Sole-Source Deal Under ESOP Legislation
The Air Force has awarded a potential five-year, $992 million contract to Torch Technologies for technical and management advisory services. The contract is part of a Defense Department pilot program that allows for certain follow-on awards to stay with the incumbent if they are fully-employee owned. Torch will continue its broad support of the Air Force’s research, development, test and evaluation activities. The award was reported by Washington Technology.