Northrop Grumman Exercises Parcel D-1 Lease Option
Melbourne Airport AuthorityAirport Authority · Melbourne, FL- Disclosed value
- $253,092.36 per year; approximately $7.5 million over remaining term
- From minutes
- Document date
- Jan 24, 2024
The 30-second brief
Northrop Grumman exercised its option on Parcel D-1 at Melbourne Airport, securing approximately 15.29 acres at $0.38 per square foot per year. The lease with CPI-based increases is expected to generate about $7.5 million over the remaining term.
Northrop Grumman holds this facilities contract with Melbourne Airport Authority. Its other public contracts on record include work for Bethpage Wd and Torrance Unified.
Term as filed: Option for Parcel D-1 exercised; approximately 15.29 acres at $0.38 per square foot per year with CPI increases every five years (0.8% minimum, 5% maximum).
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Contract details
- Contract type
- Facilities
- Amount
- $253,092.36 per year; approximately $7.5 million over remaining term
- Document date
- January 24, 2024
- Term
- Option for Parcel D-1 exercised; approximately 15.29 acres at $0.38 per square foot per year with CPI increases every five years (0.8% minimum, 5% maximum)
- Vendor
- Northrop Grumman
- Source document
- melbourne_airport_authority_board_minutes_january.pdf (Minutes)
Northrop Grumman's other public contracts
More Melbourne Airport Authority contracts
Questions about this contract
Who was awarded the facilities contract by Melbourne Airport Authority?
Northrop Grumman was awarded this facilities contract by Melbourne Airport Authority, as recorded on January 24, 2024. The contract value is $253,092.36 per year; approximately $7.5 million over remaining term.
How much is the Northrop Grumman contract with Melbourne Airport Authority worth?
The Northrop Grumman contract with Melbourne Airport Authority is valued at $253,092.36 per year; approximately $7.5 million over remaining term, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in melbourne_airport_authority_board_minutes_january.pdf (Minutes), dated January 24, 2024 from Melbourne Airport Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Northrop Grumman hold?
Northrop Grumman may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Melbourne Airport Authority currently buying?
Explore Melbourne Airport Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.