Definitive contract · W15QKN24C0004

Army AI contract to The Trustees of the Stevens Institute of Technology (W15QKN24C0004)

Department of the Army (Department of Defense) signed a definitive contract with The Trustees of the Stevens Institute of Technology on 23 Oct 2023 for: Quantum & artificial intelligence technologies for next generation armament systems. $10.5M obligated, $15M ceiling.

Defense

Verified

Obligated
$10.5M 1
Ceiling
$15M 1
Signed
23 Oct 2023 1
Runs to
22 Dec 2026 1

Open on USAspending.gov Compare with related

In context

Across 411 awards
  • Ranks 19 of 287 DoD awards in this ledger by obligated dollars, 1.1% of the agency's $984M.
  • The Trustees of the Stevens Institute of Technology holds 2 awards here, $12.3M obligated in total.
  • 70% of the $15M ceiling is obligated, leaving $4.49M in options not yet exercised.
  • Period of performance: 38 months, one of 158 AI awards signed in FY2024.

Award record

Source per value
Award IDThe PIID for contracts and IDVs, the FAIN for grants and cooperative agreements, exactly as USAspending.gov lists it.
W15QKN24C00041
Action dateDate the award was signed (contracts and IDVs) or the base action date (assistance), from the USAspending.gov award record.
2023-10-231
Fiscal yearFederal fiscal year of the action date. FY2025 runs 1 October 2024 to 30 September 2025.
FY20241
AgencyTop-tier awarding agency, as named by USAspending.gov.
Department of Defense1
Sub-agencyAwarding sub-tier agency (for example Department of the Army inside the Department of Defense). Empty when it equals the agency.
Department of the Army1
RecipientThe contractor or grantee on the award, as registered in SAM.gov and shown by USAspending.gov.
The Trustees of the Stevens Institute of Technology1
Award typeThe award vehicle. Contracts and orders spend money; IDIQs, BPAs and GWACs are vehicles that orders are placed against; grants and cooperative agreements are financial assistance.
Definitive contract1
Obligated $Total federal dollars obligated on the award to date (sum of all actions, including de-obligations). This is money committed, not a ceiling.
$10,484,4961
Ceiling $Base and all options value: the most the contract or IDV can reach if every option is exercised. A ceiling is not spending; never add it to obligations. Empty for grants.
$14,979,1041
Performance startStart of the period of performance.
2023-10-231
Performance endCurrent end of the period of performance (or last date to order for an IDV).
2026-12-221
Potential endEnd date if every option is exercised, when it differs from the current end.
2028-10-221
PSCProduct or Service Code on the latest contract action, with its official description.
AC12: National defense R&D services; department of defense - military; applied research1
NAICSNAICS industry code on the latest contract action, with its description.
541715: Research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology)1
Award descriptionThe award description as the agency entered it, cut at about 420 characters.
QUANTUM & ARTIFICIAL INTELLIGENCE TECHNOLOGIES FOR NEXT GENERATION ARMAMENT SYSTEMS1
CompetitionExtent competed on the latest contract action.
Full and open competition1
Offers received offersNumber of offers the agency reports receiving.
11
PricingType of contract pricing (firm fixed price, cost plus fixed fee, time and materials...).
Firm fixed price1

Source

  1. USAspending.gov award W15QKN24C0004 accessed 2026-11-11

Obligated is money committed to date. Ceiling is the base-and-all-options value: the most the award can reach. The two are never added.

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Spot a change?

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