![\"DLA](\"http:\/\/www.bidlink.net\/news\/wp-content\/uploads\/2013\/02\/fasteners_2013_total_sales1.png\" "\\"DLA")
<\/a>An analysis of the competitive climate reveals that Herndon Products, Inc. is still the top fastener supplier to the Department of Defense (DOD) with a significant lead over the second place contender. \u00a0Herndon Products based in O’Fallon Missouri generates $42 Million in revenue with approximately 85 employees. \u00a0The Small Business Size Standard for Hardware Merchant Wholesalers,\u00a0naics code\u00a0423710 is 100 employees. \u00a0This is the threshold for small business designation which provides a competitive advantage over large companies. \u00a0<\/span><\/p>\n The largest fastener contract won by Herndon Products is long term contract #\u00a0SPM5AZ09D0004, which was awarded on 10\/20\/2008; It covers an array of bolts, screws, rings, nuts and washers. \u00a0There were fourteen competitive bids for this contract. \u00a0Not unexpectedly, many of the top companies are aerospace suppliers including Raytheon, a new addition to the top 10 list.<\/p>\n Examining total sales, \u00a0Herndon Products (CAGE code: 3G1W3) is in the number one spot with almost $12 Million in contracts to the Defense Logistics Agency (DLA). Columbia Nut and Bolt has been displaced by Wesco Aircraft Hardware as the second place winner with just over $7 Million in sales.<\/p>\n Adept Fasteners moved up four spaces to the #6 position from last year. \u00a0New to the list for 2012 are Goodrich Corporation, Dialogic Fasteners and Sikorsky Aircraft. \u00a0In 2011, the top contractor sold $13.8 Million in fasteners to DOD while the #10 position earned $3.6 million, as compared to $11.8 Million and $2.7 Million in 2012.<\/p>\n Although the decline in defense spending is dramatic, some of this is in preparation for the upcoming sequester which was supposed to take effect in January 2013. \u00a0This could mean stabilization in defense spending going forward. While discussing the Pentagon’s effect on GDP in an e-mail release, Paul Ashworth from Capital Economics called it\u00a0\u201cThe best-looking contraction in US GDP you\u2019ll ever see\u201d, expecting that this may be a one-time blip due to the impending belt tightening.<\/p>\n Another reason according to Michael O’Hanlon at the Brookings Institution is that Congress was late in setting the defense budget for 2012. \u00a0The budget was finally pieced together through continuing resolutions passed in the winter. \u00a0For a significant part of the year, the Pentagon did not know exactly how much it could spend. \u00a0<\/span><\/p>\n BidLink.net is a provider of defense industry information for contractors worldwide. This data includes millions of defense contracts, procurement history, part numbers and vendor details. This unique combination of resources allows BidLink to monitor and extract important information for the defense contracting industry.\u00a0BidLink.net<\/a>, based in Washington, D.C., provides bid search and notification services, procurement history as well as part number\u00a0(NSN) lookup<\/a>\u00a0to many military activities and thousands of private companies around the world.<\/p>\n This article was written exclusively for Fastener Journal. \u00a0Comments? Send them to news@bidlink.net.<\/span><\/p>\n<\/a><\/a>