{"id":428,"date":"2010-12-03T14:22:30","date_gmt":"2010-12-03T14:22:30","guid":{"rendered":"http:\/\/www.bidlink.net\/news\/?p=428"},"modified":"2016-01-05T13:54:19","modified_gmt":"2016-01-05T13:54:19","slug":"defense-department-buys-quarter-billion-fasteners","status":"publish","type":"post","link":"https:\/\/www.bidlink.net\/news\/2010\/12\/defense-department-buys-quarter-billion-fasteners\/","title":{"rendered":"Defense Department buys a quarter billion dollars worth of fasteners in 2009"},"content":{"rendered":"

The U.S. Defense Department has been steadily increasing its purchases of fasteners and hardware.\u00a0 At BidLink, we have studied government buying activity for screws, bolts, studs, nuts, washers, nails & rivets over the past five years and found that hardware is a growth industry.\u00a0 In 2009, the Defense Logistics Agency, the primary procurement arm of the Defense Department purchased $233 Million worth of fasteners.<\/p>\n

\"Defense<\/a>
Defense Logistics Agency purchases of fasteners (click to see large image)<\/figcaption><\/figure>\n

Although all of the numbers are not in yet, we predict 2010 will be down slightly, closer to $200 million.\u00a0 Even in the face of major cuts to defense spending, purchases for fasteners are still strong.\u00a0\u00a0 Recent austerity measures at the defense department are slashing major purchases of new systems. This creates a growing need to support existing equipment with replacement parts.\u00a0 As we study various industries, we are seeing a familiar pattern.\u00a0 U.S. companies that make common items like batteries, safety equipment, electric motors, and hardware can make a lot of money selling to the government.<\/p>\n

\"Win<\/a>
Win More Contracts with BidLink (story continues below)<\/figcaption><\/figure>\n

An analysis of the competition in this industry reveals that Herndon Products has won the most contracts with almost 6,000 in 2009.\u00a0\u00a0 The company supplied 3,310 different types of items to the defense department in that year.\u00a0 The most popular was a National Stock Number 5310-01-097-8010<\/a>, NUT,PLAIN,ASSEMBLED with 49 delivery orders in 2009.\u00a0 These purchases were made through a long-term contract (see delivery order<\/a>) , where once they win the bid, the defense department requests regular orders against the contract.\u00a0\u00a0 The above delivery order\u00a0 for $9,126.02 is #575 against the master contract.\u00a0 These types of contracts can last many years, but when they expire, prudent contractors can win them.<\/p>\n

\"Top<\/a>
Top 10 DOD suppliers of fasteners(click to see larger image)<\/figcaption><\/figure>\n

By sales, the winner is Columbia Nut and Bolt, with almost $17 Million in 2009.\u00a0 Their headquarters is in Moonachie, New Jersey.\u00a0\u00a0 They are a wholesaler of hardware 500-750 employees, which primarily sells to the government. They are followed closely by Herndon Products with nearly $16 Million.<\/p>\n

\"Top<\/a>
Top 10 suppliers of fasteners by sales (click to see larger image)<\/figcaption><\/figure>\n

The Defense Logistics Agency buys over 185,000 different kinds of fasteners, screws, nuts, bolts and rivets.\u00a0 The total number of contracts in 2009 jumped 15% over the 2008 tally to 51,150.<\/p>\n

BidLink.net is an aggregator of defense industry information for contractors worldwide.\u00a0 This data includes\u00a0millions of defense contracts, procurement history, part numbers and vendor details.\u00a0 This unique combination of resources allows BidLink to monitor and extract important information for the defense contracting industry.\u00a0 BidLink.net<\/a>, based in\u00a0Washington, D.C.,\u00a0provides bid consolidation, searching and notification services, as well as part number (NSN) lookup<\/a> services to\u00a0many military activities and thousands of private companies around the world.<\/p>\n

(Exculsive article to the American Fastener Journal)<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Defense Department has been steadily increasing its purchases of fasteners and hardware.\u00a0 At BidLink, we have studied government buying activity for screws, bolts, studs, nuts, washers, nails & rivets over the past five years and found that hardware is a growth industry.\u00a0 In 2009, the Defense Logistics Agency, the primary procurement arm of … <\/p>\n

Continue reading “Defense Department buys a quarter billion dollars worth of fasteners in 2009”<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-428","post","type-post","status-publish","format-standard","hentry","category-industry_news"],"_links":{"self":[{"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/posts\/428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/comments?post=428"}],"version-history":[{"count":55,"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/posts\/428\/revisions"}],"predecessor-version":[{"id":1216,"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/posts\/428\/revisions\/1216"}],"wp:attachment":[{"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/media?parent=428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/categories?post=428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bidlink.net\/news\/wp-json\/wp\/v2\/tags?post=428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}