Ernst & Young Receives $42.5M Contract Option for Audit Services: Air Force Financial Examination

Ernst & Young LLP, New York, New York, is being awarded a labor-hour contract option for audit services for the Department of the Air Force General Fund and Working Capital Fund financial statements and examination. The modification (P00021) is for a maximum face value of $42,506,319 and brings the total cumulative value of the contract (HQ0423-21-F-0087) to $153,481,530 from $112,266,757. Work will be performed in Washington, D.C.; and other locations within and outside the U.S., with an expected completion date is Dec. 31, 2025. This contract is the result of a competitive acquisition for which one quote was received. The contract has a 12-month base period plus four individual one-year option periods with a maximum value of $200,222,745. Fiscal 2025 Air Force operations and maintenance funds in the amount of $42,506,319 are being obligated at the time of this award. The Defense Finance and Accounting Service, Contract Services Directorate, Columbus, Ohio, is the contracting activity.