Ernst & Young Receives $55.2 Million Modification: Extending Navy and Marine Corps Financial Statement Audits Until 2025

Ernst & Young LLP, New York, New York, is being awarded a labor-hour contract option for financial statement audit services for the Navy and Marine Corps. The modification (P00015) is for a maximum face value of $55,162,472, bringing the total cumulative face value of existing contract HQ042321F0002 to $267,339,526 from $212,177,054. Work will be performed in various locations to include numerous Navy and Marine Corps command locations, with an expected completion date of Dec. 31, 2025. This contract was the result of a competitive acquisition for which one quote was received. The action is being awarded subject to availability of funds. Fiscal 2025 operations and maintenance (Navy) funds of $55,162,472 will be obligated when available. The Defense Finance and Accounting Service, Contract Services Directorate, Columbus, Ohio, is the contracting activity.