Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

<< What is evidence for two contracts?

WebSlinger, I've seen the contract information for one contract between the Army and KBLB. These things are posted on a government website. Do you have information on a second contract? I've not seen anything to indicate a second contract was set up. >>

I think people get too caught up in the verbiage of 1 contract vs. 2 contracts. It doesn't really matter if there is 1 contract with 2 phases, or 2 contracts with 1 phase. The end result is the same.

What is important are the deliverables.

My understanding is that there was originally just one deliverable but now there are two deliverables:

- The 1st deliverable is shoot packs (which was the "original" contract), which would be used for personal protection in bullet-proof vests. KBLB was given $100,000 for this deliverable over a year ago. They were supposed to deliver early last year, but missed the delivery (by a LONG shot). The Army was gracious enough to extend the delivery date to the end of 2017. Nothing has been delivered as of yet. Last word was that KBLB delivered the material to Warwick Mills around Nov 2017.

- The 2nd deliverable is a "new and improved" spider silk material, which would be used in undergarments. KBLB was given about $920,000 for this deliverable (to be split into multiple payments based on deliveries).

This is from today's PR:

"This second phase of the Company’s contract with the US ARMY, valued at $921,000, began in July of 2017 and is focused exclusively on the development of new spider silk fibers."

http://www.defenseone.com/technology/2017/08/us-army-boosts-spending-genetically-engineered-spider-silk-possible-use-body-armor-soldier-underwear/139923/

http://www.govexec.com/contracting/2017/08/army-boosts-spending-genetically-engineered-spider-silk-body-armor-underwear/140020/