Federal award · direct payment for specified use, as a subsidy or other non-reimbursable direct financial aid (c)

Lufthansa Technik Component Services LLC

Purpose: the Payroll Support Program (PSP) Provides Temporary Financial Assistance to Passenger Air Carriers, Cargo Air Carriers, and Certain Aviation Contractors. Activities to Be Performed: in the First Round of the PSP Under the Coronavirus Aid, Relief, and Economic Security Act (PSP1), Passenger Air Carriers, Cargo Air Carriers, and Certain Aviation Contractors Were Eligible to Receive Assistance. in the Second Round of the PSP Under the Consolidated Appropriations Act, 2021 (PSP2) and the Third Round Under the American Rescue Plan Act of 2021 (PSP3), Only Passenger Air Carriers and Certain Aviation Contractors Were Eligible for Assistance. All Funding Must Be Used Exclusively for Employee Wages, Salaries, and Benefits. Recipients Are Subject to Restrictions on Furloughs, Pay Rate Reductions, and Compensation of Employees. End Goal/expected Outcomes: the Goal of the Financial Assistance Is to Preserve Aviation Jobs. Intended Beneficiaries: Eligible Aviation Companies and Their Employees. Subrecipient Activities: There Are No Subrecipients for This Program.

Committed

$7.2 Million

Paid to

7424 East 30TH Street North, Tulsa, OK, 74115

Department of the Treasury

Departmental Offices

Place

UNITED STATES

What it funds

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal award · direct payment for specified use, as a subsidy or other non-reimbursable direct financial aid (c)

Department of the Treasury

Departmental Offices

Coronavirus Relief - Pandemic Relief for Aviation Workers to

Lufthansa Technik Component Services LLC

Committed

$7.2 Million

Paid to

Lufthansa Technik Component Services LLC

7424 East 30TH Street North, Tulsa, OK, 74115

Department of the Treasury

Departmental Offices

Place

UNITED STATES

What it funds

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗