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Pentagon Awards Multiple Contracts Worth $162.7 Million

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February 26, 2013 | Comments (0)

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On Tuesday, the Department of Defense announced a number of smallish (in defense industry terms) contracts awarded to several publicly traded companies. Among these:

  • In the largest of the four contracts, Raytheon (NYSE: RTN  ) won a $69 million "ceiling priced repair delivery order" issued under a previously awarded contract. Raytheon will be asked to repair and replace assemblies for advanced targeting forward-looking infrared (FLIR) systems on Navy F/A-18 fighter-bombers. This contract runs through Feb. 25, 2015. 
  • L-3 Communications (NYSE: LLL  ) was awarded a $48.2 million time-and-materials contract to provide aviation maintenance services. The contract runs through July 28.
  • General Dynamics (NYSE: GD  ) won a $22.9 million firm-fixed-price contract to perform demilitarization and disposal services work. Work will be completed by Sept. 25, 2015.
  • Navistar (NYSE: NAV  ) won a similar-sized $22.6 million firm-fixed-price Foreign Military Sales contract to upgrade and up-armor medium tactical vehicles for an unidentified foreign nation. Work on the contract should be performed by July 19, 2013.

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Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, L-3 Communications Holdings, and Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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5/20/2013 4:04 PM
NAV $38.03 Down -0.22 -0.58%
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