General Dynamics Wins $29 Million in New Pentagon Contracts

On Wednesday, the Department of Defense awarded two contracts worth a combined $28.9 million to divisions of defense contractor General Dynamics (NYSE: GD  ) .

The first and smaller contract, awarded to GD's Information Technology division, is an $8.4 million cost-plus-incentive-fee contract for the provision of "information technology and audio visual services" for the Mark Center in Alexandria, Va. Work on this contract is to be completed by Aug. 26, 2013.

The larger contract, awarded to the company's Ordnance and Tactical Systems division, is worth $20.5 million and modifies an existing contract for the procurement of 120mm tank training ammunition. A similar, smaller award was issued to GD rival Alliant Techsystems (NYSE: ATK  ) Wednesday as well. GD will supply the requested rounds sometime between now and March 15, 2015.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2283763, ~/Articles/ArticleHandler.aspx, 3/30/2015 8:36:13 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...