Pentagon Awards Two Body Armor Contracts Worth $158 Million

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

On Wednesday, the Department of Defense announced its second sizable body armor order in three days, bringing the total amount of money spent on "tactical vests" to more than $157 million (so far) this week.

Wednesday's award went to British defense contractor BAE Systems (NASDAQOTH: BAESY  ) and was valued at $78.3 million. In it, the Pentagon ordered BAE to supply "improved outer tactical vests and individual repair kits" (i.e., body armor) for use by the U.S. Army and Air Force.

This followed a Monday announcement, in which the Pentagon awarded a similar "contract modification" to privately held Protective Products Enterprises, directing that company to supply $79.5 million worth of improved outer tactical vests and "components" -- again, body armor and, again, for use by the U.S. Army and Air Force.

Both contracts are expected to be completed by Feb. 27, 2014.

Read/Post Comments (0) | Recommend This Article (1)

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.

Compare Brokers

Fool Disclosure

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: 2283770, ~/Articles/ArticleHandler.aspx, 9/28/2016 1:15:53 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...

Today's Market

updated Moments ago Sponsored by:
DOW 18,201.29 -27.01 -0.15%
S&P 500 2,156.01 -3.92 -0.18%
NASD 5,295.80 -9.91 -0.19%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 12:44 PM
BAESY $27.49 Up +0.29 +1.07%
BAE Systems CAPS Rating: ***