February 27, 2013
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.