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Pentagon Spends $75.7 Million on Miscellaneous Projects

The Department of Defense announced a series of small (in defense contracting terms) contract awards to multiple publicly traded companies Monday. Among them were the following:

  • The smallest award went to L-3 Communications' (NYSE: LLL  ) Fuzing and Ordnance Systems unit, which was awarded $7.5 million to procure M734A1 fuzes, used to detonate mortar rounds upon collision or upon reaching a certain proximity to target. The completion date on this contract is Feb. 28, 2015.
  • Atmos Energy Marketing, a subsidiary of Atmos Energy (NYSE: ATO  ) , won a fixed-price with economic-price-adjustment contract worth up to $30.8 million to supply natural gas to Army, Navy, Air Force, and federal civilian agencies located in Texas through April 30, 2015.
  • Science Applications International (UNKNOWN: SAI.DL  ) won a pair of contracts. The larger one, worth at least $9.5 million, is a cost-plus-fixed-fee contract to perform research and development work on "configurable technology" for anti-submarine warfare surveillance in deep ocean areas. The 15-month contract has an optional six-month extension attached to it, which, if exercised, would raise the contract value to $10.1 million and extend performance through Dec. 17, 2014.
  • SAIC's other contract, worth $8.6 million, is another cost-plus-fixed-fee contract. This one requisitions unspecified "information technology support services" from the company. Its estimated completion date is March 15, 2014.
  • Finally, General Dynamics' (NYSE: GD  ) National Steel and Shipbuilding division won an $18.7 million modification to a previously awarded contract to conduct post-shakedown work on the newly built landing platform/dock USS Anchorage (LPD 23). The Anchorage, which was built by Huntington Ingalls (NYSE: HII  ) and christened in May 2011, is due to be commissioned in May.  General Dynamics should complete its work on her by December 2014.

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9/27/2016 3:16 PM
ATO $75.98 Down -0.69 -0.90%
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LLL $152.52 Up +1.87 +1.24%
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