Pentagon Hands Out $49.7 Million Worth of Small Contracts

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 Thursday, the Department of Defense announced a series of small (in defense contracting terms) contract awards to a handful of publicly traded companies.

Among them are the following:

The largest contract went to Lockheed Martin (NYSE: LMT ) , which was awarded $27.4 million via an "option" extension of an existing contract. The option funds Lockheed's purchase of long-lead materials needed to perform receiver and antenna upgrades on AN/SLQ-32(V) Electronic Warfare Systems. This work is classified as part of the Surface Electronic Warfare Improvement Program (SEWIP) Block 2. Work on the instant contract modification is to be completed by March 2014.

ManTech International (NASDAQ: MANT ) won a $15.3 million contract modification to perform unspecified "systems engineering and integration support" work for the Space and Missile Systems, Launch and Range Systems directorate. This contract is to be completed by March 22, 2014.

Finally, General Dynamics' (NYSE: GD ) Armament and Technical Products division was awarded $7 million to supply 19 M61A2 20mm Lightweight Gatling Gun Systems for installation on F/A-18 E/F fighter aircraft. Completion date is March 2015.

More Expert Advice from The Motley Fool

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

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 icon found on every comment.