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Pentagon Doles Out $121.1 Million in New Weapons Contracts

Sequester or no sequester, the Department of Defense continues to find money to pay for national defense -- and international defense, too. On Monday, the DoD announced a series of small (in defense contracting terms) contract awards to a handful of publicly traded companies.

  • In the smallest award, L-3 Communications (NYSE: LLL  ) won $12.9 million as a modification to a previously awarded firm-fixed-price, indefinite-delivery requirements contract. Pursuant to it, L-3 will repair and, if necessary, overhaul, Navy TH-57 "Sea Ranger" helicopters. This contract is due for completion in June.
  • Here and abroad, Raytheon's (NYSE: RTN  ) Missile Systems division won a $20.1 million modification to another indefinite-delivery/indefinite-quantity contract. Raytheon will be performing mission support and sustainment work on AIM-9X Sidewinder air-to-air missiles in the arsenals of Singapore, Australia, Denmark, Finland, Turkey, South Korea, Switzerland, Saudi Arabia, and Poland under the Foreign Military Sales program -- as well as for the U.S. Air Force and Navy.¬†This contract runs through March 2014.
  • General Dynamics' (NYSE: GD  ) Land Systems was awarded $39.1 million via a firm-fixed-price foreign military sales contract to convert M1A2 main battle tanks (of its own manufacture) to the M1A2S configuration for Saudi Arabia. Estimated completion date: Jan. 31, 2014.
  • Finally, United Technologies' (NYSE: UTX  ) Sikorsky Aircraft won a $49 million firm-fixed-price foreign military sales contract to perform engineering and configuration services on four (unspecified) utility helicopters for Saudi Arabia. This contract will be completed by Dec. 31, 2016.

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