Defense Contractors Win $266 Million in Pentagon Contracts

The Department of Defense released its daily catalog of defense contracting awards Tuesday evening, totaling $266 million -- give or take a few hundred thousand. What follows are the more significant contracts awarded to publicly traded companies:

  • Philips Electronics' (NYSE: PHG  ) Medical Systems subsidiary was the biggest winner, landing a fourth option year award on a pre-existing fixed-price with economic-price-adjustment contract for the supply of patient monitoring systems, subsystems, accessories, consumables, spare/repair parts, and training to the military. Total contract value: $77.2 million, with a March 29, 2014, completion date.
  • Xerox (NYSE: XRX  ) was awarded $14.9 million under a previously awarded firm-fixed-price, indefinite-delivery/indefinite-quantity contract. This "modification" extends for six months (to Sept. 30) Xerox's contract to supply and service copiers aboard Navy ships in port and at sea.
  • Lockheed Martin (NYSE: LMT  ) won not one, but two contracts -- a $30.6 million contract to supply low-rate initial production units of an upgraded AN/SLQ-32(V) Electronic Warfare System under Surface Electronic Warfare Improvement Program (SEWIP) Block 2, which runs through September 2014, and also a $17.2 million contract to perform engineering work on AN/SQQ-89 Anti-Submarine Warfare sonar analysis systems. The latter contract concludes in September.
  • Finally, Northrop Grumman (NYSE: NOC  ) was awarded $12.6 million to refurbish fuses on U.S. Air Force intercontinental ballistic missiles. Work on this contract is to be completed by June 30, 2014.

Read/Post Comments (0) | Recommend This Article (2)

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.

DocumentId: 2333447, ~/Articles/ArticleHandler.aspx, 4/20/2014 12:29:51 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 2 days ago Sponsored by:
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASD 4,095.52 0.00 0.00%

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

4/17/2014 4:01 PM
LMT $160.25 Up +0.81 +0.51%
Lockheed Martin Co… CAPS Rating: ***
NOC $122.00 Up +1.40 +1.16%
Northrop Grumman C… CAPS Rating: ****
PHG $34.56 Down -0.51 -1.45%
Koninklijke Philip… CAPS Rating: ****
XRX $11.43 Down -0.07 -0.61%
Xerox Corp CAPS Rating: ****

Advertisement