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Pentagon Awards $67.7 Million in Army Contracts

The Department of Defense announced a series of new defense contracts benefiting the U.S. Army on Wednesday, with publicly traded companies reaping nearly $68 million in awards, including:

  • L-3 Communications' (NYSE: LLL  ) National Security Solutions subsidiary was awarded an $8.4 million firm-fixed-price contract to provide "enterprise service support for the entire National Capital Region." This contract runs through March 29, 2014.
  • Boeing (NYSE: BA  ) won a $12.1 million cost-plus-fixed-fee contract to support the "generation three electronic control unit upgrade and the installation of the AVR-2B Laser Warning System." AVR-2B is a product of Goodrich -- now a subsidiary of United Technologies -- designed to alert U.S. forces when they have been illuminated by hostile laser rangefinders, target designators, or similar laser-aided targeting systems, and indicate the direction from which the laser designator originated. Boeing's work on this project is expected to be complete by March 25, 2015.
  • Northrop Grumman's (NYSE: NOC  ) Space and Mission Systems division won a $24.4 million time-and-materials contract, extending by one year (through March 25, 2014) its contract to support the U.S. Air and Missile Defense Planning and Control System (AMDPCS), a system Northrop began bringing on line in 2007.
  • Esterline Technologies (NYSE: ESL  ) subsidiary Armtec Countermeasures Co. was awarded a $22.8 million firm-fixed-price contract to procure additional M206, MJU-7A/B and MJU-10/B infrared countermeasure flares (used to distract enemy anti-aircraft missiles). Armtec will deliver these flares by Feb. 28, 2015.


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