A "Good" Friday for Pentagon Contractors Yields $374 Million in Contracts

Much of America was on holiday Friday -- but America's Department of Defense never sleeps, and on Friday, the generals were hard at work awarding defense contracts. Some of the lucky (publicly traded) winners were:

  • General Dynamics (NYSE: GD  ) , whose Ordnance and Tactical Systems unit split a $100.6 million "indefinite-delivery/indefinite-quantity, fixed-price with economic price adjustment, multiple-award" contract to supply "M107 projectile metal parts" (for 155mm howitzer rounds) with fellow munitions supplier IMT Defense of Westerville, Ohio. Both companies are contracted to supply the needed munitions through March 26, 2018.
  • British defense contractor BAE Systems (NASDAQOTH: BAESY  ) , which won an $85.5 million cost-plus-fixed-fee contract all for itself. This contract hires BAE to perform research, development, test, and evaluation services in support of the U.S. Army's Future Warfare Center. Simultaneously, a contract of identical size -- $85.5 million -- and description was awarded to Huntsville, Ala.-based Quantum Research International. Both contracts run through Sept. 30, 2015.
  • Engility Holdings (NYSE: EGL  ) , which was awarded $77.9 million in a cost-plus-fixed-fee, incrementally funded contract to train U.S. and Coalition forces serving in Afghanistan in "law enforcement and investigation techniques." This contract runs through Dec. 31, 2014.
  • CACI Technologies (NYSE: CACI  ) , which won a $14 million cost-plus-fixed-fee modification, extending a previously awarded contract to support program analysis, communications, human resources and other activities at the Navy's Expeditionary Warfare Program Office, through March 2014.
  • United Technologies' (NYSE: UTX  ) , whose Pratt & Whitney division won $10.8 million to supply the Air Force with aircraft engine compressors and spare parts. Completion date: Dec. 30, 2016.


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

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.

  • Report this Comment On March 30, 2013, at 9:26 PM, rickynavajoe wrote:

    Lets get rolling and protect our country, with the tools we need to assure our freedom and safety.

  • Report this Comment On March 31, 2013, at 8:09 AM, Orawczyk wrote:

    Having worked for various government service contractors over the past quarter-century or so, I've come to realize the fundamental difference between the government and private contractors is that with the government, budgets are very important, but they are secondary to the mission, which is national security. The government is capable of increasing the national debt in order to accomplish this mission. But with contractors, while the mission is very important, it is secondary to making a profit - or it can't continue to exist. This simple truth can mean the private sector is less cost effective than is the public sector and the same could be said of service.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2338170, ~/Articles/ArticleHandler.aspx, 12/25/2014 10:44:54 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...