Pentagon Awards $38 Million for Biometric and Anti-Missile Work

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On Thursday, the Department of Defense announced the award of several small (in defense industry terms) contracts to a handful of companies. Collectively, the awards add up to $38 million in value. Individually, they break down as follows:

  • EADS (NASDAQOTH: EADSY  ) was awarded a $21 million modification to a previously awarded firm-fixed-price contract to supply "security and support mission equipment package production cut-in services" to the U.S. Army. According to DoD, with this modification, the value of EADS's initial contract win has risen to $2.26 billion.
  • CACI (NYSE: CACI  ) won a $9.7 million modification to a firm-fixed-price contract for the provision of "program management and engineering services" supporting DoD biometric programs. The total cumulative face value of the underlying contract has now risen to $43.4 million. 
  • Lockheed Martin (NYSE: LMT  ) was awarded $7.3 million as a modification to its contract to incorporate Large Aircraft Infrared Countermeasures (LAIRCM) NexGen Sensors onto HC/MC-130J aircraft Super Hercules transport aircraft. LAIRCM is a laser-based aircraft anti-missile defense mechanism being developed by Northrop Grumman for the Air Force. It involves mounting hi-intensity lasers on an aircraft, which lasers are then used to disable incoming missiles. Lockheed's work, installing the system on the Super Hercules planes, should be complete by Oct. 15, 2015.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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