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Pentagon Ends Week With Awards of $7.4 Billion in New Contracts

The Department of Defense closed out last week with a massive $7.4 billion in new contract awards Friday. The bulk of these awards came in the form of a single, multi-recipient contract for the provision of networking equipment to the Air Force -- but it wasn't all IT, all the time. Other notable winners Friday included:

  • L-3 Communications (NYSE: LLL  ) , which won a firm-fixed-price foreign military sales contract not to exceed $45.2 million in value. L-3 will provide pilots training and logistics support for Iraqi Air Force Cessna C208 transport aircraft and C172 utility aircraft over the next 12 months.
  • Britain's BAE Systems (NASDAQOTH: BAESY  ) , which was awarded a $34.3 million firm-fixed-price contract to supply the U.S. Air Force with 336 AN/APX-125 Mode 5 Advanced Identify Friend/Foe units for installation aboard F-16 fighter jets. BAE is expected to complete work on this contract by May 31, 2015.
  • General Dynamics' (NYSE: GD  ) Electric Boat subsidiary, which won a $20 million cost-plus-fixed-fee modification, extending a previously awarded contract to support U.S. Navy nuclear submarines based at the Naval Submarine Support Facility, Naval Submarine Base in New London, Conn., through March 2014.
  • I-Solutions Direct. In the "now for something completely different" category, I-Solutions was granted a second option year extension worth $14.8 million as part of a fixed-price with economic-price-adjustment, indefinite delivery/indefinite quantity contract. Reliance's subsidiary will supply "various metal items" to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies. This contract runs through April 22, 2014.

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