The Department of Defense started the week slow Monday, issuing only three contracts to its favored contractors, and spending only $55 million (and change). All three contracts went to publicly traded companies (or subsidiaries thereof):

  • Northrop Grumman (NYSE:NOC) was awarded $35.7 million as a contract modification to pay for engineering and manufacturing work on the Global Hawk drone through January 2017.┬áThe Pentagon noted that with this contract, Northrop's work on the Global Hawk contract is approaching $2.3 billion in total value.
  • Raytheon's (NYSE:RTN) Space and Airborne Systems division won a $7.8 million indefinite-delivery/indefinite quantity (IDIQ) contract to supply the Air Force with GPS Selective Availability Anti-Spoofing modules, which permit GPS receivers to decode the kind of precise GPS coordinates the military requires. Raytheon's work on the contract should be complete by March 31, 2016.
  • Finally, Tyco International (NYSE:TYC) subsidiary Scott Technologies, of Monroe, N.C., was awarded an $11.8 million firm-fixed-price foreign military sales contract to supply the government of Taiwan with self-contained breathing apparatuses and corresponding cylinders and valve assemblies. Delivery is expected to be complete by Sept. 15.

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