CDI Wins $36 Million Navy Contract

Philadelphia-based CDI Corp. (NYSE: CDI  ) has won a $36 million contract to provide watercraft engineering and marine services to the U.S. Navy.

On Monday, the engineering firm announced it has been awarded a new SEAPORT task order from the Naval Surface Warfare Center's Combatant Craft Division (CCD). The task order has a maximum duration of two years, and calls for CDI to provide plans, designs, and prototypes for installations and alterations aboard "all types of combatant craft, boats, watercraft and associated systems" supported by the CCD.

CDI said it has been performing this kind of work for the Navy for nine years. CDI Global Engineering and Technology Solutions President Robert Giorgio was quoted as saying: "We have a track record of success with previous national defense and homeland security initiatives and we look forward to continuing to provide the kind of engineering support and services that such important projects require and deserve."


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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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