Pentagon Contract Awards Thursday Total $333.4 Million

The Department of Defense awarded 11 contracts worth a combined $333.3 million Thursday. Most went to smaller, privately held firms, but among publicly traded companies there were some winners, as well. Among them:

Reliance Steel & Aluminum (NYSE: RS  ) subsidiary  AMI Metals won $48.9 million for the exercise of a second (out of three possible) option year extension of a two-year base contract to supply the Defense Logistics Agency Troop Support with heat-treated aluminum sheet and plate materials. This contract was of the "fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity" variety, and runs through May 31, 2014.

Moog (NYSE: MOG-A  ) won a $39.7 million firm-fixed-price requirements contract to perform repairs on Navy F/A-18 fighter jets. This contract should be completed by Nov. 4, 2015.

Northrop Grumman (NYSE: NOC  ) was awarded $7 million for a ceiling-priced delivery order to perform repairs on Navy EA-18G Growler electronic warfare aircraft. Completion date: May 2, 2015. 


Read/Post Comments (0) | 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.

Be the first one to comment on this article.

DocumentId: 2405180, ~/Articles/ArticleHandler.aspx, 4/19/2014 2:57:02 AM

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...


Advertisement