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Pentagon Awards 16 Contracts Worth $2.7 Billion

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The Department of Defense's contract-awarding machine kicked into high gear Tuesday, as the Pentagon issued a total of 16 contracts worth a combined $2.7 billion.

Among the larger contracts awarded was a $157.3 million maximum cost-plus-fixed-fee contract hiring Computer Sciences Corporation (NYSE: CSC  ) subsidiary DynPort Vaccine Company LLC to develop a "prophylactic and medical countermeasure to prevent the effects of organophosphorus nerve agents" -- essentially, an antidote to nerve gas.

Boeing (NYSE: BA  ) received two smaller contracts awards:

  • a $27.5 million modification to a previously awarded firm-fixed-price contract to provide logistics services supporting low rate initial production of its P-8A Poseidon Multi-Mission Maritime aircraft. This contract should be complete by June 2016; and
  • an $18.3 million modification to a previously awarded firm-fixed-price contract funding the procurement of "long lead material" needed to build Apache attack helicopters.

Also, Chicago Bridge & Iron (NYSE: CBI  ) subsidiary Shaw Environmental won a $10 million modification to a previously awarded cost-plus-fixed-fee contract to provide remediation and excavation services at the Maywood Superfund site in New Jersey.

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DocumentId: 2431247, ~/Articles/ArticleHandler.aspx, 8/30/2016 6:44:58 PM

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8/30/2016 4:00 PM
BA $130.81 Down -2.09 -1.57%
Boeing CAPS Rating: ****
CBI $30.66 Down -0.32 -1.03%
Chicago Bridge and… CAPS Rating: ****
CSC $46.80 Up +0.19 +0.41%
Computer Sciences CAPS Rating: **