Pentagon Awards 16 Contracts Worth $2.7 Billion

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.


Read/Post Comments (0) | Recommend This Article (1)

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.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2431247, ~/Articles/ArticleHandler.aspx, 11/28/2014 3:35:54 PM

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