The Department of Defense ended the week with a bang (if you'll pardon the expression) on Friday, awarding no fewer than 29 separate contracts worth more than $951 million in aggregate. Publicly traded companies securing contracts included:
- United Technologies (NYSE: UTX ) , which was awarded a $28.6 million delivery order to supply two F135-PW-100 conventional takeoff and landing ground test engines to the U.S. Air Force by June 30, 2014. This engine is used to power the F-35 Lightning II stealth fighter.
- General Dynamics (NYSE: GD ) , which won a $15 million contract to supply the U.S. Navy with an additional nine high-gain, high-sensitivity systems under the Surface Electronic Warfare Improvement Program, or SEWIP, Block 1B3 low-rate initial production program. SEWIP aims to improve Navy ships' defenses against anti-ship missiles. This contract is scheduled to be complete by March 2015.
- Northrop Grumman (NYSE: NOC ) , awarded a $12.8 million to study ways to reduce in-flight refueling risk for the Navy E-2D Advanced Hawkeye airborne early warning aircraft. This contract runs through September.
- BAE Systems (NASDAQOTH: BAESY ) , awarded $9 million as an add-on to a cost-plus-award-fee contract to perform maintenance work and upgrades on the guided missile destroyer USS Gridley (DDG-101). Work should be completed by Oct. 9. Additional options on this contract could raise its value to $9.2 million and extend the contract length.
- Rolls Royce Group (NASDAQOTH: RYCEY ) , which won an $8.4 million modification to a previously awarded firm-fixed-price contract to perform up to 11,020 additional flight hours' worth of engineering work on Marine Corps MV-22 Osprey tilt-rotor aircraft, through November, and in support of Operation Enduring Freedom.