Department of Defense Opens Checkbook, Spends $6.6 Billion on New Contracts

The Department of Defense started the week off with a bang Monday (if you'll pardon the expression). Across a field of 20 contracts awarded, the Pentagon laid out plans to spend nearly $6.6 billion in total contracts. A few of the publicly traded companies winning awards included:

  • OM Group (NYSE: OMG  ) , whose subsidiary EaglePicher Technologies subsidiary won a $7.1 million firm-fixed-price contract to supply thermal lithium battery high-speed anti-radiation missile control section replacement thermal batteries to the U.S. Air Force by October 2016.
  • Navistar (NYSE: NAV  ) , which was awarded an $8.9 million contract to service Mine Resistant Ambush Protected vehicles in the field. 
  • CACI (NYSE: CACI  ) subsidiary CACI Dynamic Systems, awarded a firm-fixed-price contract worth up to $14.2 million for acquisition support services in Afghanistan, Kuwait, and Qatar.
  • Motorola Solutions (NYSE: MSI  ) , awarded a firm-fixed-price contract worth up to $16.9 million to perform land mobile radio support services work in Kuwait.

Larger contracts were also handed out. For example, Raytheon (NYSE: RTN  ) won a not-to-exceed-$23.8 million contract modification to continue phase 2 work on dual band radar systems aboard the nuclear aircraft carrier USS Gerald R. Ford through November 2014. And Northrop Grumman was awarded $83.9 million for unspecified "logistic support services to supply and maintenance operations" in California. 


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.

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: 2469293, ~/Articles/ArticleHandler.aspx, 12/20/2014 3:46:25 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