Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Pentagon Awards Nearly $1 Billion in New Contracts Thursday

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

The Department of Defense issued some 22 separate contract awards Thursday, totaling just under $1 billion in combined value. Not all of them went to publicly traded defense contractors, of course, but enough of them did to be worth mentioning. Here are a few of the lucky winners:

  • Roomba maker iRobot (NASDAQ: IRBT  ) was awarded an indefinite-delivery/indefinite-quantity, firm-fixed-price contract worth up to $30 million for the supply of "robotic systems and spare parts" to the U.S. Army. Specific robot models were not named, but the contract more likely deals with PackBots bomb-disposal robots than with small, autonomous vacuum cleaners.
  • Raytheon (NYSE: RTN  ) won a contract nearly as big -- a $22.4 million order placed against a previously issued basic ordering agreement for the supply of 53 ECP-6279 retrofit kits for installation aboard Navy F/A-18 E/F fighter jets and EA-18G electronic warfare aircraft. Raytheon is expected to complete delivery by July 2015.
  • Oshkosh's (NYSE: OSK  ) contract was even bigger -- a $40.4 million award for the supply of "Armor B-Kits" to up-armor medium tactical vehicles for the Army. 
  • Aeroflex (UNKNOWN: ARX.DL  ) , in contrast, won a smaller $15.2 million award to supply and maintain ground radio maintenance automatic test systems, or GRMATS. Up to 300 GRMATS are covered by the award, and work is to be completed by Aug. 25, 2014.
  • Rounding out this list, L-3 Communications (NYSE: LLL  ) won $10.2 million to pay for the exercise of two options for design and installation services for an undersea warfare training range (USWTR) off the coast of Jacksonville, Fla., for the Navy. Construction is to be complete by May 2019.

Read/Post Comments (1) | Recommend This Article (5)

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.

  • Report this Comment On June 15, 2013, at 4:57 PM, prginww wrote:

    Dang - I can't complain about any of these contracts.

    It sounds like we will get good value for the money spent.

    This would be a bad time to announce new security contracts though. Well those are probably secret.

Add your comment.

Compare Brokers

Fool Disclosure

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: 2491623, ~/Articles/ArticleHandler.aspx, 9/28/2016 1:26:47 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...

Today's Market

updated 4 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
ARX.DL $0.00 Down +0.00 +0.00%
Aeroflex Holding CAPS Rating: *
IRBT $43.50 Up +0.87 +2.04%
iRobot CAPS Rating: *****
LLL $152.49 Up +1.84 +1.22%
L-3 Communications… CAPS Rating: ****
OSK $53.42 Up +1.00 +1.91%
Oshkosh Corporatio… CAPS Rating: ***
RTN $139.11 Up +0.57 +0.41%
Raytheon CAPS Rating: ****