DoD Awards $2.4 Billion in Contracts for Fuel, Missiles, Plane Work

The Department of Defense issued $2.4 billion worth of new contracts Tuesday -- the bulk of which concerned bulk orders of fuel oil. But oil companies didn't lay claim to all of the Pentagon's business. A handful of traditional defense contractors won some work as well. Chief among them:

  • L-3 Communications (NYSE: LLL  ) won a $6.7 million modification to a previously awarded firm-fixed-price contract to manufacture, test, deliver, and then support five Common Data Link Hawklink AN/SRQ-4 radio terminal sets in support of four Navy and one Coast Guard MH-60R Seahawk helicopters. This contract should be completed by May 2015.
  • Lockheed Martin (NYSE: LMT  ) was awarded $9 million for services "in support of" the PATRIOT Advanced Capability-3 (PAC-3) air defense missile system.
  • United Technologies' (NYSE: UTX  ) Pratt & Whitney division won an $11.4 million (estimated) fixed-price, indefinite-delivery, requirements type contract, "with fixed-price, man-month rates, and cost-reimbursable line items for travel and relocation for 15 contractor engineering and technical services representatives." Pratt will perform work on five Air National Guard, one Navy, and nine foreign military F100, JT9D, and J52 jet engines, and will complete its work by June 25, 2016.
  • Privately held General Atomics won $28.3 million in funding to implement the Aircraft Structural Integrity Program Phase I "to manage the structural integrity of the MQ-9" Reaper drone fleet throughout the aircraft's life cycle. Work on Phase I of this task should be completed by Sept. 25, 2016.

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: 2509694, ~/Articles/ArticleHandler.aspx, 8/21/2014 7:19:05 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