Tech Firms Share In $1.75 Billion Worth of DoD Contracts Thursday

The Department of Defense went absolutely wild with contract awards Thursday, handing out a total of 29 separate contracts, worth a combined $1.75 billion to the companies receiving them. A few of the publicly traded companies winning awards included:

BAE Systems (NASDAQOTH: BAESY  ) subsidiary Ordnance Systems, which won a $9.6 million modification to an already awarded firm-fixed-price contract "associated with the vacuum drying capability for premix and plastic bonded explosives" for the U.S. Army.

Oracle (NYSE: ORCL  ) , recipient of a $14.9 million firm-fixed-price commercial contract to maintain the Global Combat Support System – Marine Corps through October 2013.

Raytheon (NYSE: RTN  ) , whose Integrated Defense Systems unit won a firm-fixed-price contract worth up to $19.6 million to supply the U.S. Army with Mobile Flight Simulators for the PATRIOT Missile System.

General Dynamics (NYSE: GD  ) , whose Advanced Information Systems (GDAIS) unit was awarded a $20.4 million cost-plus-incentive-fee contract modification to provide engineering and technical services related to the AN/BYG-1 weapons control system for use aboard U.S. Navy and Royal Australian Navy submarines. General Dynamics is expected to complete work on this contract by June 2014.

Last, but not least (at least not by dollar value), Amphenol's (NYSE: APH  ) Fiber Systems International business won a cool $45 million, firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the procurement of a "Mixed Fiber Optic Cable Assembly" to replace the "Light-Emitted Diode based CX-13295 Tactical Fiber Optic Cable Assembly" currently being used by the United States Marine Corps. Amphenol should wrap up this work by June 26, 201

Read/Post Comments (0) | Recommend This Article (2)

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.

DocumentId: 2514483, ~/Articles/ArticleHandler.aspx, 4/17/2014 12:28:32 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...