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Pentagon Awards Data Mining, Helicopter, and Robo-Sub Contracts

The Department of Defense awarded 13 separate contracts Wednesday, worth about $613 million in aggregate. Several of these awards went to privately held companies, of little interest to investors. However, publicly traded companies did win a few contracts. Notably:

  • Telecommunications Systems (NASDAQ: TSYS  ) won one of six awards issued as part of a firm-fixed-price, multi-year, multiple-award contract with a maximum value of $48,000,000. Under this contract. Telecommunications Systems will have the right to bid on various task orders to provide command, control, communications, and computer support services for users located at the Army's Fort Bragg in North Carolina.
  • Exelis (NYSE: XLS  ) subsidiary EDO Professional Services was awarded $22.1 million to continue providing technical services in support of Space and Naval Warfare Systems Center Pacific (SSC Pacific) on its unmanned maritime systems performing fleet mine countermeasures and force protection. This contract now runs through July 22, 2014.
  • Boeing (NYSE: BA  ) won $17 million contract to supply an unspecified number of CH-47 helicopters to Australia and the United Arab Emirates.
  • Raytheon (NYSE: RTN  ) Oakley Systems was awarded $7.9 million to perform R&D work on methods to detect "insider threats" through behavior identification. 
  • IBM (NYSE: IBM  ) won $7.8 million to do additional work on developing scalable "graph analytic and statistical learning methods" to detect abnormal behavior within "large, dynamic, and heterogeneous media." 

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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 July 05, 2013, at 9:25 PM, neamakri wrote:

    as I read the descriptions for the Raytheon and IBM contracts, I'm thinking "SKYNET".

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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