Continuing to laze its way through summer, the U.S. Department of Defense announced only nine mostly small new contracts Tuesday, totaling just a bit over $87 million in aggregate value. Winners today included:
- Lockheed Martin (NYSE:LMT), which was awarded a $53.6 million firm-fixed-price contract to supply the Air Force with six B-2 "line replaceable units, data, material lay-in, and overhaul management." Lockheed will perform task orders under the contract as they are placed, and is expected to continue working on this contract through at least July 2016. The contract may, however, be extended by a two-year option period through July 2018.
- Lockheed -- again -- this time in the form of its HELLFIRE Systems LLC joint venture with Boeing (NYSE:BA). The HELLFIRE JV was awarded a $7.6 million contract modification to convert HELLFIRE II Romeo Air-to-Ground Missiles to the AGM-114R2 and AGM-114R9E configurations for customers in Australia, Saudi Arabia, and the United Arab Emirates. The Pentagon notes that the cumulative value of the underlying contract here has now passed $873 million.
- AECOM (NYSE:ACM), URS (NYSE:URS), and two privately held companies, all four of which were awarded the right to compete for $9 million in funds under an indefinite-delivery/indefinite-quantity, firm-fixed-price, multiple-award, foreign-military-sales contract. Under this contract, the winners will bid to complete individual orders to provide "administrative and general management consulting services" to the governments of Australia, Bangladesh, Cambodia, the Maldives, the Marshall Islands, Micronesia, Mongolia, New Zealand, Palau, and Papua New Guinea.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.