Pentagon Issues Few New Contracts Tuesday

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.

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  • Report this Comment On July 10, 2013, at 4:42 AM, deninhk wrote:

    they are trying to save up enough money to go into the next war... mmmmm now where could that be? iran, n korea -probably not n korea, no oil there....lol

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