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Pentagon Awards 10 Contracts Thursday

The U.S. Department of Defense announced the award of 10 separate contracts Thursday, worth a bit over $340 million in aggregate value. Boeing and Raytheon claimed about one third of the money on offer, apiece. As for other companies participating in Pentagon funding, these included the following:

  • Tetra Tech (NASDAQ: TTEK  ) and the GMI-AECOM (NYSE: ACM  ) joint venture -- and also privately held CH2M Hill: All three firms will participate in a firm-fixed-price, indefinite-delivery/indefinite-quantity multiple award contract that permits them to bid on $75 million worth of natural resource and environmental planning services tasks for the U.S. Navy. Task orders will be issued and may invite bids as needed over the next five years, winding down in July 2018.
  • General Electric (NYSE: GE  ) won a $15.7 million award, and this one it need share with no one. GE is tasked with supplying "time critical parts" needed for its T-408-GE-400 gas turbine engines -- used to power Navy CH-53K Sikorsky Super Stallion helicopters. GE will work on this contract through December 2016.
  • Rockwell Collins (NYSE: COL  ) won a $13.6 million award when the Air Force exercised option No. 3 on a firm-fixed-price contract to produce 19 low-rate, initial-production modification kits for Air Force KC-135 tanker aircraft undergoing Communications, Navigation, Surveillance/Air Traffic Management upgrades through May 30, 2014.
  • Finally, Northrop Grumman (NYSE: NOC  ) was awarded a $12.9 million cost-plus-fixed-fee contract to provide exercise and training support to command staff, battle staff, and Theater Special Operations Commands at MacDill Air Force Base, Fla., and other locations. This contract is expected to run through June 2014.

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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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7/7/2015 4:03 PM
ACM $32.55 Up +0.24 +0.74%
AECOM Technology C… CAPS Rating: ****
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GE $26.47 Up +0.16 +0.61%
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NOC $161.39 Up +2.14 +1.34%
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