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Pentagon Awards 20 Contracts Worth $775.5 Million Thursday

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The U.S. Department of Defense issued 20 new contracts Thursday, handing out awards totaling $775.5 million in total. Among the winners:

  • Northrop Grumman (NYSE: NOC  ) won a maximum $40.2 million firm-fixed-price, sole-source contract to supply the Defense Logistics Agency's Aviation department with "outer wing panels" for unspecified Navy aircraft.¬†Delivery on this contract is due Jan. 31, 2017 .
  • Boeing (NYSE: BA  ) won a cost-plus-fixed-fee contract worth up to $39.6 million to provide logistics support and fielding and training services for U.S. Army units being equipped with its CH-47F Chinook transport helicopter.
  • Oceaneering International Inc (NYSE: OII  ) was awarded a $16.5 million cost-plus-fixed fee, cost-plus-incentive fee and firm-fixed-price contract to provide technical/maintenance services for a dry-deck shelter. DoD noted that the awarded contract contains "options" for additional work which, if exercised, would increase the value of this contract to $99.7 million. The base period of the contract calls for work to be completed by July 2014. Optional extensions could stretch the contract out through July 2018.
  • SAP's (NYSE: SAP  ) Government Support and Services unit was awarded a time-and-materials, option-filled contract with a maximum value of $7.1 million to provide enterprise resource planning services to the Army.

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