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Pentagon Awards 9 Contracts Worth $791 Million

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The U.S. Department of Defense wrapped up the workweek Friday with the announcement of nine new contracts, worth more than $791 million in total. A series of tech firms took the big prize, a near-half-billion-dollar contract to revamp the U.S. Army's enterprise business systems. But there were smaller winners as well. Among them:

  • A joint venture between Europe's Thales and Raytheon (NYSE: RTN  ) won an $83.5 million firm-fixed-price, multiyear contract to supply the Army with spare parts and components for its radar systems, and to make repairs thereon, on an as-needed basis.
  • Northrop Grumman (NYSE: NOC  ) was awarded a cost-plus-fixed-fee, multiyear contract worth up to $17.2 million to repair and calibrate certain "secondary items" in support of its Integrated Family of Test Equipment. IFTE is a series of systems used by the U.S. Army to test its electronic and electro-optic weapons devices, such as missile systems, vehicles, and aircraft.¬†
  • Lockheed Martin's (NYSE: LMT  ) Space Systems unit won $9.6 million to install, test, accredit, certify, and deliver nuclear weapons security system equipment to U.S. Navy Installations.¬†Optional extensions on this work could increase the contract's value to $10.9 million and extend the period for performance through March 31, 2016.
  • General Dynamics' (NYSE: GD  ) Bath Iron Works shipbuilding division won $7.5 million as a modification to a previously awarded task order for engineering and other "post-shakedown" work on the littoral combat ship it built, the USS Independence (LCS 2). General Dynamics is to complete this work by March 2014.

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