U.K. Defense Firms Win 3 Pentagon Contracts

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The Department of Defense awarded eight contracts on Wednesday worth just under $956 million in combined value. Three of them went to subsidiaries of non-U.S. firms, specifically:

  • QinetiQ North America, which was awarded a $20.4 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract for to provide post-production support for MK 2 man-transportable robotic systems (MTRS) to be used in bomb disposal work. The MTRS MK2 -- also known as the "Talon" robot -- is a rival to the U.S. company iRobot's (NASDAQ: IRBT  ) PackBot bomb disposal robot. QinetiQ won a similar contract for Talon IV robots earlier this month.
  • BAE Systems (NASDAQOTH: BAESY  ) Hawaii won a $16 million contract modification expanding the scope of repairs to be conducted on the Navy guided missile destroyer USS Chafee (DDG 90). BAE will be working on this contract through February 2014.
  • Finally, a second BAE subsidiary, this time San Diego Ship Repair, won a $7.5 million contract modification to perform upgrades on the landing ship dock USS Rushmore (LSD 47). This work should be complete by November 2013. 

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2556938, ~/Articles/ArticleHandler.aspx, 12/1/2015 6:58:23 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated Moments ago Sponsored by:
DOW 17,888.35 168.43 0.95%
S&P 500 2,102.63 22.22 1.07%
NASD 5,156.31 47.64 0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/1/2015 3:59 PM
BAESY $31.18 Up +0.18 +0.56%
BAE Systems CAPS Rating: *****
IRBT $33.18 Up +0.09 +0.27%
iRobot CAPS Rating: *****