Pentagon Awards $1.246 Billion in Contracts Thursday

The Department of Defense awarded 21 contracts Thursday, worth just under $1.246 billion in combined value. The bulk of the awards went to privately owned contractors to pay for such logistical and construction works as the building of a new barracks at West Point, maintenance works in the continental U.S., and infrastructure design and engineering works. However, there were a few individual contracts, going out to publicly traded firms, worth noting. For example:

  • FLIR Systems (NASDAQ: FLIR  ) subsidiary ICx Technologies won a $21.8 million contract modification to support the U.S. Army's Joint Program Manager for Nuclear, Biological and Chemical Contamination Avoidance (JPM NBC CA) program.
  • URS (NYSE: URS  ) Federal Services was awarded $19.6 million in exercise of the second option year on a contract to perform hazardous materials management services for the Defense Logistics Agency in Maryland, Florida, North Carolina, and California through July 27, 2016. Two one-year option periods remain to be exercised under this contract.
  • Raytheon (NYSE: RTN  ) won a $16.7 million contract modification to provide depot-level diagnostics and repair of Army Patriot missile systems.
  • Lockheed Martin (NYSE: LMT  ) was awarded a contract not to exceed $13 million in value, to fund advanced procurements necessary to build a C-130J-30 aircraft for later delivery to Israel.
  • BAE Systems (NASDAQOTH: BAESY  ) won a $9.2 million contract modification to provide engineering services in support of the MK 41 vertical launching system through September 2013.

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