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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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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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