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Pentagon Awards $287 Million in Contracts Tuesday

The Department of Defense announced the award of nine contracts valued at a combined $286.6 million Tuesday. More than half of that dollar value went to privately owned firms, rather than publicly traded companies. Among the few publicly traded winners yesterday were:

  • Britain's BAE Systems (NASDAQOTH: BAESY  ) , which won a $29 million DARPA contract to work on developing an "adaptable, integrated human-machine exploitation and resource management system." BAE will work on this project through Jan. 28, 2016.
  • Booz Allen Hamilton (NYSE: BAH  ) , which received a $21.7 million contract modification to support training and education, engineering, financial management, and other programs being run by the U.S. Navy in support of Royal Saudi naval forces under a Saudi naval support program. This contract is expected to conclude on July 31, 2014.
  • General Dynamics (NYSE: GD  ) , which won a $12 million contract when the U.S. Marine Corps exercised an option to have General Dynamics provide additional logistics support for a ground equipment readiness program through September 2014. 
  • Lockheed Martin's (NYSE: LMT  ) Aculight subsidiary, which was awarded $11.8 million when the Navy exercised an option to have the company fabricate, test, and deliver a spectral beam combined fiber laser subsystem for it. This work should be complete by August 2017.
  • Sysco (NYSE: SYY  ) , which won yet another food and beverage contract, this one for its Hampton Roads unit to deliver a maximum of $32.3 million worth of victuals to Navy, Air Force, and Coast Guard locations in Virginia.


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