Pentagon Awards $3.3 Billion in Contracts Wednesday

After weeks in which it seemed the Department of Defense was doing hardly any shopping at all, the Pentagon finally found its pocketbook Wednesday. Awarding 19 contracts in quick succession, the Pentagon racked up a credit card bill $3.3 billion long, all in one go.

More than half the spending came in the form of a single, massive $2 billion order placed with Boeing for the production of sub-hunting Poseidon aircraft. But Boeing wasn't the only winner out there. Among the others:

  • Lockheed Martin (NYSE: LMT  ) won a $39.4 million cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract to provide flight test, technical, management, and process support services related to software used aboard Sikorsky MH-60R/S and SH-60B SEAHAWK helicopters. Work on this contract should conclude in September 2015.
  • Science Applications International (NYSE: SAI  ) won a not-to-exceed $30 million contract modification to fund the operations and maintenance (O&M) of "Angel Fire Spiral 2+ Blue Devil Block I" in Afghanistan. The Pentagon sparingly describes this as an OCONUS, or "outside the continental U.S.," program "which will provide operational mission support of deployed warfighters with an advanced multi-intelligence, intelligence, surveillance, and reconnaissance sensor system." When asked to clarify the import of the Angel Fire program, SAIC responded in an emailed statement: "We cannot discuss this program."
  • Woodward (NASDAQ: WWD  ) HRT was awarded $24.7 million when the Defense Logistics Agency, Aviation, exercised an option to extend an existing contract to supply spare parts for "numerous aircraft platforms" through July 30, 2014.
  • and EADS (NASDAQOTH: EADSY  ) North America won a $21.8 million contract modification to continue provision of unspecified "logistical support services" to the U.S. Army Contracting Command.

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

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.

DocumentId: 2571280, ~/Articles/ArticleHandler.aspx, 7/30/2014 9:37:34 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...


Advertisement