Pentagon Awards 6 New Navy Contracts

The U.S. Department of Defense awarded on Wednesday a group of six defense contractors -- three public, three others privately held -- a series of cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contracts to provide management support services to the Deputy Chief of Naval Operations, Communications Networks' (DCNO N6) Warfighting, Manpower, and Business Transformation Initiatives.

Focusing on the publicly traded companies:

  • Engility (NYSE: EGL  ) won a $12.6 million contract, with potential "option years" attached, which, if all exercised, could increase its value to $38 million total.
  • Booz Allen Hamilton (NYSE: BAH  ) was awarded $15.9 million contract, with similar options that could result in a total potential total value of $48.3 million.
  • ManTech International (NASDAQ: MANT  ) won a $16.2 million contract, which would rise to $49.2 million if all options are exercised.

The base deadline for completion of each of the six contracts, including the three outlined here, is Sept. 29, 2014. Options, if all exercised, could potentially extend one or all of the companies' work through Sept. 29, 2016. 


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