Pentagon Awards $796 Million in New Contracts

The U.S. Department of Defense announced 20 new contract awards on Thursday worth a total of $796 million in combined value. The bulk of the contracts this time went to privately owned companies, but there were a few publicly traded contract recipients, including:

  • Alliant Techsystems (NYSE: ATK  ) , one of the bigger winners Thursday, won a firm-fixed-price, no option, non-multiyear contract with a maximum value of $84.8 million. ATK will be supplying the U.S. Army Contracting Command -- Rock Island Arsenal with Proximity Sensors and Sensor Dummies.
  • General Dynamics' (NYSE: GD  ) Electric Boat Corp subsidiary was awarded a $12 million cost-plus-fixed-fee contract modification to continue supplying onboard repair parts for use aboard Virginia-class nuclear attack submarines. This contract should continue in force through February 2017.
  • Honeywell International (NYSE: HON  ) won a $6.6 million firm-fixed-price contract to supply the Defense Logistics Agency, Aviation division, with system analyzer test sets. Performance is due by Aug. 8, 2016.
  • While multiple contract recipients -- including KEYW Corp (NASDAQ: KEYW  ) , Raytheon (NYSE: RTN  ) , SAIC, and BAE, will share an indefinite- delivery/indefinite-quantity contract worth up to $24.4 million. These four companies have "won" the right to bid against each other for task orders to perform R&D work for the U.S. Air Force Research Laboratory's Compact Automatic Target Recognition (ATR) and Sustainable Environment (CASE) programs. This contract will run through Aug. 15, 2020. 

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.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2598055, ~/Articles/ArticleHandler.aspx, 12/18/2014 11:12:26 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