Pentagon Awards $615 Million in Contracts

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Starting the week off at a modest pace, the U.S. Department of Defense announced 11 contract awards on Monday worth about $614.7 million in total value. The bulk of the funds on offer, however, went to a single contract winner -- privately held Certified Stainless Service, which was awarded $382.5 million to supply U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with commercial firefighting equipment. As for the rest of the funds awarded:

  • Lockheed Martin (NYSE: LMT  ) won an $18.2 million contract modification to perform modernization on Aegis Combat System-equipped guided missile cruisers and destroyers. This contract should be completed by August 2014.
  • Dentsply International (NASDAQ: XRAY  ) won a $13.5 million option-year exercise extending a contract to supply various medical and surgical products -- also to U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies. This contract runs through August 20, 2014. However, there are an additional six potential option-year extensions that may yet be invoked. If exercised, these could extend Dentsply's contract through August 2020.
  • International Business Machines (NYSE: IBM  ) was awarded an $11.9 million fixed-price-incentive-firm contract to integrate Air Force military personnel and pay processes into one system under the USAF's Air Force Integrated Personnel and Pay System (AF-IPPS) Program. Work on this contract should be complete by December 2014.
  • Textron's (NYSE: TXT  ) AAI subsidiary won a firm-fixed-price, no option, non-multiyear contract modification worth $11.8 million, funding the purchase of six Shadow unmanned aircraft vehicles and auxiliary equipment for the U.S. Army. This win brings the value of Textron's underlying contract to approximately $1.53 billion in total.
  • And finally, L3 Communications (NYSE: LLL  ) was awarded a firm-fixed-price, option-eligible, non-multiyear contract modification worth $11.4 million, to supply the Army with 118 Level 2 Manned-Unmanned (L2 MUM) Product Improvement Plan B-Kits, 16 Transit cases #1, and 16 Transit Cases #2. This equipment is used to enable manned combat aircraft to communicate with and control unmanned aerial vehicles.


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