Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Pentagon Awards $1.16 Billion in Contracts

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The U.S. Department of Defense announced 17 separate contract awards on Thursday worth upwards of $1.14 billion in total value. Most of the contracts went to privately held firms this time around, but there were a few publicly traded winners, among them:

  • Lockheed Martin (NYSE: LMT  ) won a not-to-exceed-$34,500,000 undefinitized contract modification, funding the purchase of Autonomic Logistics Information System equipment, training devices, and sustainment and logistics work for Low Rate Initial Production Lot 6 F-35 Lightning II Joint Strike Fighters. These fighters are destined for the Italian Air Force, and this contract should be complete by October 2018.
  • Computer Sciences Corp (NYSE: CSC  ) won its own undefinitized contract modification, worth up to $28.9 million, on a cost-plus-fixed-fee bridge contract to provide information technology services in support of the U.S. Navy Technology Services Organization as it, in turn, serves as an "enterprise business systems integrator" for the U.S. Marine Corps. This contract runs through August 2014.
  • Olin Corp's (NYSE: OLN  ) Winchester ammunition division won an $11.7 million firm-fixed-price, option eligible, non-multiyear contract modification to supply the U.S. Army with 10.4 million 5.56mm M855 rifle cartridges in 10-round clips, 2.3 million linked 5.56mm M855 cartridges, 3,200 linked 5.56mm M855 cartridges with M856 tracer rounds included in a 4:1 ratio, and 3.2 million linked 0.50 caliber M17 cartridges.
  • Rolls-Royce Corp. (NASDAQOTH: RYCEY  ) was awarded a $10.8 million contract modification to supply 11 low power repair parts for AE1107 turbo shaft engines used on the MV-22 tiltrotor aircraft, and to provide two months of mission care site support for "HMX-1" helicopters belonging to Marine Helicopter Squadron One, which serves the United States President. This contract runs through February 2014.
  • And finally, Tetra Tech (NASDAQ: TTEK  ) won a firm-fixed-price, indefinite-delivery/indefinite-quantity architect-engineering contract worth up to $7.5 million to perform surveying and mapping services in the Naval Facilities Engineering Command (NAVFAC) Southwest area of responsibility (AOR) through August 2016. 

Read/Post Comments (0) | Recommend This Article (3)

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.

Compare Brokers

Fool Disclosure

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: 2607129, ~/Articles/ArticleHandler.aspx, 9/25/2016 3:22:42 AM

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...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
CSC $51.57 Down -0.30 -0.58%
Computer Sciences CAPS Rating: **
LMT $245.84 Down -0.78 -0.32%
Lockheed Martin CAPS Rating: ****
OLN $18.89 Down -0.16 -0.84%
Olin Corporation CAPS Rating: ***
RYCEY $9.36 Down -0.20 -2.09%
Rolls-Royce CAPS Rating: **
TTEK $35.61 Down -0.56 -1.55%
Tetra Tech CAPS Rating: **