Pentagon Awards $1.78 Billion in Defense Contracts Friday

The U.S. Department of Defense announced no fewer than 35 separate contract awards, worth a combined $1.78 billion Friday. Among them:

  • Elbit Systems (NASDAQ: ESLT  ) subsidiary Kollsman, won a $44.8 million firm-fixed-price, five-year requirements contract to repair nine Weapon Repairable Assemblies on Night Targeting Systems installed in Marine Corps AH-1W SuperCobra helicopters through September 2018.
  • Lockheed Martin (NYSE: LMT  ) won a $44.1 million contract modification to conduct telemetry redesigns on the PATRIOT Advanced Capability-3 air defense system for the Army.
  • L-3 Communications (NYSE: LLL  ) won a $23.9 million cost-plus-fixed-fee, non-option eligible, non-multi-year contract to assist with upgrades for the U.S. Army Intelligence and Security Command Futures Directorate.
  • General Electric (NYSE: GE  ) won a $25.1 million indefinite-delivery/indefinite-quantity, firm-fixed-price contract to supply the Navy with up to 190 Low-Rate Initial Production AV-8B Radar Display Computers, 15 spare card sets, and six engineering development units, and to provide non-recurring engineering support through April 2016.
  • Raytheon (NYSE: RTN  ) won an $11.4 million estimated cost-plus fixed-fee requirements foreign military sales contract to maintain F-15 and similar radar systems and avionics hardware for F-15 fighter jets operated by the air forces of Israel, Saudi Arabia, Korea, Japan, and Singapore. This contract runs through Sept. 1, 2018. 

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  • Report this Comment On August 31, 2013, at 10:52 AM, Walterbag wrote:

    "Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron." -- Dwight D. Eisenhower

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    "[The Laos operation] is something of which we can be proud as Americans. It has involved virtually no American casualties. What we are getting for our money there ... is, I think, to use the old phrase, very cost effective." -- U. Alexis Johnson, US Under Secretary of State in 1971 about American carpet--bombing of Laos which killed hundreds--of--thousands of civilians

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