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Pentagon Awards $311 Million in Contracts

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The Department of Defense issued nine new contracts on Tuesday worth $311.2 million in total. Most of these contracts went to privately held companies for services such as temporary medical staffing, storing and transport of soldiers' privately owned vehicles, and maintenance. But there were still a few noteworthy contracts let to publicly held companies. Among them:

  • FLIR Systems (NASDAQ: FLIR  ) was awarded a $49.9 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to repair and maintain electro-optical sensor systems on U.S. Marine Corps Ground Based Operational Surveillance Systems (G-BOSS) through September 2018. G-BOSS is designed to give military camps "beyond the fence" surveillance capability by elevating surveillance gear, thus expanding the territory that can be monitored outside of camp.
     
  • Lockheed Martin (NYSE: LMT  ) won an $18.2 million contract modification to perform additional engineering and technical work on Navy Aegis air defense systems through June 2014.
     
  • And finally, the CTI-URS (NYSE: URS  ) Environmental Services joint venture was awarded a $9 million firm-fixed-price, non-option eligible, non-multiyear, indefinite-delivery/indefinite-quantity contract to perform unspecified "environmental services" for the U.S. Army Corps of Engineers in Louisville, Ky.

 

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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