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U.S. Army Wins Big in Pentagon Contract Awards Friday

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The Department of Defense issued 29 new contracts Friday, worth a combined $1.12 billion. The biggest contract awarded went to privately held General Atomics -- to perform work on new MQ-1C Gray Eagle drones for the U.S. Army. Indeed, most of the Army contracts that came out of the Pentagon Friday went to privately owned government contractors. Here are a few that didn't:

  • Accenture's (NYSE: ACN  ) Federal Services unit won a $95 million firm-fixed-price, non-option eligible, non-multi-year contract to provide "prevention response and outreach services" to the Soldier and Family Services Division of the U.S. Army National Guard Bureau nationwide.
  • ABM Industries' (NYSE: ABM  ) Government Services business was awarded a $42.9 million contract modification to provide logistics services at Fort Benning, Ga.
  • Middlesex Water (NASDAQ: MSEX  ) subsidiary Tidewater Utilities won a regulated-tariff-rate contract valued at up to $32.4 million to assume ownership and take responsibility for operating and maintaining the water distribution system at Dover Air Force Base in Delaware for the next 50 years.
  • ICF International (NASDAQ: ICFI  ) subsidiary Jacob & Sundstrom was awarded an $8.3 million contract modification to support the U.S. Army Research Laboratory's (ARL) Computer Network Defense Services program, the ARL Information Assurance Manager's office, and also the ARL Computational and Information Sciences Directorate on various unspecified tasks. 

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Rich Smith

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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