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Pentagon Awards $903 Million in Contracts Monday

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The Department of Defense issued 25 new contracts on Monday worth a little more than $903 million combined. Among the day's notable awards:

  • NCI's Information Systems division won a $53 million contract modification to provide "fielding and logistics services" to the U.S. Army's Program Executive Office Soldier, an office tasked with developing, acquiring, and fielding state-of-the-art equipment for soldiers in the field.
  • Science Application International Corp., better known as SAIC (NYSE: SAI  ) , received a $45 million contract modification to perform unspecified "maintenance, repair, and operations" for the Defense Logistics Agency Troop Support in the Southeast Zone 1 region -- specifically, New Jersey -- through March 31, 2014.
  • Textron's (NYSE: TXT  ) Bell Helicopter division won an $18.8 million firm-fixed-price contract to supply an unspecified number of main rotor gearbox assemblies to the U.S. Navy by Dec. 31, 2016.
  • BAE Systems (NASDAQOTH: BAESY  )   (LSE: BA  ) subsidiary Ordnance Systems was awarded an $8 million contract modification to reactivate magnesium nitration nitric acid unit No. 5 at the Holston Army Ammunition Plant Kingsport, Tenn.
  • and Raytheon (NYSE: RTN  ) got a $19 million modification to a foreign military sales contract, in which it will supply 41 improved thermal sight systems to the Saudi Arabian military for use in LAV-25 light armored vehicles. 

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Rich Smith

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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