Pentagon Announces Multiple USAF Contracts

The Department of Defense issued 17 new contracts worth $831 million on Tuesday and expanded the scope of an 18th -- a massive $7 billion Power Purchase Agreement for the supply of alternative energy. Several of today's contracts benefited the U.S. Air Force in particular, including awards for:

  • $71.7 million: allocated to Computer Sciences Corporation's (NYSE: CSC  ) Applied Technologies subsidiary as a contract modification to provide base operating support and aircraft maintenance for T-38C/T-1A/T-6 training aircraft based at Vance Air Force Base in Oklahoma and used for undergraduate pilot training . This contract has a completion date of Sept. 30, 2014.
     
  • $8 million: awarded to General Dynamics' (NYSE: GD  ) Armament and Technical Products division under an indefinite-delivery/indefinite-quantity contract to do engineering work on medium-caliber aircraft guns and ammunition handling systems. This contract should be completed by Sept. 16, 2014.
     
  • And finally, British defense contractor BAE Systems (NASDAQOTH: BAESY  ) (LSE: BA  ) was awarded a $7.3 million option exercise on a contract to provide "non-personal services to operate, maintain, and support the perimeter acquisition radar attack characterization system and site" at Cavalier Air Force Station in North Dakota. Completion date: Sept. 30, 2017. 

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

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.

DocumentId: 2642534, ~/Articles/ArticleHandler.aspx, 8/1/2014 2:08:26 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...


Advertisement